Columns

HUL Q2 web profit drops 4% YoY to Rs 2,612 crore, profits rises 2%, ET Retail

.Representative imageFMCG major Hindustan Unilever (HUL) on Wednesday reported a 4% join its own standalone web revenue for the quarter finished September 2024 to Rs 2,612 crore versus Rs 2,717 crore posted in the year-ago time. The earnings coming from operations in the noted one-fourth stood at Rs 15,319 crore, up 2% over Rs 15,027 crore stated in the corresponding one-fourth of the previous monetary year.The company has actually declared an overall acting returns of Rs 29 per equity allotment. The report time has been corrected as November 6, as well as the dividend will definitely be actually paid out to shareholders on November 21. The PAT and also earnings bodies were actually below ETNOW survey estimates of Rs 2,657 crore and also Rs 15,792 crore, respectively.The business proclaimed that its own board of supervisors has actually made a decision to split up the ice cream organization. The panel's choice to split up the business is in line with the referrals made due to the Independent Committee following an extensive testimonial of the business, the provider declaring said.Earnings just before interest, tax obligation, devaluation and also amortisation (EBITDA) for the one-fourth was actually Rs 3,647 crores versus Rs 3,694 crores stated in the same fourth last year. EBITDA margin at 23.8% dropped by 80 bps versus the exact same one-fourth in the final financial year.
Published On Oct 23, 2024 at 05:17 PM IST.




Sign up with the community of 2M+ sector experts.Subscribe to our bulletin to receive most up-to-date ideas &amp evaluation.


Install ETRetail Application.Obtain Realtime updates.Save your favourite write-ups.


Scan to download App.