Hindustan Unilever Ltd (HUL) has reported a six per cent decline in standalone net profit for the fourth quarter of the financial year 2023-24 (Q4 FY24). The company’s net profit stood at Rs 2,406 crore, down from Rs 2,552 crore reported during the same period last year.
However, there was a positive trajectory in the company’s total income, which rose to Rs 15,441 crore in Q4, according to an exchange filing on BSE.
For the entire financial year 2023-24, HUL’s consolidated net profit saw a marginal increase of 1.5 per cent, reaching Rs 10,277 crore compared to Rs 10,120 crore reported at the end of the previous year.
Consolidated total income for the company for FY24 amounted to Rs 62,707 crore, marking a 2.64 per cent increase from Rs 61,092 crore reported in FY23. Meanwhile, total expenses for the firm witnessed a 2.3 per cent rise, reaching Rs 48,783 crore from Rs 47,683 crore year-on-year.
HUL also announced a dividend of Rs 24 per share.
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