Hindustan Unilever Ltd. (HUL), the Indian subsidiary of Anglo-Dutch FMCG company Unilever, posted 6 percent growth in standalone net profit for the fourth quarter (Q4) at Rs 1,183 crore while revenues grew 6.7 percent to Rs 8,969 crore aided by 8 percent volume growth.
"This has been a strong quarter with a strong, profitable driven volume growth. In a challenging year, we delivered a resilient performance by managing our business dynamically and responding with agility to the changing external environment," Harish Manwani, Chairman, HUL in a statement on Wednesday.
"With gradual improvement in market conditions, we remain optimistic about the medium term outlook for our sector," he added.
The Mumbai-based company's net profit and revenues stood at Rs 1,114 crore and Rs 8,430 crore, respectively, for the corresponding period last year.
For the full year 2016-17, HUL's standalone net profit and revenues came at Rs 4,490 crore and Rs 35,013 crore, repectively as against Rs 4,137 crore and Rs 34,055 crore for the preceding fiscal.
The company declared a final dividend of Rs 10 on every equity share of Re 1 held.
Shares of HUL hit a fresh 52-week high of Rs 1,010 apiece before closing at Rs 1,006 on the BSE on Wednesday.
HUL's competitiors include Dabur, yoga guru Baba Ramadev-backed Patanjali Ayurved, Proctor & Gamble, Colgate-Palmolive and Marico.
