HUL Q4 net profit rises 14% to `1351 cr

Similarly on the NSE the stock opened at Rs1,530 then soared to its 52-week high of Rs1,542.40 up 2.58% over its previous closing price

Similarly on the NSE the stock opened at Rs1,530 then soared to its 52-week high of Rs1,542.40 up 2.58% over its previous closing price

It said during the quarter under review revenue from home care was at Rs 3,102 crore as against Rs 3,004 crore in Q4 FY 2016-17 led by laundry segment. "The company had earlier paid an interim dividend of Rs 8 per share on November 14, last year", HUL said in a filing to the stock exchanges. "Household Care growth was led by strong performance in Vim", the company said. Personal care products also grew in double-digit, the company said.

Revenue growth was aided by a reported sales growth of about 4% in home care and 9% in refreshments.

Cash generation from operations stood at Rs 8,126 crore up 20 percent on year in FY18.

The maker of Lifebuoy soap and Lipton tea stepped up its advertising and promotion spends by 25% to Rs 1,070 crore during the quarter.

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"Coffee witnessed strong volume led growth".

Comparable sales number includes excise duty, other net input taxes from reported sales of March 2017 and GST refunds to the sales of March 2018 quarter. However, expenses on advertising and promotion grew to Rs 1,070 crore from Rs 853 crore in the same period past year, an increase of over 25 per cent.

Commenting on the results Harish Manwani, Chairman, HUL said, "Despite a step up in competitive intensity, we have delivered another strong performance for the quarter and the year".

"The board recommended a final dividend of Rs 12 for the financial year (till March 31) on equity shares of Re 1 each".

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Brokerage Prabhudas Lilladher is expecting the FMCG firm to report a 6 per cent volume growth on gradual improvement in demand.

"Growth and improvement in profitability have been sustained through a combination of winning innovations and relentless focus on operational efficiencies".

"We will continue to manage our business dynamically and will remain focused on our strategy of delivering consistent, competitive, profitable and responsible growth", Manwani said.

On Monday, shares of Hindustan Unilever fell 0.09% to Rs1,504.95 on BSE while the benchmark closed flat at 35,556.71 points.

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