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

.Representative imageFMCG major Hindustan Unilever (HUL) on Wednesday reported a 4% fall in its own standalone net income for the fourth ended September 2024 to Rs 2,612 crore versus Rs 2,717 crore posted in the year-ago period. The profits coming from operations in the documented fourth stood up at Rs 15,319 crore, up 2% over Rs 15,027 crore stated in the matching fourth of the previous monetary year.The provider has actually declared a complete interim dividend of Rs 29 every equity allotment. The document time has actually been repaired as Nov 6, as well as the returns is going to be actually paid for to shareholders on November 21.

The dab and also revenue bodies were actually listed below ETNOW survey estimations of Rs 2,657 crore and Rs 15,792 crore, respectively.The business stated that its board of supervisors has made a decision to separate the ice cream organization. The panel’s selection to split up your business is in line with the recommendations brought in due to the Independent Board complying with a detailed assessment of your business, the provider submission said.Earnings prior to passion, income tax, devaluation and amortisation (EBITDA) for the fourth was Rs 3,647 crores versus Rs 3,694 crores disclosed in the same quarter in 2014. EBITDA scope at 23.8% dropped through 80 bps versus the exact same quarter in the last financial year.

Published On Oct 23, 2024 at 05:17 PM IST. Sign up with the area of 2M+ sector specialists.Subscribe to our e-newsletter to receive most up-to-date insights &amp review. Download And Install ETRetail Application.Receive Realtime updates.Conserve your favorite posts.

Browse to download and install Application.