Hindustan Unilever Q3 net up 18.6% yoy at Rs2,297cr on strong profit traction from food and home care

Hindustan Unilever reported 10.33% yoy growth in total revenues for the Dec-21 quarter on consolidated basis at Rs13,439cr

January 20, 2022 5:30 IST | India Infoline News Service
Hindustan Unilever reported 10.33% yoy growth in total revenues for the Dec-21 quarter on consolidated basis at Rs13,439cr. On a sequential basis, the revenues were up by 3.01%.

During the December 2021 quarter, the company witnessed strong volumes. In terms of verticals, HUL witness yoy growth of 23% in home care business at Rs4,192cr.

Beauty and personal care saw higher revenues of 7.1% at Rs5,213cr. Food and exports business were largely flat. The underlying volume growth in the quarter was 2%, which was much better than the market peer group and also despite the weak rural sales traction in Q3.

For the Dec-21 quarter, the operating profits were up by 17.18% on a yoy basis. The sharp rise in the operating profits was largely on account of smart operating profit growth in the home care and the foods business.

Home care operating profits were up 33% at Rs861cr while the operating profits in the food and refreshment vertical was 37% at Rs646cr. Operating profits of beauty and personal care was almost flat at Rs1,454cr.

Operating margins expanded from 21.98% in Dec-20 quarter to 23.34% in the Dec-21 quarter. Operating margins are also higher on a sequential basis.

Net Profit after tax (PAT) for the Dec-21 quarter was up 18.59% yoy at Rs2,297cr on the back of strong operating traction supported by volume growth.  

PAT margins improved from 15.90% in the Dec-20 quarter to 17.09% in the Dec-21 quarter. The PAT margins were also higher by 35 basis point on a sequential basis.

Financial highlights for Dec-21 compared yoy and sequentially

Hindustan Unilever
Rs in Crore Dec-21 Dec-20 YOY Sep-21 QOQ
Total Income (Rs cr) ₹ 13,439.00 ₹ 12,181.00 10.33% ₹ 13,046.00 3.01%
Operating Profit (Rs cr) ₹ 3,137.00 ₹ 2,677.00 17.18% ₹ 2,945.00 6.52%
Net Profit (Rs cr) ₹ 2,297.00 ₹ 1,937.00 18.59% ₹ 2,181.00 5.32%
Diluted EPS (Rs) ₹ 9.78 ₹ 8.24 ₹ 9.28
OPM 23.34% 21.98% 22.57%
Net Margins 17.09% 15.90% 16.72%

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