Hindustan Unilever lost 0.08% to Rs 580.25 at 15:26 IST on BSE after net profit rose 10.78% to Rs 872.13 crore on 10.24% growth in total income to Rs 7244.73 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced during trading hours today, 28 April 2014.
Meanwhile, the S&P BSE Sensex was down 46.13 points or 0.2% at 22,641.94.
On BSE, so far 4.12 lakh shares were traded in the counter as against average daily volume of 74,000 shares in the past two weeks.
The stock was volatile. The stock lost as much as 2.68% at the day's low of Rs 565.10 so far during the day. The stock rose as much as 1.25% at the day's high of Rs 588 so far during the day.
Hindustan Unilever (HUL)'s net profit rose 1.86% to Rs 3867.49 crore on 8.41% growth in total income to Rs 28640.16 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
More From This Section
On consolidated basis, HUL's net profit rose 3.04% to Rs 3945.57 crore on 8.23% growth in total income to Rs 29804.26 crore in FY 2014 over FY 2013.
HUL said that the operating context during the quarter remained challenging with slowing market growth and high competitive intensity. Firm input costs were managed through a mix of judicious pricing and cost savings, the company said. Brand investments were sustained at competitive levels with higher advertising spend being offset by lower promotional activities. Profit before interest and tax (PBIT) grew by 11% and PBIT margin improved by 30 basis points (bps). Profit after tax before exceptional items, PAT (bei), grew by 7% to Rs 832 crore while net profit at Rs 872 crore was up 11% YoY in Q4 March 2014, HUL said in a statement.
The Domestic Consumer business grew by 9% with 4% underlying volume growth during FY 2014, ahead of market, HUL said. Profit before interest and tax (PBIT) grew by 12% with PBIT margin improving 40 bps. Profit after tax but before exceptional items, PAT (bei), grew by 7% to Rs 3555 crore with net profit at Rs 3867 crore, growing 2% over FY 2013. Net Profit growth was impacted by the significant property sale in the previous year, the company said. Cash generated from operations at over Rs 5000 crore for the year, was up Rs 462 crore over the previous year, HUL said in a statement.
Commenting on the company's results, Harish Manwani, Chairman, HUL commented, "Against the backdrop of a challenging environment, we have delivered another year of competitive and profitable growth. We stepped up investment behind our brands and innovations, whilst driving cost savings and operational efficiencies with even greater rigor. Looking ahead, we are confident that our strategy is on track to deliver sustainable long term growth and margin improvement".
HUL's board of directors at its meeting held today, 28 April 2014, recommended final dividend of Rs 7.50 per share for FY 2014.
HUL is India's largest FMCG company in terms of sales with over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers.
Powered by Capital Market - Live News