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Hindustan Unilever net profit soars in Q2 2018-19; stock rises as well


Devdiscourse News Desk newdelhi India
Updated: 12-10-2018 20:17 IST
Hindustan Unilever net profit soars in Q2 2018-19; stock rises as well

The company had posted a net profit of Rs 1,276 crore during the same period of the previous fiscal. (Image Credit: Twitter)

FMCG major Hindustan Unilever Ltd (HUL) Friday reported a 19.51 per cent increase in net profit to Rs 1,525 crore for the quarter ended September 30, 2018.

The company had posted a net profit of Rs 1,276 crore during the same period of the previous fiscal.

Sales during the quarter under review stood at Rs 9,138 crore as against Rs 8,199 crore in the year-ago period, up 11.45 per cent, HUL said in a regulatory filing.

The company's board has declared an interim dividend of Rs 9 per share of face value Re 1 each for the financial year ending March 31, 2019.

Shares of HUL settled 2.63 per cent higher at Rs 1,568.65 apiece on the BSE.

(With inputs from agencies.)

COUNTRY : India

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