FMCG major Hindustan Unilever ltd on Thursday posted 6.19 per cent increase in standalone net profit to Rs 1,183 crore for the fourth quarter ended March 31, driven by robust sales across various business segments.
The company had posted a standalone net profit of Rs 1,114 crore in the same period previous fiscal, Hindustan Unilever said in a BSE filing.
Total income during the quarter under review stood at Rs 8,969 crore, as against Rs 8,430 crore in the year-ago period, up 6.39 per cent, it added.
“This has been a strong quarter with profitable volume driven growth. In a challenging year, we delivered a resilient performance by managing our business dynamically and responding with agility to the changing external environment,” HUl Chairman Harish Manwani said in a statement.
With gradual improvement in market conditions, the company remains optimistic about the medium term outlook for the FMCG sector, he added.
For the year ended March 31, the company posted a consolidated net profit of Rs 4,490 crore, up 8.16 per cent from Rs 4,151 crore during the previous fiscal.
Total income of the company rose to Rs 36,128 crore as against Rs 35,039 crore in the 2015-16.
The company’s board, which met on Wednesday, recommended a final dividend of Rs 10 per share. Together with the interim dividend of Rs 7 per share, the total dividend for the financial year ending March 31 amounts to Rs 17 per share.