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HUL Turnover Crosses Rs 50,000 Crore - An FMCG All Time High

"Consistent performance is reflective in strategic clarity, brands strength, operational excellence and dynamic financial management," said Sanjiv Mehta, CEO & MD, HUL on crossing the milestone

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Sanjiv Mehta, CEO & MD, HUL

Hindustan Unilever Ltd (HUL) on Wednesday said that it achieved Rs 50,000 crore turnover in the last fiscal, making it the first pure FMCG entity to hit the milestone.

"Turnover at Rs. 50,336 Crores grew 11 per cent with underlying volume growth of 3 per cent. EBITDA margin remained healthy at 24.8 per cent, 20bps lower than FY21," the company statement read.

Its standalone net profit for Q4FY22 stood at Rs 2,327 crore, up 8.58 per cent from Rs 2,143 crore registered in the same quarter last year.

Its revenue from sales of products during the quarter came in at Rs 13,190 crore, up 10.40 per cent from Rs 11,947 crore in the year-ago quarter.

"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. Our consistent performance is reflective of our strategic clarity, strength of our brands, operational excellence, and dynamic financial management of our business. While there are near term concerns around significant inflation and slowing market growth, we are confident of the medium to long term prospects of the Indian FMCG sector and remain focused on delivering a consistent, competitive, profitable and responsible growth," said Sanjiv Mehta, CEO and Managing Director, HUL.

The board of the company has also recommended a dividend of Rs 19 per share, taking the total dividend for fiscal 2022 at Rs 34 per share. The company had paid Rs 15 interim dividend in November.

"Home Care growth at 24 per cent was broad based with strong performance in Fabric Wash and Household Care. Both categories grew in strong double digits with all parts of the portfolio performing well. Liquids and Fabric Sensations continued to outperform driven by effective market development actions. Calibrated price increases were taken across Fabric Wash and Household Care portfolios to partly offset the significant inflation in input costs," the company statement read.