HUL Q4 beats street, net up 14.6%; stock rises 4%

Hindustan Unilever 's (HUL) beat expectations in the fourth quarter by registering a 14.6 percent year-on-year rise in its net profit to Rs 787 crore, sending shares four percent higher.

Net sales grew slightly higher-than-expected by 12.5 percent to Rs 6,367.1 crore from Rs 5,660 crore Y-o-Y.

Analysts on an average had expected FMCG major to report net profit at Rs 761 crore on net sales of Rs 6,317 crore for the quarter.

Operating profit margin went up by 50 basis points Y-o-Y to 15 percent, which too came in above estimates. Analysts were expecting a flat growth in margin.

Meanwhile, the street was surprised by volume growth of 6 percent in March quarter as against forecast of 4-5 percent.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 16.7 percent Y-o-Y to Rs 972 crore for the quarter, which too came in higher than expectations of Rs 914 crore.

Soaps & detergents business of HUL grew 13 percent and domestic FMCG business rose 13 percent in fourth quarter.

HPC business moved up by 12.7 percent while foods business jumped by 15.1 percent during the same period.

Hindustan Unilever has decided to pay a dividend of Rs 6 per share.

At 14:05 hours IST, the stock was up 4.32 percent to Rs 485.25 amid hefty volumes on Bombay Stock Exchange.

Trading volumes increased 7.2 times to 9,47,933 equity shares as compared to its five-day average of 1,31,674 shares.

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