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

.Agent imageFMCG significant Hindustan Unilever (HUL) on Wednesday disclosed a 4% join its own standalone net income for the fourth finished September 2024 to Rs 2,612 crore versus Rs 2,717 crore posted in the year-ago time. The earnings from operations in the declared one-fourth stood at Rs 15,319 crore, up 2% over Rs 15,027 crore mentioned in the corresponding one-fourth of the previous financial year.The company has actually stated a total interim returns of Rs 29 every equity share. The document day has been actually fixed as Nov 6, and the dividend will definitely be actually paid for to shareholders on November 21. The PAT as well as earnings numbers were actually below ETNOW poll estimations of Rs 2,657 crore as well as Rs 15,792 crore, respectively.The company stated that its panel of directors has actually decided to split up the ice cream service. The panel's decision to separate the business resides in line with the referrals made by the Independent Board adhering to a detailed evaluation of the business, the firm declaring said.Earnings just before interest, tax obligation, deflation and amortisation (EBITDA) for the fourth was actually Rs 3,647 crores versus Rs 3,694 crores mentioned in the same one-fourth last year. EBITDA frame at 23.8% decreased by 80 bps versus the very same one-fourth in the last fiscal year.
Published On Oct 23, 2024 at 05:17 PM IST.




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