When it comes to the Indian FMCG space, two giants dominate the scene, ITC and Hindustan Unilever. Both the stocks are in focus ahead of Q4FY25 earnings, not just for results but also the dividend. HUL and ITC have a significantly high dividend yield above 1%.Both these companies are among the top 10 most valuable companies in India by market capitalisation. While ITC currently holds a market cap of approximately Rs 5.28 lakh crore, HUL is not far behind with Rs 5.56 lakh crore.
Let’s take a look at how these two stalwarts stack up on dividends, stock performance, and financials.
ITC Vs HUL dividend declaration: FY25 scorecard so far
Both companies have already rewarded their shareholders in FY25. ITC declared an interim dividend of Rs 6.5 per share, which is a 650% payout based on a face value of Rs 1.
Meanwhile, HUL announced a Rs 29 per share dividend, translating to a whopping 2900% payout on the same face value.
Furthermore, it is also worth noting that these are interim payouts and both companies are expected to consider final dividends soon. In fact, HUL has already scheduled its board meeting on April 24 to recommend the final dividend for FY25.
ITC Vs HUL: Comparing dividend yields
While HUL’s absolute payout is higher, dividend yield which is the actual return on investment tells a different story. At its current share price of around Rs 422, ITC’s dividend yield stands at approximately 1.54%. In contrast, HUL’s share price of about Rs 2,362.10 brings its dividend yield to only around 1.23%.
ITC Vs HUL: Q3FY25 earnings
In the third quarter of FY25, ITC reported a 1% rise in standalone net profit to Rs 5,638 crore, beating analyst estimates. On a consolidated basis, the company’s net profit fell 7% to Rs 5,013 crore, but its overall revenue from operations surged to Rs 20,350 crore, up from Rs 18,880 crore a year ago. Moreover, the company also declared its interim dividend of Rs 6.5 per share during this quarter.
HUL, on the other hand, reported a net profit of Rs 3,001 crore, a 19% jump year on year (YoY). Revenue for the quarter came in at Rs 15,818 crore, marking a growth of about 1.6% compared to the previous year. The company’s EBITDA margin remained at around 23.5%.
ITC Vs HUL: Stock market performance
Looking at recent stock price movements offers an interesting contrast between the two. ITC share price closed the last trading session at Rs 422, gaining 1.3% for the day. Over the last five days, the stock rose by 4%, and in the past month, it gained 3.5%. However, over the last six months, ITC has seen a significant correction of 15%, and is down 13% in 2025 so far. On a yearly basis, it slipped about 1%.
Further, looking at the HUL share price, it increased by 5% in the last five days and delivered 7% returns in the last one month. Over the past six months, HUL too declined 15%, but on a yearly basis, it posted an 8% gain. So far in 2025, the stock is up by nearly 2%.
ITC Vs HUL: Company profile
ITC began its journey in 1910 as the Imperial Tobacco Company. Over the decades, it has transformed into a diversified conglomerate with presence across FMCG, hospitality, paperboards, packaging, agri-business, and IT. Some of its popular brands like Aashirvaad, Bingo, Sunfeast, and Fiama have become household names in India.
HUL, one of India’s largest FMCG companies and is a subsidiary of the global giant Unilever. Incorporated in 1933, HUL has built a presence in Indian homes with over 50 brands in segments such as personal care, home care, and food & beverages including names like Dove, Surf Excel, Lux, and Lipton.
With the Q4FY25 earnings season underway, companies are set to announce their fourth-quarter results. Investors will be closely watching quarterly performance, stock movements, and major upcoming announcements in the days ahead.
