Unilever Reports Robust Growth

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Unilever Reports Robust Growth

August 29: Unilever Nepal Limited has reported revenue collection of Rs 4442 million in the last fiscal year and a net profit of Rs 965 million for the same period. This translates to a turnover growth of 13% which is driven primarily through volume growth, the company said in a statement.

The growth was achieved despite of the challenges of factory lock-out for two-and-a-half months, non-arrival of summer adversely impacting sales of soaps and various other market disruptions in the last few months, the company said. However, the growth has been broad based across all categories and mainly led by skin care and hair care giving a positive mix.

“On a continued basis, this year the company has delivered an intrinsic net profit margin of 24% against a 3-year average of 20% and an intrinsic EBITDA margin of 30% against a 3-year average of 26%. This is a significant improvement and the company is confident of sustaining this profitability,” reads the statement highlighting the company’s year-end report approved by the Board of Directors in mid-July.

The company said it has focused heavily on distributor infrastructure by leveraging on world class technology. All these actions are supposed to drive sustainable growth, the statement further said.

The Board of Directors have recommended a dividend of Rs 1100 per share on Equity Shares of Rs 100/- each. This year, the company is also celebrating its 25th year in Nepal. On this special occasion, the board has also recommended an additional special dividend of Rs 170 per share to commemorate the occasion.

The company’s MD Suyash Chauhan said, "This has been a strong come-back year with profitable volume driven growth. In a challenging year, we delivered a resilient performance by managing our business dynamically and responding with various internal and external challenges. We remain optimistic about the future of country and outlook for our business. We are committed to drive our purpose of creating a ‘Swastha’ and ‘Saksham’ Nepal through our business and brands.”Anchor

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