On Wednesday, April 27, Hindustan Unilever Ltd (HUL) reported its financial results for the fourth quarter ended on March 2022. The standalone net profit was recorded at Rs 2,327 crore in Q4, it was Rs 2,143 crore in the same quarter the previous year.
The revenue from operations rose 11% YoY at Rs 13,462 crore in Q4. The revenue for the full year i.e. from April 2021 to March 2022 surged by 11.3% to Rs 51,193 crore. HUL’s annual profit has surged 10.9% to Rs 8,818 crore from Rs 7,954 crore in the previous year.
“In challenging circumstances, we have grown competitively and protected our business model by maintaining margins in a healthy range. I am also pleased that we have become a Rs 50,000 crore turnover company in this fiscal,” said HUL MD & CEO, Sanjiv Mehta.
HUL had proposed a final dividend of Rs 19/share for the year ended on March 2022. Today, HUL stock was trading 3.25% lower at Rs 2,145.1/share on the National Stock Exchange (NSE).