Hindustan Unilever Q1FY23 Results: PAT up 3.24% to ₹2,381 Cr and Turnover grew 19% QOQ

EBITDA margin at 23.2% remained healthy despite the unprecedented inflation in input costs. YoY EBITDA margin declined 110 bps. PAT (bei) was up 17% YoY. PAT at ₹2,289 Crores was up 11% YoY. The difference between PAT (bei) and PAT growth is largely due a one-off prior period tax credit we had in base period

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Hindustan Unilever Limited (HUL) is a consumer goods company headquartered in Mumbai, India. It is a subsidiary of Unilever, a British company. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods.

HUL has posted its Q1FY23 financial results today, the details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹14,757 crore in the quarter ended on June 30, 2022 as against ₹13,846 crore in the last quarter ended on Mar 31, 2022, increased by 6.58%.

The company has posted a consolidated Net Profit of ₹2,381 crore in the quarter ended on March 31, 2022 as against ₹2,304 crore in the previous quarter ended on June 30, 2022. The PAT surges up by 3.24%.

The status of the EPS of the company stood at ₹10.13 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹9.81, up by 3.26%.

₹*June 30, 2022 (Q1FY23)Mar 31, 2022 (Q4FY22)
Total Income14,75713,846
Total Expenses1153110782
PBT /(Loss)32143119
Total Tax /(credit)823814
PAT /(Loss) [to the owners]2,3812,304
*figures are in Crores

(I) Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹14,757 crore in the financial year ended on June 30, 2022 as against ₹ crore for the same quarter ended on last year June 30, 2021 that increased by 20.37%.

The company has posted a consolidated Net Profit of ₹2,381 crore in the financial year ended on June 30, 2022 as against ₹2,097crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 13.54%.

The status of the EPS of the company stood at ₹10.13 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹8.92, up by 13.57%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income14,75712,260
Total Expenses115319546
PBT /(Loss)32142687
Total Tax /(credit)823587
PAT /(Loss) [to the owners]2,3812,097
*figures are in Crores

Hindustan Unilever Q4FY22 and Year Ended result : Profit grew 5.4% YoY – Check out the details here.

HUL Q1FY23 results -Market Times

(III) Key Highlights about the Performance :

  • Operating margins remain healthy
    • EBITDA margin at 23.2% remained healthy despite the unprecedented inflation in input costs. YoY EBITDA margin declined 110 bps. PAT (bei) was up 17% YoY. PAT at ₹2,289 Crores was up 11% YoY. The difference between PAT (bei) and PAT growth is largely due a one-off prior period tax credit we had in base period. We continue to manage our business dynamically driving savings harder across all lines of P&L and taking calibrated pricing actions using the principles of Net Revenue Management. it continues to invest competitively behind our brands.
  • June Quarter 2022: Robust performance
    • During the quarter, our Turnover grew 19% with Underlying Volume Growth of 6%. We continued to grow significantly ahead of the market, gaining value and volume market shares EBITDA margin at 23.2% remained healthy despite unprecedented inflationary headwinds. Profit After Tax before exceptional items (PAT bei) grew 17% and Profit After Tax (PAT) grew 11%.

HUL FMCG market growth Q1FY23 Results – Market Times
  • Operating margins remain healthy
    • EBITDA margin at 23.2% remained healthy despite the unprecedented inflation in input costs. YoY EBITDA margin declined 110 bps. PAT (bei) was up 17% YoY. PAT at ₹2,289 Crores was up 11% YoY. The difference between PAT (bei) and PAT growth is largely due a one-off prior period tax credit we had in base period. We continue to manage our business dynamically driving savings harder across all lines of P&L and taking calibrated pricing actions using the principles of Net Revenue Management. it continues to invest competitively behind our brands.
  • June Quarter 2022: Robust performance
    • During the quarter, our Turnover grew 19% with Underlying Volume Growth of 6%. We continued to grow significantly ahead of the market, gaining value and volume market shares EBITDA margin at 23.2% remained healthy despite unprecedented inflationary headwinds. Profit After Tax before exceptional items (PAT bei) grew 17% and Profit After Tax (PAT) grew 11%.
  • Home Care: Stellar performance continues
    • Home Care delivered 30% growth driven by strong performance in Fabric Wash and Household Care. Both categories grew in high double-digits with all parts of the portfolio performing well.
  • Beauty & Personal Care: Strong growth ahead of the market
    • Beauty & Personal Care growth of 17% was broad based. Hair Care grew in high double-digit led by strong performance in premium portfolio. Soaps delivered price-led double-digit growth driven by strong performance in Lux, Dove and Pears. Skin Care and Color Cosmetics delivered strong YoY growth on a soft base.
Market Times – market news

Shares of Hindustan Unilever Limited was last trading in BSE at ₹2566.00 as compared to the previous close of ₹2552.60. The total number of shares traded during the day was 43602 in over 3668 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 2574.65
  • Intraday low of ₹ 2527.20