HUL Q4 consolidated net profit slips 3.56% YoY to Rs 1,515 crore

"COVID-19 is perhaps the biggest challenge for us both from the lens of sustaining lives as well as livelihoods," said Sanjiv Mehta, Chairman and Managing Director.

Hindustan Unilever (HUL) on Thursday posted a 3.56 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 1,515 crore for the quarter ended March 2020. The company had posted profit of Rs 1,571 crore in the year-ago period. On a standalone basis, profit came in at Rs 1,519 crore, down 1.23 per cent against Rs 1,538 crore in the corresponding quarter of the previous fiscal. 

Revenue from operations (on a consolidated basis) stood at Rs 9,055 crore, down nearly 10 per cent against Rs 10,018 crore in the year-ago quarter. The company has recommended a final dividend