Hindustan Unilever 2010-11 profit up 6.4% to Rs 2,296 crore

FMCG giant Hindustan Unilever on Monday posted a 6.46 per cent increase in consolidated net profit to Rs 2,296.05 crore for the year ended March 31.

The company had clocked a consolidated net profit of Rs 2,156.63 crore in the quarter ended March 31, 2010, HUL said in a filing to the Bombay Stock Exchange.

It has announced a total dividend of Rs 6.50 per equity share of Re 1 face value for the year. HUL had earlier paid an interim dividend of Rs 3 per share on November 15, 2010.

During the period, the company's consolidated net sales stood at Rs 19,691.02 crore, a 10.8 per cent jump from Rs 17,764.27 crore in the previous financial year.

On a standalone basis, HUL's net profit during the quarter stood at Rs 2,305.97 crore, up 4.7 per cent from Rs 2,202.03 crore in the year-ago period. Its standalone net sales increased to Rs 19,401.11 crore during the reporting period from Rs 17,523.80 crore in the corresponding quarter of the previous financial year.

While HUL did not announce the consolidated figures for the quarter ended March 31, the company's standalone net profit for the period was at Rs 569.15 crore, a marginal 2 per cent decline from Rs 581.20 crore in the year-ago period.

For the year-ended March 31, the company's standalone net sales increased 13.5 per cent to Rs 4,899.35 crore from Rs 4,315.75 crore in the corresponding quarter of the previous financial year.