28 June 2024 Punjab Khabarnama : Hindustan Unilever’s annual report for FY24 highlights its key areas of focus for sustainable growth. The company is dedicated to expanding its distribution reach, with 9 million retail touch-points and 3 million direct-reach. It is also investing in digital initiatives, with 10 brand websites covering over 19,000 pin codes in India. The company is increasing its presence in the alternate channel, with ecommerce and MT combined accounting for approximately 30% of sales compared to 20% in FY20. Additionally, the Shikhar app, which serves the B2B market, now reaches 1.3 million retail outlets. Despite facing macro challenges in the past two years, HUVR remains committed to capital efficiency. The company has received a tax refund of INR 31.5 billion for FY21 and FY22. Its cash flow from operations, adjusted for tax, increased by 23% YoY to INR 123 billion, with a two-year CAGR of 17%. Free cash flow also increased by 21% YoY to INR 109 billion, with a two-year CAGR of 17%, driven by improved working capital efficiency.
