HUL Q2 web earnings falls 4% YoY to Rs 2,612 crore, income increases 2%, ET Retail

.Agent imageFMCG major Hindustan Unilever (HUL) on Wednesday mentioned a 4% fall in its standalone net revenue for the one-fourth finished September 2024 to Rs 2,612 crore versus Rs 2,717 crore posted in the year-ago period. The earnings from functions in the documented one-fourth stood at Rs 15,319 crore, up 2% over Rs 15,027 crore mentioned in the corresponding one-fourth of the previous economic year.The firm has actually declared a complete interim dividend of Rs 29 per equity share. The report day has actually been actually dealt with as Nov 6, as well as the reward will definitely be paid out to shareholders on November 21.

The dab and also earnings bodies were below ETNOW poll estimations of Rs 2,657 crore and Rs 15,792 crore, respectively.The provider declared that its board of supervisors has decided to separate the frozen yogurt organization. The panel’s choice to split up the business resides in line along with the suggestions brought in due to the Independent Board following a complete assessment of business, the firm submitting said.Earnings prior to interest, income tax, deflation as well as amortisation (EBITDA) for the one-fourth was actually Rs 3,647 crores versus Rs 3,694 crores stated in the exact same fourth in 2015. EBITDA frame at 23.8% dropped by 80 bps versus the exact same quarter in the last financial year.

Published On Oct 23, 2024 at 05:17 PM IST. Join the neighborhood of 2M+ market specialists.Register for our e-newsletter to get most current knowledge &amp review. Download And Install ETRetail App.Acquire Realtime updates.Conserve your much-loved short articles.

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