HUL Q2 net revenue falls 4% YoY to Rs 2,612 crore, income progresses 2%, ET Retail

.Agent imageFMCG significant Hindustan Unilever (HUL) on Wednesday stated a 4% fall in its standalone internet revenue for the one-fourth ended September 2024 to Rs 2,612 crore versus Rs 2,717 crore posted in the year-ago period. The profits from procedures in the documented one-fourth stood up at Rs 15,319 crore, up 2% over Rs 15,027 crore mentioned in the matching quarter of the previous monetary year.The firm has actually stated a total interim dividend of Rs 29 every equity reveal. The document time has actually been actually fixed as November 6, as well as the returns is going to be paid to shareholders on Nov 21.

The PAT and profits numbers were actually below ETNOW survey quotes of Rs 2,657 crore and Rs 15,792 crore, respectively.The business stated that its panel of supervisors has made a decision to split up the gelato company. The board’s decision to split up business is in line along with the recommendations made due to the Independent Committee complying with a complete review of business, the business submission said.Earnings before rate of interest, tax obligation, depreciation and also amortisation (EBITDA) for the one-fourth was actually Rs 3,647 crores versus Rs 3,694 crores disclosed in the very same quarter in 2015. EBITDA margin at 23.8% declined through 80 bps versus the exact same quarter in the final financial year.

Posted On Oct 23, 2024 at 05:17 PM IST. Join the neighborhood of 2M+ sector professionals.Sign up for our email list to receive most recent insights &amp review. Download ETRetail Application.Obtain Realtime updates.Spare your preferred write-ups.

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