Friday, May 1, 2020

HUL posts muted numbers

HUL: HUL is the most valuable FMCG co. Here are five reasons why ...

FMCG major Hindustan Unilever has posted a 3.56 per cent year-on-year  decline in its consolidated net profit at Rs 1,515 crore for the quarter ended March 2020. 

The company had posted profit of Rs 1,571 crore in the year-ago period. On a standalone basis, profit came in at Rs 1,519 crore, down 1.23 per cent against Rs 1,538 crore in the corresponding quarter of the previous fiscal.

Revenue from operations  stood at Rs 9,055 crore, down nearly 10 per cent against Rs 10,018 crore in the year-ago quarter. 

The company has recommended a final dividend of Rs 14 for the financial year ended March 31, 2020 on equity shares of Re 1 each.

HUL closed at Rs 2205, down one percent in Thursday's trade. 

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