The company's board has recommended a final dividend of ₹22 for the financial year ended 31st March 2023, on equity shares of Re 1/- each. It earlier paid an interim dividend of ₹17/- per share on 17th November 2022. Thus, the total dividend for the said period amounts to ₹39/- per equity share.

For the whole financial year ending March 31, 2023, the company’s turnover was ₹58,154 crore against the turnover of ₹50,336 crore for the financial year ended March 31, 2022.

The profit for FY23 stood at ₹9,962 crore as compared to ₹8,818 crore in the previous year, while EPS at ₹42 per share was up 13%.

In the company's FY24 guidance, the HUL CEO said the near-term operating environment is likely to remain “volatile”. With inflation easing due to the lapping of high base and sequential softening in a few commodities, price and volume growths will rebalance, he said.

"Market volumes will recover gradually as consumption habits readjust. We remain focused on managing our business with agility and growing our consumer franchise whilst maintaining margins in a healthy range. We stay confident of the medium to long-term potential of the Indian FMCG sector and HUL’s ability to deliver consistent, competitive, profitable and responsible growth," he said.

Among different segments, home care saw better performance with 19% revenue growth. "Both fabric wash and household care grew in strong double digits. The premium portfolio continued to outperform driven by effective market development actions," said the company.

In beauty & personal care, the company saw broad-based double-digit growth at 10% as skin cleansing delivered double-digit growth led by Lux, and with softening in palm oil, further price reductions were taken in the soap portfolio. In foods and refreshments, 3% growth was seen, with tea strengthening its value and volume market leadership.

The HUL stock is down 1.6% at ₹2,470.75 crore today as compared to the previous session close of ₹2,510.8 on the BSE.

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