Financial performance
We aim to deliver consistent and competitive performance, and drive long-term value creation for our stakeholders
FY 2023-24 has been a year of gradual market recovery post a period of sustained high inflation. Consumption habits recovered with a lag and this combined with uneven monsoons resulted in subdued demand, especially in rural areas.
Against this backdrop, we have delivered a resilient performance. With a turnover of ₹59,579 crores, we delivered an Underlying Sales Growth of 3% and an Underlying Volume Growth of 2%. EBITDA margin at 23.8% was up 40 bps year on year. Our gross margin was up 430 bps year on year, with a substantial part of this being re-invested behind brands and capabilities. Net Profit crossed a milestone of ₹10,000 crores in this fiscal. PAT before exceptional items and EPS grew 4% and 2% respectively.
Ritesh Tiwari
Executive Director, Finance & IT and
Chief Financial Officer
Financial performance highlights
₹ 59,579 Cr
Turnover
23.8%
EBITDA Margin
₹10,114 Cr
Profit After Tax (PAT)
₹43.05
Earnings Per Share (EPS)
₹15,179 Cr
Cash from Operations
₹ 42.00
Dividend Per Share (DPS)
₹5,32,946 Cr
Market Capitalisation
₹59,579 Cr
Turnover
>₹30,000 Cr
added over 10 years
| Year |
Value (₹ Cr)
|
|---|---|
| 2013-14 | 28,947 |
| 2014-15 | 32,086 |
| 2015-16 | 32,929 |
| 2016-17 | 33,895 |
| 2017-18 | 34,619 |
| 2018-19 | 37,660 |
| 2019-20 | 38,273 |
| 2020-21 | 45,311 |
| 2021-22 | 50,336 |
| 2022-23 | 58,154 |
| 2023-24 | 59,579 |
₹14,190 Cr
EBITDA
23.8%
( +40 bps YoY )
| Year |
Value (₹ Cr)
|
(%)
|
|---|---|---|
| 2013-14 | 4,476 | 15.5 |
| 2014-15 | 5,208 | 16.2 |
| 2015-16 | 5,749 | 17.5 |
| 2016-17 | 6,047 | 17.8 |
| 2017-18 | 7,276 | 21.0 |
| 2018-19 | 8,637 | 22.9 |
| 2019-20 | 9,600 | 25.1 |
| 2020-21 | 11,324 | 25.0 |
| 2021-22 | 12,503 | 24.8 |
| 2022-23 | 13,632 | 23.4 |
| 2023-24 | 14,190 | 23.8 |
₹10,114 Cr
crossed ₹10,000 Cr mark
2%
YoY growth
| Year |
Value (₹ Cr)
|
|---|---|
| 2013-14 | 3,867 |
| 2014-15 | 4,315 |
| 2015-16 | 4,137 |
| 2016-17 | 4,490 |
| 2017-18 | 5,237 |
| 2018-19 | 6,036 |
| 2019-20 | 6,738 |
| 2020-21 | 7,954 |
| 2021-22 | 8,818 |
| 2022-23 | 9,962 |
| 2023-24 | 10,114 |
₹15,179 Cr
Cash flow from Operations
20%
YoY growth
| Year |
Value (₹ Cr)
|
|---|---|
| 2013-14 | 5,008 |
| 2014-15 | 5,049 |
| 2015-16 | 5,678 |
| 2016-17 | 6,757 |
| 2017-18 | 8,101 |
| 2018-19 | 8,413 |
| 2019-20 | 9,770 |
| 2020-21 | 11,324 |
| 2021-22 | 11,684 |
| 2022-23 | 12,694 |
| 2023-24 | 15,179 |
₹43.05
Earnings Per Share
2%
YoY growth
| Year |
Value (₹)
|
|---|---|
| 2013-14 | 17.88 |
| 2014-15 | 19.95 |
| 2015-16 | 19.12 |
| 2016-17 | 20.75 |
| 2017-18 | 24.20 |
| 2018-19 | 27.89 |
| 2019-20 | 31.13 |
| 2020-21 | 33.85 |
| 2021-22 | 37.53 |
| 2022-23 | 42.40 |
| 2023-24 | 43.05 |
₹ 42.00
Dividend Per Share
8%
YoY growth
FY 2020-21 - Excludes special dividend
| Year |
Value (₹)
|
|---|---|
| 2013-14 | 13.00 |
| 2014-15 | 15.00 |
| 2015-16 | 16.00 |
| 2016-17 | 17.00 |
| 2017-18 | 20.00 |
| 2018-19 | 22.00 |
| 2019-20 | 25.00 |
| 2020-21 | 31.00 |
| 2021-22 | 34.00 |
| 2022-23 | 39.00 |
| 2023-24 | 42.00 |
₹5,32,946 Cr
Market Capitalisation
4x
Market cap growth in the last decade
Based on year-end closing prices quoted on BSE limited
| Year |
Value (₹ Cr)
|
|---|---|
| 2013-14 | 1,30,551 |
| 2014-15 | 1,88,849 |
| 2015-16 | 1,88,154 |
| 2016-17 | 1,96,902 |
| 2017-18 | 2,89,159 |
| 2018-19 | 3,69,688 |
| 2019-20 | 4,97,514 |
| 2020-21 | 5,71,133 |
| 2021-22 | 4,81,396 |
| 2022-23 | 6,01,202 |
| 2023-24 | 5,32,946 |
Our divisions
Personal Care
Refreshment
