The board has recommended a final dividend of Rs 24 for the financial year ended March 2024 on equity shares of Re one each. It had earlier paid an interim dividend of Rs 18 per share.
In its investor presentation post earnings, the FMCG giant said that it is dialling up benefits and nutrition science on the pack to help consumers make informed choices about their food and beverage consumption.
March quarter net profit at Unilever s India unit declined to ₹2,406 crore, below analyst expectations, from ₹2,552 crore a year earlier. Revenue was little changed at ₹14,693 crore against ₹14,638 crore a year earlier.
Ritesh Tiwari, the Chief Financial Officer of Hindustan Unilever, announced the change during the earnings press conference on April 24. Tiwari emphasized that the shift to the FND label provides a more accurate and transparent description of the category. He highlighted the under-penetration of the FND market, indicating significant growth opportunities.