CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2024

(Rs in Crores)
Audited Results for Unaudited Results for Audited Results for the
the quarter ended the quarter ended Particulars year ended
31st March 31st December 31st March
2024 2023 2023 2024 2023
Revenue from operations
15,013 14,926 15,259 Sale of products 60,852 59,443
28 27 35 Sale of services 114 106
169 262 273 Other operating revenue 930 1,031
231 160 214 Other income 811 512
15,441 15,375 15,781 TOTAL INCOME 62,707 61,092
EXPENSES
4,611 4,908 5,027 Cost of materials consumed 19,257 20,212
2,568 2,797 2,667 Purchases of stock-in-trade 10,514 11,579
78 42 (215) Changes in inventories of finished goods, work-in-progress and Stock-in-Trade (11) (75)
832 738 706 Employee benefits expense 3,009 2,854
105 29 91 Finance costs 334 114
320 291 313 Depreciation and amortisation expense 1,216 1,137
Other expenses
1,616 1,311 1,626 Advertising and promotion 6,489 4,907
1,970 1,846 2,090 Others 7,975 6,955
12,100 11,962 12,305 TOTAL EXPENSES 48,783 47,683

3,341 3,413 3,476 Profit before exceptional items and tax and before share of equity accounted investee 13,924 13,409
0 (1) (1) Share of loss of equity accounted investee, net of tax (4) (1)
3,341 3,412 3,475 Profit before exceptional items and tax 13,920 13,408
78 80 (30) Exceptional items [net credit/ (charge)] 6 (64)
3,419 3,492 3,445 Profit before tax 13,926 13,344
Tax expenses
(870) (832) (898) Current tax (3,521) (3,001)
12 (59) (39) Deferred tax credit/(charge) (123) (200)
2,561 2,601 2,508 PROFIT FOR THE PERIOD (A) 10,282 10,143

OTHER COMPREHENSIVE INCOME

Items that will not be reclassified subsequently to profit or loss
15 (45) 2 Remeasurements of the net defined benefit plans 36 (17)
(4) 11 (0) Tax on above (9) 4

Items that will be reclassified subsequently to profit or loss

2 0 (1) Fair value of debt instruments through other comprehensive income 2 (1)
(0) 0 0 Tax on above (0) 0

4 (6) (9) Fair value of cash flow hedges through other comprehensive income (1) (21)
(2) 1 1 Tax on above (3) 9

15 (39) (7) OTHER COMPREHENSIVE INCOME FOR THE PERIOD (B) 25 (26)

2,576 2,562 2,501 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD (A+B) 10,307 10,117

Net Profit attributable to

2,558 2,600 2,509 a) Owners of the Holding Company 10,277 10,120
3 1 (1) b) Non-controlling interest 5 23

Other comprehensive income attributable to

15 (39) (7) a) Owners of the Holding Company 25 (26)
0 0 - b) Non-controlling interest 0 0

Total comprehensive income attributable to

2,573 2,561 2,502 a) Owners of the Holding Company 10,302 10,094
3 1 (1) b) Non-controlling interest 5 23

235 235 235 Paid up Equity Share Capital (Face value of Re. 1 per share) 235 235
50,983 Other Equity 50,983 50,069

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

10.89 11.06 10.68 Basic (in Rs.) 43.74 43.07
10.89 11.06 10.68 Diluted (in Rs.) 43.74 43.07

Note: During the quarter, there is no separate major line of business that is required to be reported as a discontinued operation. In order to enhance inter-period comparability of information, the Group has
reclassified the comparative information for discontinued operation on the same basis.

#
 CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES

Audited Results for Unaudited Results Audited Results for the

the quarter ended for the quarter ended year ended
Particulars
31st March 31st December 31st March
2024 2023 2023 2024 2023

Segment Revenue (Sales and Other operating income)

5,709 5,637 5,444 - Home Care 21,882 21,223
5,125 5,257 5,782 - Beauty & Personal Care 22,448 22,022
3,910 3,794 3,733 - Foods & Refreshment 15,291 14,876
466 527 608 - Others (includes Exports, Consignment, etc.) 2,275 2,459
15,210 15,215 15,567 Total Segment Revenue 61,896 60,580

