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HUL Q2 net income drops 4% YoY to Rs 2,612 crore, profits advances 2%, ET Retail

.Rep imageFMCG primary Hindustan Unilever (HUL) on Wednesday reported a 4% fall in its own standalone net profit for the fourth finished September 2024 to Rs 2,612 crore versus Rs 2,717 crore reported in the year-ago period. The profits from operations in the reported quarter stood up at Rs 15,319 crore, up 2% over Rs 15,027 crore disclosed in the equivalent one-fourth of the previous financial year.The company has actually proclaimed an overall acting dividend of Rs 29 per equity allotment. The record date has actually been actually dealt with as Nov 6, as well as the returns will certainly be actually paid for to shareholders on November 21. The dab and also profits amounts were actually below ETNOW poll estimates of Rs 2,657 crore and Rs 15,792 crore, respectively.The provider proclaimed that its panel of directors has actually chosen to split up the gelato service. The board's selection to separate business is in line along with the recommendations made by the Independent Committee following a detailed assessment of business, the firm filing said.Earnings just before passion, tax obligation, loss of value and also amortisation (EBITDA) for the one-fourth was actually Rs 3,647 crores versus Rs 3,694 crores disclosed in the very same one-fourth last year. EBITDA frame at 23.8% declined by 80 bps versus the same fourth in the last fiscal year.
Released On Oct 23, 2024 at 05:17 PM IST.




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