Hindustan Unilever Q4 results: Net profit of ₹2,558 crore; ₹24 dividend declared

Hindustan Unilever Q4 results: The company said its profit fell to 24.06 billion rupees ($288.9 million) in the three months ended March 31.

Hindustan Unilever, the Indian arm of UK's Unilever, posted a bigger-than-expected fall in fourth-quarter profit on Wednesday, as consumers cut back on spending amid sticky food inflation, while stiff competition hurt demand.

Hindustan Unilever Q4 results: The company said its profit fell to 24.06 billion rupees ($288.9 million) in the three months ended March 31.

The company, whose brands include Dove, Cif and Cornetto, said its profit fell to 24.06 billion rupees ($288.9 million) in the three months ended March 31, from 25.52 billion rupees a year earlier.

Analysts, on average, had expected profit of 24.44 billion rupees, according to data from LSEG.