Hindustan Unilever Reports Rs 50,000 Crore Revenues In 12 Months: Becomes 1st Pure FMCG Firm To Achieve This!
Hindustan Unilever, one of India’s leading FMCG, has announced that it achieved an unbelievable Rs 50,000 crore turnover in the last fiscal year.
This has made HUL the first pure FMCG entity to achieve this milestone.
FMCG Hindustan Unilever Achieves Record Turnover Of Rs. 50,000 Crore
The company has released its financial performance for the quarter and the year ending March 31. The profit in the fourth quarter has hiked to Rs. 2,327 crore after tax, which is a rise of 8.6 percent year-on-year surge. Additionally, the revenue during this period went up to Rs. 13,462 crore, marking an increase of 11 percent in comparison with the corresponding quarter in the past fiscal year.
HUL CEO and Managing Director Sanjiv Mehta said, “In challenging circumstances, we have grown competitively and protected our business model by maintaining margins in a healthy range. I am pleased that we have become a Rs 50,000 crore turnover company in this fiscal.”
The profit of the company went up by 10.9 percent- from Rs. 7954 to Rs. 8818 crore during the full-year period from April 2021 to March 2022. Also, the revenues for the entire year increased by 11.3 percent; it was Rs. 45996 crores in FY21, and has gone up to Rs. 51,193 crores.
HUL Hikes Prices Of Products
We have recently reported that FMCG major HUL has taken price hikes in its tea and coffee powder range. Across all packs and variants in the range, Bru coffee will get costlier by 3-7 per cent. Prices for Taj Mahal tea are hiked by 3.7-5.8 per cent across packs and variants.
Across all packs and variants of Brooke Bond 3, there will be a price increase of 1.5-14%. While announcing the rate hikes on the products, HUL said that it was facing inflationary pressures on its products and was able to provide the right price value equation to consumers, as per the reports by CNBC TV-18.
The price hikes come ahead release of the retail inflation data for February 2022.