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

.Representative imageFMCG major Hindustan Unilever (HUL) on Wednesday stated a 4% fall in its own standalone internet income for the one-fourth ended September 2024 to Rs 2,612 crore versus Rs 2,717 crore posted in the year-ago period. The income from procedures in the reported quarter stood at Rs 15,319 crore, up 2% over Rs 15,027 crore mentioned in the matching fourth of the previous financial year.The firm has actually announced an overall interim dividend of Rs 29 every equity allotment. The document time has actually been repaired as Nov 6, as well as the reward will definitely be actually paid to investors on November 21.

The dab and income bodies were actually below ETNOW survey estimations of Rs 2,657 crore as well as Rs 15,792 crore, respectively.The business announced that its own board of directors has actually decided to separate the ice cream business. The panel’s choice to separate your business remains in line along with the suggestions made by the Independent Board following a detailed customer review of business, the business submitting said.Earnings prior to rate of interest, tax, devaluation and also amortisation (EBITDA) for the fourth was Rs 3,647 crores versus Rs 3,694 crores mentioned in the exact same fourth in 2015. EBITDA margin at 23.8% declined by 80 bps versus the exact same one-fourth in the final fiscal year.

Posted On Oct 23, 2024 at 05:17 PM IST. Participate in the community of 2M+ industry experts.Register for our bulletin to acquire newest ideas &amp analysis. Download And Install ETRetail Application.Receive Realtime updates.Conserve your much-loved articles.

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