HUL Shareholders To Receive Final Dividend of Rs. 13 Per Share

The board of directors of FMCG major Hindustan Unilever (HUL) has recommended to pay final dividend of Rs 13 per share to company’s shareholders. With this, the total dividend for the year ending on March 2019 works out to be Rs 22 per share. The interim dividend of Rs 9 per share was declared for the September quarter (Q2) of FY19. The face value of the HUL share was split to Rs 1 from Rs 10 in 2000.

HUL registered 14 per cent 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 during the period under consideration (Q4FY19), increased by 9 percent to Rs 9,945 crore against Rs 9,097 crore.

Sanjiv Mehta, Chairman and MD 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."

The company's domestic consumer business growth stood at 9 per cent, 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 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 earnings before interest and taxes (EBIT) rose 21.1 percent at Rs 619 crore.