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Home>Blog>News>Hindustan Unilever Limited (HUL) Quarterly Results Q3 FY22

Hindustan Unilever Limited (HUL) Quarterly Results Q3 FY22

24 May 2022

FMCG giant Hindustan Unilever Limited (HUL) released its quarterly earnings report for Q3 FY22. The company reported a 18.6% YoY increase in its PAT at Rs 2,300 crore from Rs 1,938 crore in Q3 FY21 while the figure jumped 5% QoQ jump from Rs 2,185 crore in the previous quarter.

The company reported a 10.2% YoY increase in its consolidated revenue from operations at Rs 13,223 crore from Rs 11,989 crore in the year ago period. On a QoQ basis, the company reported a meagre jump of 3% QoQ in its revenue from operations from Rs 12,831 crore in Q2 FY21.

However, the total income of HUL largely remained flat with a 3% QoQ jump at Rs 13,499 crore from Rs 13,099 crore in the corresponding quarter in the previous financial year. On a YoY basis, the total income increased by 10% from Rs 12,235 crore in Q3 FY21.

The soap-to-shampoo company’s performance beat analyst estimates with demand picking up across market segments. Additionally, the EBITDA margin for the quarter under review stood at 25.4%, an increase of 100 base points compared to the year ago period.

HUL’s scrip closed in the red at Rs 2,261.8 per share after taking a 2.08% dip ahead of its quarterly earnings report at the end of the intraday trading session on January 20, 2022.

Hits

  • PAT up 18.6% YoY at Rs 2,300 crore from Rs 1,938 crore; 5% QoQ from Rs 2,185 crore
  • Revenue from operations up 10.2% YoY 13,223 crore from Rs 11,989 crore
  • Earnings Per Share (EPS) up at Rs 9.78 from Rs 8.24 in the year ago period
  • Skincare & cosmetic sales soared to above pre-COVID levels

 Misses

  • Total income largely flat at Rs Rs 13,499 crore
  • Prices of household care and fabric wash products hiked amid inflationary input costs

Segment-wise revenue

  • Home care: Revenue up 23% YoY to Rs 4,192 crore from Rs 3,409 crore in Q3 FY21
  • Beauty & Personal care: Revenue up 7% YoY to Rs 5,213 crore from Rs 4,868 crore in Q3 FY21
  • Foods & Refreshment: Revenue up 3% YoY to Rs 3,466 crore from Rs 3,356 crore in Q3 FY21
  • Others: Revenue up 3% YoY to Rs 568 crore from Rs 548 crore in Q3 FY21

What the Management says

Sanjiv Mehta, Chairman and Managing Director, HUL said, “We have delivered a strong and resilient performance in the quarter despite moderation in market growths and significant levels of commodity inflation. I am particularly pleased that the growth is extremely competitive with our market share gains being highest in more than a decade. Our performance is reflective of our strategic clarity, strength of our brands, operational excellence, and dynamic financial management of our business.

In the near-term, the operating environment will continue to remain challenging. In this scenario, we will manage our business with agility, continue to grow our consumer franchise whilst maintaining our margins in a healthy range. We remain confident of the medium to long term potential of the Indian FMCG sector and HUL’s ability to deliver a Consistent, Competitive, Profitable and Responsible growth.”

Other things to know about HUL 

  • Hindustan Unilever has the highest market capitalization in the FMCG segment at Rs 5.42 lakh crore. 
  • HUL’s P/E ratio is at 67.88 against the industry average of 46.17 while its P/B ratio is at 11.38 against the industry average of 8.54
  • Hindustan Unilever’s dividend yield is at 1.75% against the industry average of 1.84%

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