Personal Products company Hindustan Unilever announced Q1FY25 results:
- HUL delivered a robust performance in Q1FY25 with an Underlying Volume Growth1 (UVG) of 4%. Underlying Sales Growth2 (USG) was 2% due to the impact of price reductions taken during the year as we passed on benefits of lower commodity prices to consumers. EBITDA margin at 23.8% was up 20 bps YoY.
- Profit After Tax before exceptional items (PAT bei) and Profit After Tax (PAT) both grew 3% YoY.
- Home Care: Home Care delivered a strong performance with 4% USG and high-single digit UVG. Fabric Wash grew volumes in high-single digit led by structural actions taken across the portfolio, in both mass and premium segments.
- Beauty & Wellbeing: Beauty & Wellbeing delivered 3% USG with mid-single digit UVG. Hair Care grew volumes in double-digit driven by a strong performance in Sunsilk, Clinic Plus and Dove.
- Personal Care: Personal Care delivered low-single digit UVG while USG declined by 5%.
- Foods & Refreshment: Foods & Refreshment had a USG of 1% with volumes remaining stable. The category was impacted by a harsh summer season.
Rohit Jawa, CEO and Managing Director commented: ‘HUL’s first quarter performance reflects our decisive actions of transforming our portfolio in high growth spaces aided by gradual recovery of rural markets. Our commitment to unlocking access to aspiration, market making & premiumization supported by our distinctive capabilities is a key driver of our competitive edge.
We continue to focus on driving competitive volume growth, generating fuel to invest behind our brands and making our business future fit. We remain confident of the medium to long term potential of Indian FMCG sector. With our strong brands, execution prowess and distribution might, HUL is well positioned to leverage this growth opportunity as we continue transforming our business to outperform.’