Analysts noted that domestic consumer demand remained muted in Q4, in line with past two quarters. This is even as rural demand saw some pick-up on a low base.
FMCG major Hindustan Unilever Ltd (HUL) on Wednesday reported a 6% drop in its standalone net profit at Rs 2,406 crore for the quarter ended March 2024. The same stood at Rs 2,552 crore in the last year quarter. Read Full Copy Here
HUL Q4 results: "Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter at Rs 3,535 crore (Q4 FY23: Rs 3,574 crore) declined by 1 per cent. EBITDA margin at 23.5 per cent declined by 40 bps vs Q4 FY23," HUL stated.
HUL Q4 Results: However, the total income during the quarter increased to Rs 15,441 crore in the fourth quarter as against Rs 15,375 crore in the corresponding quarter a year ago, HUL said in a regulatory filing.