Hindustan Unilever : Results (PDF 1.16MB)

20th January, 2022

Stock Code BSE: 500696

NSE: HINDUNILVR

ISIN: INE030A01027

BSE Limited,

Corporate Relationship Department, 2nd Floor, New Trading Wing, Rotunda Building, P.J. Towers, Dalal Street,

Mumbai - 400 001

Dear Sir / Madam,

National Stock Exchange of India Ltd Exchange Plaza, 5th Floor,

Plot No. C/1, G Block, Bandra - Kurla Complex, Bandra (E),

Mumbai - 400 051

Sub: Outcome of the Board Meeting held on 20th January, 2022

This is further to our letter dated 4th January, 2022, intimating the date of Board Meeting for consideration of Unaudited Standalone and Consolidated Financial Results for the quarter ended 31st December, 2021.

1. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we would like to inform you that the Board in its meeting held today has approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended 31st December, 2021.
   We attach herewith a copy of the approved Unaudited Standalone and Consolidated Financial Results along with the limited review report of the auditors. A copy of the Press Release issued in this regard is also attached herewith.
   We are arranging to publish these results in the newspapers as per Regulation 47 of Listing Regulations.
2. The Board of Directors in its meeting held today, based on the recommendation of the Nomination and Remuneration Committee have approved the re-appointment of Mr. Dev Bajpai (DIN : 00050516) as a Whole-time Director of the Company, whose term was expiring on 22nd January, 2022 for a further period of five consecutive years or till such time he holds office as a Whole-time Director, whichever is earlier, with effect from 23rd January, 2022, subject to statutory approvals as may be applicable.
   Further, this is to confirm that Mr. Dev Bajpai, is not debarred from holding the office of Whole-time Director pursuant to any SEBI order or any such authority. None of the Directors of the Company are inter-se related to Mr. Dev Bajpai.

Sensitivity: Confidential

Please take the above information on record.

Thanking You.

Yours faithfully,

For Hindustan Unilever Limited

SANJIV SOSHIL MEHTA

Digitally signed by SANJIV SOSHIL MEHTA

Date: 2022.01.20 15:47:05 +05'30'

Sanjiv Mehta

Chairman and Managing Director

DIN : 06699923

Encl: as above

Sensitivity: Confidential

B S R & Co. LLP

Chartered Accountants

14th Floor, Central B Wing and North C Wing,	Telephone: [phone]
Nesco IT Park 4, Nesco Center,	Fax:	[phone]
Western Express Highway, Goregaon (East),
Mumbai - 400 063, India

Limited Review Report on unaudited standalone financial results of Hindustan Unilever Limited for the quarter ended 31 December 2021 and year-to-date results for the period from 1 April 2021 to 31 December 2021 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Hindustan Unilever Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of Hindustan Unilever Limited ("the Company") for the quarter ended 31 December 2021 and year-to- date results for the period from 1 April 2021 to 31 December 2021 ("the Statement").
2. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Our responsibility is to issue a report on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
4. Based on our review conducted as above , nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP

Chartered Accountants

Firm's Registration No.:101248W/W-100022

ANIRUDDHA SHREEKANT GODBOLE

Digitally signed by ANIRUDDHA SHREEKANT GODBOLE

Date: 2022.01.20 15:23:17 +05'30'

	Aniruddha Godbole
	Partner
Mumbai	Membership No.: 105149
20 January 2022	UDIN:22105149AAAAAB9292

	Registered Office:
B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a	14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco
Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013	Center, Western Express Highway, Goregaon (East), Mumbai - 400063

STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2021

						(Rs in Crores)
Unaudited Results for the	Unaudited Results for		Unaudited Results for	Audited Results for the
quarter ended	the quarter ended	Particulars	nine months ended	year ended
31st December	30th September		31st December	31st March
2021	2020	2021		2021	2020	2021
12,900			Revenue from operations	37,146	33,364	45,311
11,682	12,516	Sale of products
192	180	208	Other operating revenue	585	500	685
91	97	113	Other income	271	404	513
13,183	11,959	12,837	TOTAL INCOME	38,002	34,268	46,509
3,875	3,420	4,092	EXPENSES	11,518	11,102	14,951
Cost of materials consumed
2,333	1,887	2,229	Purchases of stock-in-trade	6,785	5,072	7,117
61	152	(163)	Changes in inventories of finished goods (including stock-in-trade) and	29	(253)	(391)
657	556	582	work-in-progress	1,857	1,707	2,229
Employee benefits expenses
25	41	26	Finance costs	62	99	108
255	272	265	Depreciation and amortisation expenses	764	763	1,012
1,189	1,388	1,215	Other expenses	3,428	3,324	4,737
Advertising and promotion
1,698	1,605	1,637	Others	4,856	4,545	6,029
10,093	9,321	9,883	TOTAL EXPENSES	29,299	26,359	35,792
3,090	2,638	2,954	Profit before exceptional items and tax	8,703	7,909	10,717
(66)	(42)	(0)	Exceptional items [net credit/ (charge)]	(92)	(241)	(227)
3,024	2,596	2,954	Profit before tax	8,611	7,668	10,490
(762)	(614)	(714)	Tax expenses	(2,016)	(1,834)	(2,458)
Current tax
(19)	(61)	(53)		(104)		(78)
Deferred tax credit/(charge)	(23)
2,243	1,921	2,187	PROFIT FOR THE PERIOD (A)	6,491	5,811	7,954
			OTHER COMPREHENSIVE INCOME
2	2	1	Items that will not be reclassified subsequently to profit or loss	5	6	(3)
Remeasurements of the net defined benefit plans
(1)	(1)	(0)	Tax on above	(1)	(2)	1
6	(0)	(7)	Items that will be reclassified subsequently to profit or loss	(1)		(0)
Fair value of debt instruments through other comprehensive income	(0)
(2)	0	2	Tax on above	0	0	0
10	21	39		52
Fair value of cash flow hedges through other comprehensive income	53	70
7	(5)	(8)	Tax on above	3	(43)	(47)
22	17	27	OTHER COMPREHENSIVE INCOME FOR THE PERIOD (B)	58	14	21
	1,938	2,214				7,975
2,265	TOTAL COMPREHENSIVE INCOME FOR THE PERIOD (A+B)	6,549	5,825
235	235	235	Paid up Equity Share Capital (Face value Re. 1 per share)	235	235	235
			Other Equity			47,199

