Hindustan Unilever Limited (HUL), India’s leading fast moving consumer goods company, on Monday reported 14.20 per cent growth in net profit of Rs 1,351 crore for the quarter ended March 31, 2018 as compared to Rs 1183 crore in the same period last year, helped by double digit growth in health care and personal care segment.
“Net revenue of the company rose by 11.15 per cent at Rs 9,003 crore in January-March quarter of this fiscal as against Rs 8,100 crore in the corresponding period last year,” HUL said in a filing to the Bombay Stock Exchange.
During January-March quarter, other Income grew by 20.48 per cent to Rs 100 crore versus (Mar'17 Rs 83.00 crore).
Operating Profit surged by 24.05 per cent to Rs 2,048 crore as against Rs 1,651 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.63 per cent in March quarter.
The company in a separate release said that the Board of Directors of the Company has recommended a final dividend of Rs 12 for the financial year ended March 31, 2018 on equity shares of Rs 1 each.
Meanwhile, shares of company closed trade at Rs 1504.95 apiece, down 0.09 per cent, on the BSE on Monday.