FMCG major Hindustan Unilever Ltd (HUL) on Wednesday reported a profit after tax (PAT) of Rs 2,327 crore in the fourth quarter ended March 2022, a jump of about nine per cent as compared with Rs 2,143 crore in the year-ago quarter. Its total sales during the quarter grew over 10 per cent to Rs 13,462 crore, according to a regulatory filing by the company.
The company’s operating margin remained healthy at 24.6 per cent. Its net sales jumped 10 per cent to Rs 13,190 crore for the March 2022 quarter. The company’s board has recommended a final dividend of Rs 19 for FY22.
HUL CEO and Managing Director Sanjiv Mehta said, “In challenging circumstances, we have grown competitively and protected our business model by maintaining margins in a healthy range. 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.”
In the December 2021 quarter, HUL had reported a 17 per cent jump in its net profit to Rs 2,243 crore, as it had gained market share in both urban and rural areas as India emerged from coronavirus-related lockdowns.