HUL Announces Quarterly Results (4QFY20); Net Profit Down 1.2%

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HUL Announces Quarterly Results (4QFY20); Net Profit Down 1.2%
Mon, 4 May

HUL has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

HUL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m99,45098,08090,110-8.1%-9.4%
Other incomeRs m1,1801,4002,66090.0%125.4%
TurnoverRs m100,63099,48092,770-6.7%-7.8%
ExpensesRs m76,24073,63069,460-5.7%-8.9%
Gross profitRs m22,50023,46020,070-14.5%-10.8%
DepreciationRs m1,3402,3202,5509.9%90.3%
InterestRs m702502604.0%271.4%
Profit before taxRs m22,27022,29019,920-10.6%-10.6%
TaxRs m6,8906,1304,730-22.8%-31.3%
Profit after taxRs m15,38016,16015,190-6.0%-1.2%
Gross profit margin%22.623.922.3
Effective tax rate%30.927.523.7
Net profit margin%15.316.216.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 9.4% on a year-on-year (YoY) basis. The expenses were down by 8.9% YoY during the same period.
  • The company's operating profit declined by 10.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.3% in 4QFY20 as against 22.6% in 4QFY19.
  • Depreciation charges increased by 90.3% and finance costs increased by 271.4% YoY, respectively.
  • Other income increased by 125.4% YoY during the quarter.
  • Net profit for the quarter declined by 1.2% YoY. Net profit margins during the quarter increased from 15.3% in 4QFY19 to 16.4% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.7% QoQ during the same period.
  • The company's operating profit declined by 14.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.3% in 4QFY20 as against 23.9% in 3QFY19.
  • Net profit for the quarter declined by 6.0% QoQ, while net profit margins increased from 16.2% in 3QFY19 to 16.4% in 4QFY20.

To see how HUL has performed over the last eight quarters,please visit here.

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HUL Share Price Performance

Over the last one year,HUL share price has moved up from Rs 1,692.8 to Rs 2,090.3, registering a Gain of Rs 397.5 or around 23.5%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 10,406.1 (down 3.4%). Over the last one year it has moved down from 11,593.8 to 10,406.1, a loss of 1,188 points (down 10.2%).

Overall, the S&P BSE SENSEX is down 17.9% over the year.

Current Valuations

At the current price of Rs 2,090.3, the price to earnings (P/E) ratio of HUL stands at 67.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 57.5 times.

Equitymaster requests your view! Post a comment on "HUL Announces Quarterly Results (4QFY20); Net Profit Down 1.2%". Click here!

1 Responses to "HUL Announces Quarterly Results (4QFY20); Net Profit Down 1.2%"

parimal shah

May 9, 2020

What is the ideal price to earnings (P/E) ratio and price to book value (P/BV) ratio for FMCG company?

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