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

.Rep imageFMCG primary Hindustan Unilever (HUL) on Wednesday disclosed a 4% fall in its standalone web earnings for the fourth ended September 2024 to Rs 2,612 crore versus Rs 2,717 crore reported in the year-ago period. The earnings coming from operations in the reported one-fourth stood at Rs 15,319 crore, up 2% over Rs 15,027 crore reported in the matching fourth of the previous financial year.The business has proclaimed a total acting dividend of Rs 29 every equity portion. The record day has been dealt with as November 6, and the returns is going to be paid to shareholders on Nov 21. The PAT and also income bodies were below ETNOW survey quotes of Rs 2,657 crore and also Rs 15,792 crore, respectively.The provider declared that its board of directors has decided to split up the gelato business. The panel's decision to separate the business resides in line with the referrals created by the Independent Board complying with a thorough review of the business, the provider submission said.Earnings before interest, tax, depreciation as well as amortisation (EBITDA) for the one-fourth was Rs 3,647 crores versus Rs 3,694 crores reported in the exact same one-fourth in 2014. EBITDA margin at 23.8% declined through 80 bps versus the same one-fourth in the last fiscal year.
Published On Oct 23, 2024 at 05:17 PM IST.




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