The Indian arm of UK’s Unilever, Hindustan Unilever, announced on 24 April a 6% year-on-year decline in standalone net profit to Rs 2,406 crore for the fourth quarter of the fiscal year from Rs 2,552 crore in the same period last year.

Although revenue from a vital sector—beauty and personal care—declined by 2.7%, Hindustan Unilever’s fourth-quarter sales grew marginally to Rs 14,693 crore. 

A final dividend of Rs 24 per share for FY24 was declared by HUL on equity shares having a face value of Rs 1 each. 

Earlier, the company had paid out an interim dividend of Rs 18 per share on 16 November 2023 to shareholders, taking the total dividend for the fiscal year 2024 to Rs 42 per share. 

Rohit Jawa, CEO and Managing Director, said, “In FY24 we delivered a resilient performance with 3% USG and crossed Rs 10,000 crores Net Profit mark. We remain focused on driving operational excellence and have continued to build back our gross margins whilst stepping up investment in brands and long-term capabilities. Looking forward, I am optimistic that consumer demand will gradually improve due to a normal monsoon and better macro-economic indicators.”

With products like Surf Excel and Comfort, the company’s largest homecare division saw mid-single-digit percentage volume increase driven by Vim liquid’s superior performance.