Hindustan Unilever Q2 net up at Rs 408 cr

FMCG major Hindustan Unilever Ltd on Monday reported a net profit of Rs 408.06 crore (Rs 4.08 billion) for the quarter ended September 30, while the same was Rs 520.74 crore (Rs 5.21 billion) in the corresponding period last fiscal.

The company's total income stood at Rs 3470.49 crore (Rs 34.70 billion) for the quarter under review, while it was at Rs 3162.82 crore (Rs 31.63 billion) in the same quarter previous year.

The results of the second quarter this year is not comparable with last years' due to amalgamation of Modern Foods (India) and its subsidiary with the company, Hindustan Unilever informed the Bombay Stock Exchange in a filing.

The board at its meeting convened on Wednesday also decided to pay a platinum jubilee dividend to its shareholders at the rate of Rs 3 per share for every share of Re 1 held, to commemorate the 75th year of the company.

Shares of the company were last trading down 4.59 per cent Rs 208.95 on the BSE.