Segment Results
1,111 1,072 989 - Home Care 4,127 3,913
1,291 1,365 1,465 - Beauty & Personal Care 5,810 5,647
739 679 711 - Foods & Refreshment 2,851 2,662
74 167 188 - Others (includes Exports, Consignment, etc.) 659 790
3,215 3,283 3,353 Total Segment Results 13,447 13,012
- (1) (1) Add/(Less): Share of loss of equity accounted investee, net of tax (4) (1)
78 80 (30) Add/(Less): Exceptional Items [net credit/(charge)] 6 (64)
(105) (29) (91) Less: Finance Costs (334) (114)
231 160 214 Add: Other Income 811 512
3,419 3,493 3,445 Total Profit Before Tax 13,926 13,345

Segment Assets
5,016 4,785 4,809 - Home Care 5,016 4,785
7,514 7,140 7,282 - Beauty & Personal Care 7,514 7,140
50,666 50,299 50,032 - Foods & Refreshment 50,666 50,299
1,126 1,435 1,265 - Others (includes Exports, Consignment, etc.) 1,126 1,435
14,177 9,428 13,687 - Unallocable corporate assets 14,177 9,428
78,499 73,087 77,075 Total Assets 78,499 73,087

Segment Liabilities
5,203 4,075 4,808 - Home Care 5,203 4,075
5,833 6,117 6,831 - Beauty & Personal Care 5,833 6,117
3,734 3,131 3,772 - Foods & Refreshment 3,734 3,131
440 722 563 - Others (includes Exports, Consignment, etc.) 440 722
11,866 8,520 12,237 - Unallocable corporate liabilities 11,866 8,520
27,076 22,565 28,211 Total Liabilities 27,076 22,565

Notes:

1. Segment Revenue, Results, Assets and Liabilities represent amounts identifiable to each of the segments. Other Income mainly includes interest income,
dividend income and income from current investments (net).
Segment Assets and Segment Liabilities are as at 31st March 2024, 31st December 2023, and 31st March 2023. Unallocable corporate assets less
Unallocable corporate liabilities mainly represent investment of surplus funds, cash and bank balances and tax assets and liabilities.

2. The figures of the last quarter in each of the years is the balancing figure between audited figures in respect of full financial year and the limited reviewed
published year to date figures up to the third quarter of the respective financial year.

Registered Office : Unilever House, B.D. Sawant Marg, Chakala, Andheri East, Mumbai 400 099.
CIN : L15140MH1933PLC002030. Tel : +91 (22) 5043 3000.
Email: [email protected]

#
 CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH, 2024
(Rs in Crores)
Audited
Statement of Assets and Liabilities As at As at
31st March, 2024 31st March, 2023

A ASSETS

1 Non-current assets
Property, plant and equipment 8,031 6,949
Capital work-in-progress 1,025 1,132
Goodwill 17,466 17,466
Other intangible assets 28,247 28,263
Investments accounted for using the equity method 65 69
Financial assets
- Investments 2 2
- Loans 102 98
- Other financial assets 760 725
Deferred tax assets 10 10
Non-current tax assets (net) 1,175 1,164
Other non-current assets 292 211
Total Non-current assets 57,175 56,089

2 Current assets
Inventories 4,022 4,251
Financial assets
- Investments 4,558 2,811
- Trade receivables 2,997 3,079
- Cash and cash equivalents 825 714
- Bank balances other than cash and cash equivalents mentioned above 6,734 3,964
- Loans 38 36
- Other financial assets 1,425 1,386
Other current assets 713 745
Assets held for sale 12 12
Total - Current assets 21,324 16,998

TOTAL - ASSETS 78,499 73,087

B EQUITY AND LIABILITIES

1 EQUITY
Equity share capital 235 235
Other equity 50,983 50,069
Non-controlling interests 205 218
Total - Equity 51,423 50,522

2 LIABILITIES
Non-current liabilities
Financial liabilities
- Lease liabilities 1,106 807
- Other financial liabilities 718 860
Provisions 1,576 1,363
Deferred tax liabilities 6,557 6,421
Non-current tax liabilities (net) 4,243 1,086
Total - Non-current liabilities 14,200 10,537

