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

.Representative imageFMCG significant Hindustan Unilever (HUL) on Wednesday reported a 4% join its standalone internet income for the quarter finished September 2024 to Rs 2,612 crore versus Rs 2,717 crore reported in the year-ago period. The profits from functions in the noted fourth stood at Rs 15,319 crore, up 2% over Rs 15,027 crore reported in the corresponding quarter of the previous financial year.The provider has announced a total interim reward of Rs 29 every equity share. The report date has actually been actually repaired as Nov 6, and the reward will be paid out to investors on Nov 21.

The dab and profits bodies were listed below ETNOW poll estimates of Rs 2,657 crore and also Rs 15,792 crore, respectively.The firm proclaimed that its panel of directors has actually determined to separate the gelato service. The board’s selection to split up business is in line with the suggestions brought in by the Independent Committee observing a thorough testimonial of business, the business submission said.Earnings just before interest, income tax, devaluation and also amortisation (EBITDA) for the quarter was Rs 3,647 crores versus Rs 3,694 crores stated in the same one-fourth in 2014. EBITDA margin at 23.8% decreased through 80 bps versus the very same one-fourth in the last fiscal year.

Published On Oct 23, 2024 at 05:17 PM IST. Sign up with the community of 2M+ sector professionals.Sign up for our email list to receive most up-to-date ideas &amp study. Install ETRetail Application.Obtain Realtime updates.Save your favourite write-ups.

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