19th July, 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 19th July, 2022
This is further to our letter dated 6th July, 2022, intimating the date of Board Meeting for consideration of Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2022.
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 30th June, 2022.
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.
This is to further inform that Board of Directors in its meeting held today, based on the recommendation of Nomination and Remuneration Committee, approved appointment of Mr. Yogesh Mishra, presently Vice President, Supply Chain for Beauty & Personal Care business for South Asia as a Member of Management Committee of the Company designated as Executive Director, Supply Chain with effect from 1st September, 2022.
This is to further inform that Mr. Wilhelmus Uijen (Willem Uijen) (DIN: 08614686), presently Executive Director, Supply Chain has been elevated to a global role in Unilever, consequent to which he shall step down as Whole-time Director and Member of Management Committee of the Company with effect from 31st August, 2022. A Press Release issued in this regard is also
attached herewith. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are hereby enclosing the copy of the letter received from Mr. Wilhelmus Uijen for reference.
Please take the above information on record.
Thanking You.
Yours faithfully,
For Hindustan Unilever Limited
DEVOPAM NARENDRA BAJPAI
Digitally signed by DEVOPAM NARENDRA BAJPAI
Date: 2022.07.19 16:51:38 +05'30'
Dev Bajpai
Executive Director, Legal & Corporate Affairs
and Company Secretary
DIN : 00050516 / Membership No. F3354
Encl: as above
B S R & Co. LLP
Chartered Accountants
14th Floor, Central B Wing and North C Wing, | Telephone: | +91 22 6257 1000 |
Nesco IT Park 4, Nesco Center, | Fax: | +91 22 6257 1010 |
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 30 June 2022 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
- We have reviewed the accompanying Statement of unaudited standalone financial results of Hindustan Unilever Limited ("the Company") for the quarter ended 30 June 2022 ("the Statement").
- 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.
- 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.
- Attention is drawn to the fact that the figures for the three months ended 31 March 2022 as reported in these unaudited standalone financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.
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 |
B S R & Co. LLP
5. 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: 2022.07.19 16:31:48 +05'30'
Aniruddha Godbole | |
Partner | |
Mumbai | Membership No.: 105149 |
19 July 2022 | UDIN:22105149ANEPXH6401 |
STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2022
(Rs in Crores) | ||||||
Unaudited Results for the | Audited Results for the | |||||
quarter ended | Particulars | quarter ended | year ended | |||
30th June | 31st March | 31st March | ||||
2022 | 2021 | 2022 | 2022 | |||
Revenue from operations | 13,190 | 50,336 | ||||
14,016 | 11,730 | Sale of products | ||||
256 | 185 | Other operating revenue | 272 | 857 | ||
137 | 67 | Other income | 122 | 393 | ||
14,409 | 11,982 | TOTAL INCOME | 13,584 | 51,586 | ||
4,719 | 3,551 | EXPENSES | 4,351 | 15,869 | ||
Cost of materials consumed | ||||||
2,930 | 2,223 | Purchases of Stock-in-Trade | 2,489 | 9,274 | ||
(135) | 131 | Changes in inventories of finished goods, work-in-progress and Stock-in- | (48) | (19) | ||
Trade | ||||||
597 | 618 | 542 | 2,399 | |||
Employee benefits expense | ||||||
26 | 11 | Finance costs | 36 | 98 | ||
260 | 244 | Depreciation and amortisation expense | 261 | 1,025 | ||
1,328 | 1,024 | Other expenses | 1,290 | 4,718 | ||
Advertising and promotion | ||||||
1,586 | 1,521 | Others | 1,593 | 6,449 | ||
11,311 | 9,323 | TOTAL EXPENSES | 10,514 | 39,813 | ||
3,098 | 2,659 | Profit before exceptional items and tax | 3,070 | 11,773 | ||
(12) | (26) | Exceptional items [net credit/ (charge)] | 58 | (34) | ||
3,086 | 2,633 | Profit before tax | 3,128 | 11,739 | ||
(760) | (540) | Tax expenses | (762) | (2,778) | ||
Current tax | ||||||
(37) | (32) | Deferred tax credit/(charge) | (39) | (143) | ||
2,289 | 2,061 | PROFIT FOR THE PERIOD (A) | 2,327 | 8,818 | ||
OTHER COMPREHENSIVE INCOME | ||||||
9 | 2 | Items that will not be reclassified subsequently to profit or loss | 36 | 41 | ||
Remeasurements of the net defined benefit plans | ||||||
(2) | (0) | Tax on above | (9) | (10) | ||
(7) | (0) | Items that will be reclassified subsequently to profit or loss | 0 | (1) | ||
Fair value of debt instruments through other comprehensive income | ||||||
2 | 0 | Tax on above | 0 | 0 | ||
31 | 3 | Fair value of cash flow hedges through other comprehensive income | 33 | |||
85 | ||||||
2 | 4 | Tax on above | (3) | (0) | ||
35 | 9 | OTHER COMPREHENSIVE INCOME FOR THE PERIOD (B) | 57 | 115 | ||
2,324 | 2,070 | TOTAL COMPREHENSIVE INCOME FOR THE PERIOD (A+B) | 2,384 | 8,933 | ||
235 | 235 | Paid up Equity Share Capital (Face value Re. 1 per share) | 235 | 235 | ||
Other Equity | 48,525 | |||||
Earnings per equity share (Face value of Re. 1 each) | ||||||
9.90 | 37.53 | |||||
9.74 | 8.77 | Basic (in Rs.) | ||||
9.74 | 8.77 | Diluted (in Rs.) | 9.90 | 37.53 | ||
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Hindustan Unilever Limited published this content on 19 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2022 13:13:01 UTC.