Current liabilities
Financial liabilities
- Borrowings 13 98
- Lease liabilities 365 314
- Trade payables
total outstanding dues of micro enterprises and small enterprises 250 100
total outstanding dues of creditors other than micro enterprises and small enterprises 10,236 9,474
- Other financial liabilities 865 889
Other current liabilities 807 764
Provisions 340 389
Total - Current liabilities 12,876 12,028

TOTAL - EQUITY AND LIABILITIES 78,499 73,087

Note: During the year, with a view to refining the presentation of goodwill, the Group has combined presentation of ‘Goodwill on consolidation’ and ‘Goodwill’. In order to
enhance inter-period comparability of information, the Group has reclassified the comparative information on the same basis
 AUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024
(Rs in Crores)
Year ended Year ended
31st March, 2024 31st March, 2023
A CASH FLOWS FROM OPERATING ACTIVITIES:
Profit before tax 13,926 13,345
Adjustments for:
Depreciation and amortisation expenses 1,216 1,152
Loss / (Profit) on sale of property, plant and equipment 18 (100)
Contingent Consideration true up for business combination - (2)
Fair value gain on financial liability on acquisition (132) -
Finance income (546) (411)
Dividend income (3) (2)
Other non operating income - Fair value gain on investments (249) (99)
Interest expense 317 114
Movement in provision towards litigation (159) -
Provision for expenses on employee stock options - 1
Profit on sale of brand rights - (60)
Payment from Retirement Benefit Scheme Reserve (1) (1)
Share of loss of joint venture 4 1
Transaction cost from acquisition - 2
Inventory written off net of Provision/(write back) for Inventory 167 184
Bad debts/assets written off net of Provision/(write back) (11) (27)
Mark-to-market gain on derivative financial instruments (10) (8)
Cash Generated from operations before working capital changes 14,537 14,089

Adjustments for:
(Increase)/decrease in Non-Current assets (30) (14)
(Increase)/decrease in Current Assets 220 (1,111)
(Increase)/decrease in Inventories 74 (339)
Increase/(decrease) in Non-Current Liabilities 128 (116)
Increase/(decrease) in Current Liabilities 921 620
Cash flows generated from operations 15,850 13,129
Taxes paid, net of refunds (381) (3,138)
Net cash flows generated from operating activities - [A] 15,469 9,991

B CASH FLOWS FROM INVESTING ACTIVITIES:

Purchase of property, plant and equipment (1,468) (1,174)
Sale proceeds of property, plant and equipment 20 121
Purchase of intangible assets (9) (18)
Sale proceeds of intangible assets (brand rights) - 60
Investment in subsidiary - (264)
Transaction cost on acquisition - (2)
Investment in joint venture - (70)
Contingent consideration paid on business combination (4) (40)
Purchase of current investments (21,337) (22,649)
Sale proceeds of current investments 19,846 23,462
Loans repaid by / (given to) others 1 (1)
Investment in term deposits (having original maturity of more than 3 months) (9,170) (3,668)
Redemption/maturity of term deposits (having original maturity of more than 3 months 6,369 2,488
Interest received 425 259
Dividend received from others 3 2
Net cash flows used in investing activities - [B] (5,324) (1,494)

C CASH FLOWS FROM FINANCING ACTIVITIES:

Dividends paid (9,416) (8,474)
Amount taken for short term purpose 0 286
Repayment of amount taken for short term purpose (85) (201)
Borrowings repaid - (7)
Principal payment of lease liabilities (423) (467)
Interest paid on lease liabilities (106) (84)
Interest paid other than on lease liabilities (4) (4)
Employee stock options paid - (2)
Proceeds from share allotment under employee stock options/ performance share -
Net cash flows used in financing activities - [C] (10,034) (8,953)

Net increase/ (decrease) in cash and cash equivalents - [A+B+C] 111 (456)
Add: Cash and cash equivalents at the beginning of the year 701 1,147
Add: Cash acquired under Business Combination - 10
Cash and cash equivalents at the end of the year 812 701

Components of cash and cash equivalents

Cash and cash equivalents as per Consolidated Balance Sheet 825 714
Less: Bank overdraft (13) (13)
Cash and cash equivalents for Consolidated Statement of Cash Flows 812 701

Note: The above Consolidated Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in Ind AS 7, 'Statement of
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