HUL Net Profit Up 7% In Apr-June; Announces Special Dividend Of Rs 9.5

On Tuesday, beating COVID-19 odds, Hindustan Unilever Limited (HUL) reported a 7.18 percent increase in net profit for the June-ended quarter when compared to a profit of Rs 1,755 crore in the corresponding quarter last year.

Total sales grew by 4 percent during the quarter. Underlying domestic consumer business sales (excluding the impact of the business merger of GSK CH India with HUL) impacted by COVID-19 disruptions declined by 7 percent in the quarter.

Revenue of the company rose 4.23 percent to Rs 10,406 crore during the quarter from the same period a year ago. HUL also witnessed an exceptional loss of Rs 118 crore the June quarter against gains of Rs 7 crore in the same period last year.

Its health, hygiene and nutrition, that constitutes around 80 percent of the portfolio, delivered healthy mid-single-digit domestic consumer growth.

The FMCG giant also declared an interim (special) dividend of Rs 9.50 per equity share of face value of one rupee each for the financial year ending 31 March 2021.

"The record date for the purpose of determining the entitlement of the shareholders for the interim (special) dividend has been fixed as Friday, 31st July, 2020, and dividend will be paid to the shareholders on or after Monday, 17th August, 2020," the company's statement added.

Shares of HUL closed 0.48 percent lower at Rs 2,319.10 ahead of the results.