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Hindustan Unilever's Consolidated Profit Rises in Fiscal Q4; Shares Down 4%

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Hindustan Unilever's (NSE:HINDUNILVR, BOM:500696) consolidated profit rose to 29.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 24.6 billion rupees a year ago.

Earnings per share came in at 12.72 rupees from 10.48 rupees a year earlier, the fast-moving consumer goods giant said in a filing to the Indian stock exchanges on Thursday.

The revenue from operations in fiscal Q4 also increased to 161.7 billion Indian rupees from 149.6 billion rupees a year ago.

The company's board recommended a final dividend of 22 rupees per share for the financial year ended March 31 on equity shares of 1 rupee each.

The record date to determine the entitled shareholders for the final dividend has been fixed as June 23rd.

The company's shares were down nearly 4% in recent trade.

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