Hindustan Unilever (HUL) has achieved 7% growth in the fourth quarter ended March 31, 2016, at Rs 1,090 crore.
Amid the quarter, the domestic consumer business grew at 4%, with 4% underlying volume growth. Growth in the quarter was impacted by the phasing out of excise duty incentives, a one-time credit for excise duty refund in the base quarter and marginal price de-growth. Volume growth in soaps & detergent was partially counteracted by price deflation, whereas
packaged foods, however, witnessed double digit growth.
Lower input costs resulted in 240 basis point reduction in cost of goods sold. Profit before interest and tax (PBIT) grew by 11% and PBIT margin improved by 115 basis points.
For the financial year 2015-16, the domestic consumer business grew by 4% with 6% underlying volume growth.
Harish Manwani, chairman, HUL, said that amid the challenging markets and a deflationary cost environment, HUL has delivered another year of competitive and profitable growth. The consistency of HUL’s performance is a result of managing the business dynamically, and executing its strategy with even greater rigour and discipline. The brand’s sustained focus on investing behind brands, sharpening its executional capabilities and driving market development has enabled it to keep winning with consumers in a rapidly changing market.