HUL - Q4 and annual Result First Cut - Microsec Research

Hindustan Unilever announced its Q4 FY12 and Annual results on 01 May 2012. The company's Net sales increased by 16% YOY to INR5660 crore and EBITDA increased by 30% to INR833 crore. EBITDA Margin of the company improved to 14.5% from 12.9% YOY. PAT Ex EO increased by 36% YOY to INR659 crore. PAT including EO increased by 21% YOY to INR687 crore. Volume growth came at 10% % Vs14% yoy. PAT was above expectation (i.e. 649 crore)

On a Yearly basis, its consolidated net sales increased by 17% to INR22988 crore and Adjusted PAT increased by 29% to INR2686 crore. EBITDA margin improved from 13.5% to 14.9%. We maintain our target price of INR500 for the Stock.

Source : Equity Bulls

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