Hindustan Unilever Q4 results: Net profit of ₹2,558 crore; ₹24 dividend declared
Hindustan Unilever, the Indian arm of UK’s Unilever, posted a bigger-than-expected fall in fourth-quarter profit on Wednesday, as consumers cut back on spending amid sticky food inflation, while stiff competition hurt demand.
The company, whose brands include Dove, Cif and Cornetto, said its profit fell to 24.06 billion rupees ($288.9 million) in the three months ended March 31, from 25.52 billion rupees a year earlier.
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Analysts, on average, had expected profit of 24.44 billion rupees, according to data from LSEG.
