Rs. 19 Interim & Rs. 10 Special Dividend: 6th November Record Date, To Be Paid By 21st November; BUY/SELL?

An Indian fast-moving consumer goods (FMCG) firm, Hindustan Unilever Limited (HUL) is a division of Unilever. Home care, beauty and personal care, and food are just a few of the sixteen categories in which HUL offers more than 50 brands. Mumbai is home to the headquarters of Hindustan Unilever Limited (HUL), an Indian fast-moving consumer products corporation.

Hindustan Unilever Dividend

The Board of Directors "declared a total interim dividend of Rs. 29 per equity share of face value of Re. 1/- each (which includes a regular interim dividend of Rs. 19 and special dividend of Rs. 10 per equity share) for the financial year ending 31st March, 2025. As intimated vide our letter dated 10th October, 2024, the record date for the purpose of determining the entitlement of the shareholders for the interim dividend has been fixed as Wednesday, 6th November, 2024, and dividend will be paid to the shareholders on 21st November, 2024," said HUL in a stock exchange filing.

"The Board of Directors declared an interim dividend of INR 19/- per share for year ending 31st March 2025. Given the business operations are well funded, and the company's financial model continues to be strong, the Board of Directors have additionally declared a special dividend of INR 10/- per share resulting in a total dividend payout of INR 6,814 Crores," the company said in a statement.

Hindustan Unilever Financials

The consolidated net profit of Hindustan Unilever Ltd. for the second quarter of FY25 fell 2.4% to Rs 2,591 crore from Rs 2,668 crore in the same quarter last year. The FMCG giant's second-quarter consolidated sales increased 2.1 per cent year on year to Rs 16,145 crore. EBITDA, or earnings before interest, tax, depreciation, and amortisation, was Rs 3,647 crores for the quarter. The EBITDA margin, which was 23.8 per cent, remained stable.

Hindustan Unilever Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "Hindustan Unilever Ltd. (HINDUNILVR) is currently trading at Rs 2,522 and is exhibiting a pattern of lower lows and lower highs, indicating sustained selling pressure. This downtrend may continue until the stock approaches a key support zone between Rs 2,440 and Rs 2,420, which could provide a potential buying opportunity if reversal signals emerge. Moreover, HINDUNILVR is trading below its 200-day EMA, further reinforcing the prevailing bearish sentiment."

"The Relative Strength Index (RSI) is at 28, signaling oversold conditions and suggesting that the selling momentum may be overextended. This level could indicate a possible reversal or upward bounce, presenting a buying opportunity. If HINDUNILVR holds above the critical support level at Rs 2,420 and shows signs of reversal, it may offer an attractive entry point for investors. A long position may be considered with a target range of Rs 2,600 to Rs 2,800. For effective risk management, a stop-loss at Rs 2,360 is advisable to mitigate potential downside risk," the analyst further added.

Disclaimer

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