For Quick Alerts
For Daily Alerts

HUL Q4 Profit Falls 1% On Lower Sales Volume; Recommends Dividend

By Staff

On Thursday, Hindustan Unilever Limited (HUL) reported a 1.2 percent decline in standalone profit to Rs 1,519 crore for the March-ended quarter from Rs 1,538 crore in the same period last year.

Revenue from operations in for the quarter under review fell by 9.4 percent on a year-on-year basis to Rs 9,011 crore due to decline in sales volumes due to the lockdown imposed to curb the spread of coronavirus pandemic.

HUL Q4 Profit Falls 1% On Lower Sales Volume; Recommends Dividend
Hindustan Unilever: Quotes, News
BSE 2195.70BSE Quote36.4 (-1.66%)
NSE 2195.00NSE Quote36.75 (-1.67%)

"The spread of COVID 19 impacted the business from mid-March, which culminated into scaling down of operations post the national lockdown. Domestic Consumer Growth declined by 9% with a decline of 7% in Underlying Volume Growth. Reported EBITDA margin reduced by 40 bps (160 bps reduction on comparable basis after adjusting for accounting impact of Ind AS 116). Profit after tax (PAT) was lower by 1%. In this challenging economic context, HUL performance has been competitive with corporate market share gains," HUL said in a statement.

The FMCG also said that its board has recommended a final dividend of Rs 14 for the financial year ended March 2020 on equity shares of one rupee each. "The Company had earlier paid an interim dividend of Rs. 11/- per share on November 05, 2019. The total dividend for the said period amounts to Rs. 25/- per Equity Share of face value of Re. 1/- each," it said.

Read more about: hul hindustan unilever dividend
Story first published: Thursday, April 30, 2020, 17:51 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more