Earnings per equity share (Face value of Re. 1 each)

9.55	8.18	9.31	Basic (in Rs.)
9.55	8.18	9.31	Diluted (in Rs.)

27.63	24.73	33.85
27.63	24.73	33.85

STANDALONE SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES

						(Rs in Crores)
Unaudited Results for	Unaudited Results for		Unaudited Results for	Audited Results for
the quarter ended	the quarter ended	Particulars	nine months ended	the year ended
31st December	30th September	31st December	31st March
2021	2020	2021		2021	2020	2021
			Segment Revenue (Sales and Other operating income)
4,193	3,409	3,838	- Home Care	11,828	10,119	13,959
5,175	4,841	5,000	- Beauty & Personal Care	14,748	13,415	17,964
3,466	3,356	3,622	- Foods & Refreshment	10,407	9,693	13,204
258	256	264	- Others (includes Exports, Consignment, etc.)	748	637	869
13,092	11,862	12,724	Total Segment Revenue	37,731	33,864	45,996
			Segment Results	-
864	646	728	- Home Care	2,254	1,961	2,773
1,441	1,413	1,390	- Beauty & Personal Care	4,118	3,875	5,127
646	473	664	- Foods & Refreshment	1,910	1,614	2,189
73	50	85	- Others (includes Exports, Consignment, etc.)	212	154	223
3,024	2,582	2,867	Total Segment Results	8,494	7,604	10,312
(66)	(42)	(0)	Add/(Less): Exceptional Items [net credit/ (charge)]	(92)	(241)	(227)
(25)	(41)	(26)	Less: Finance Costs	(62)	(99)	(108)
91	97	113	Add/(Less): Finance Income and Other unallocable income net of unallocable expenditure	271	404	513
3,024	2,596	2,954	Total Profit Before Tax	8,611	7,668	10,490
				-
			Segment Assets	-
3,393	3,074	3,510	- Home Care	3,393	3,074	3,175
5,467	5,510	5,874	- Beauty & Personal Care	5,467	5,510	5,524
49,389	49,568	49,533	- Foods & Refreshment	49,389	49,568	49,509
464	346	497	- Others (includes Exports, Consignment, etc.)	464	346	466
9,006	7,655	9,141	- Unallocable corporate assets	9,006	7,655	9,442
67,719	66,153	68,555	Total Segment Assets	67,719	66,153	68,116
			Segment Liabilities	-
3,828	3,483	3,431	- Home Care	3,828	3,483	3,404
5,908	5,837	5,570	- Beauty & Personal Care	5,908	5,837	5,535
3,325	3,310	3,451	- Foods & Refreshment	3,325	3,310	3,358
253	176	286	- Others (includes Exports, Consignment, etc.)	253	176	334
8,004	8,043	8,121	- Unallocable corporate liabilities	8,004	8,043	8,051
21,318	20,849	20,859	Total Segment Liabilities	21,318	20,849	20,682

1. Segment Revenue, Results, Assets and Liabilities represent amounts identifiable to each of the segments. "Other unallocable income net of unallocable expenditure" mainly includes interest income, dividend income, income from current investments (net), expenses on common services not directly identifiable to individual segments, corporate expenses, etc.

Segment Assets and Segment Liabilities are as at 31st December 2021, 30th September 2021, 31st March 2021 and 31st December 2020. Unallocable corporate assets, unallocable corporate liabilities mainly represent investment of surplus funds, cash and bank balances and tax assets and liabilities.

Registered Office : Unilever House, B.D. Sawant Marg, Chakala, Andheri East, Mumbai 400 099.

CIN: L15140MH1933PLC002030. Tel : [phone].

Email: [e-mail]