HUL Q4 net up 21% at Rs 686.61 crore
New Delhi: FMCG major Hindustan Unilever Ltd Tuesday posted 20.63 percent increase in its net profit at Rs 686.61 crore for the fourth quarter ended December 31, 2012, on back of robust sales growth across all business verticals.
The company had posted a net profit of Rs 569.18 crore in the same period of previous fiscal.
Net sales of the company stood at Rs 5,660.48 crore in the fourth quarter ended March 31, 2012, while the same was Rs 4,893.67 crore in the same period of 2010-11.
For the year ended March 31, 2012, the company posted a consolidated net profit of Rs 2,800.14 crore. It had posted a net profit of Rs 2,306.63 crore in 2010-11.
The company's net sales for the year ended March 31, 2012 stood at Rs 22,987.73 crore. It stood at Rs 19,647.69 crore in 2010-11.
Commenting on the results HUL Chairman Harish Manwani said: "Our performance through the year has been consistent, with broad based growth ahead of the market, driven by a relentless focus on innovation and in-market execution.'
"In a year of competitive intensity and high volatility, a sharp focus on cost management helped the business to continue to invest behind our brands and capabilities while delivering an improvement in margins," he added.
During the quarter, the company's soaps and detergents business grew by 28 percent over the same period of previous fiscal, while its skin cleansing vertical also posted a double digit growth across all price segments.
The company's personal products segment grew by 17 percent during the fourth quarter led by brands like Fair & Lovely, Ponds and Vaseline, the company said.
HUL's hair care segment posted a double digit growth during the quarter primarily on the growth of brands like Dove, Sunsilk and Clear, it added.
The company said competitive intensity and inflationary pressures remained high during the quarter.
"Cost pressures were managed dynamically through judicious pricing coupled with relentless focus on buying efficiencies and cost savings," the company said.
The company's board, which met today, recommended a dividend of Rs 4 per share of Re 1 each. Together with interim dividend of Rs 3.50 per share, the total dividend for the financial year ending March 31, 2012 amounts to Rs 7.50 per share.
HUL said its oral care vertical registered a modest growth during the fourth quarter while the beverages business grew by 8 percent over the same period of 2010-11.