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

.Agent imageFMCG major Hindustan Unilever (HUL) on Wednesday mentioned a 4% join its own standalone net profit for the quarter finished September 2024 to Rs 2,612 crore versus Rs 2,717 crore posted in the year-ago time. The profits coming from procedures in the documented quarter stood at Rs 15,319 crore, up 2% over Rs 15,027 crore mentioned in the corresponding quarter of the previous economic year.The business has stated a complete interim returns of Rs 29 every equity share. The report day has been repaired as November 6, as well as the dividend will be actually paid to shareholders on November 21.

The PAT and profits amounts were actually below ETNOW poll estimations of Rs 2,657 crore and Rs 15,792 crore, respectively.The company stated that its board of supervisors has actually determined to split up the ice cream company. The board’s selection to separate the business resides in line with the recommendations brought in due to the Independent Board adhering to a complete assessment of business, the company filing said.Earnings just before passion, income tax, devaluation and amortisation (EBITDA) for the quarter was Rs 3,647 crores versus Rs 3,694 crores reported in the same one-fourth in 2014. EBITDA frame at 23.8% declined by 80 bps versus the same quarter in the last fiscal year.

Posted On Oct 23, 2024 at 05:17 PM IST. Sign up with the area of 2M+ business experts.Subscribe to our e-newsletter to get newest knowledge &amp analysis. Download ETRetail App.Acquire Realtime updates.Spare your much-loved short articles.

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