HUL Q4 PAT jumps 14% to Rs 1,538 cr; company declares dividend of Rs 13

Hindustan Unilever Ltd

FMCG major Hindustan Unilever (HUL) has registered 14 percent jump in its March quarter (Q4FY19) net profit at Rs 1,538 crore against Rs 1,351 crore in the same quarter last fiscal.

Revenue of the company increased by 9 percent to Rs 9,945 crore against Rs 9,097 crore.

The company’s domestic consumer business growth stood at 9 percent, while underlying volume growth was at 7 percent.

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 13 percent at Rs 2,321 crore, while margin was at 23.3 percent.

The board of directors recommended a final dividend of Rs 13 per share for the financial year ended March 2019.

The company has reported a one-time cost of Rs 71 crore payable with respect to acquisition and restructuring cost.

Profit before the exceptional item stood at Rs 1,590 crore.

The home care revenue was up 13 percent at Rs 3,502 crore, while home care EBIT rose 21.1 percent at Rs 619 crore.
Sanjiv Mehta, Chairman and Managing Director said, “We have delivered a strong performance for the quarter despite some moderation in rural market growth. Our focus on strengthening the core and leading market development has been consistently delivering good results.”

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