HUL reported a 6% drop in Q4 NP

(20 second reading) FMCG major 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.
Revenue from operations in the reporting period rose marginally to Rs 14,693 crore, compared with Rs 14,638 crore in the corre.
The Board has also recommended a final dividend of Rs 24 for the financial year ended March 2024.
HUL said it delivered a resilient performance in the quarter with an underlying sales volume growth of 2%.
EBITDA for the reporting fourth quarter fell 1% year-on-year to (YoY) Rs 3,435 crore against Rs 3,471 crore in the same quarter previous year.