FMCG major Hindustan Unilever (HUL) on Monday announced its quarterly results for the fourth quarter ended March 2016. The FMCG major reported 7 per cent rise in net profit figures at Rs 1089.59 crore for the quarter under review against Rs 1018.08 crore in the corresponding quarter a year ago.
Analysts polled by Thomson Reuters estimated a profit of Rs 1,078 crore on average.
Total income from operations (net) of HUL jumped 3.52 per cent year-on-year (yoy) at Rs 7945.66 crore.
The board of HUL also recommended a final dividend of Rs 9.50 per share of Re 1 each for the financial year ended March 2016. Together with the interim dividnd of Rs 6.50 per share paid on November 2, 2015, the total dividend for the financial year ended March 31, 2016 works out to be Rs 16 per share for Re 1. Final dividend will be paid on or after July 5, 2016.
During the quarter, the domestic consumer business grew at 4 per cent, with 4 per cent underlying volume growth. Growth in the quarter was impacted by the phsing out of Excise Dury incentives, a one-time credit for excise duty refund in the base quarter and marginal price de-growth.