Hindustan Unilever Ltd.(HUL) Earning Call for Q4FY20 and Full Year

#5paisaAir presents earning call details of Hindustan Unilever Ltd. (HUL), India's largest FMCG firm for the quarter ended 31 March & full year.
The company has reported a decline in its fiscal fourth quarter profitability and volumes because of the covid-19 pandemic. The company posted a net profit of ₹1,519 crore for the quarter ended 31 March, down 1.2% year-on-year (YoY), while revenue from operations fell 9.4% to ₹9,011 crore. Results missed analysts estimates.

According to the average of estimates of 17 brokerages polled by Bloomberg, the company was seen posting a net profit of ₹1,796.30 crore for January-March, while revenue was seen at ₹10,116.50 crore.

"The spread of covid-19 impacted the business from mid-March, which culminated into scaling down of operations post the national lockdown. Domestic consumer growth declined by 9% with a decline of 7% in underlying volume growth," HUL said in a filing to the stock exchange.

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