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

.Representative imageFMCG major Hindustan Unilever (HUL) on Wednesday reported a 4% join its standalone web revenue for the fourth finished September 2024 to Rs 2,612 crore versus Rs 2,717 crore reported in the year-ago time. The revenue coming from procedures in the documented fourth stood at Rs 15,319 crore, up 2% over Rs 15,027 crore disclosed in the matching one-fourth of the previous economic year.The firm has declared an overall interim dividend of Rs 29 per equity allotment. The document day has actually been dealt with as Nov 6, and also the returns will definitely be paid out to shareholders on November 21.

The PAT and earnings figures were below ETNOW survey estimates of Rs 2,657 crore as well as Rs 15,792 crore, respectively.The business proclaimed that its own board of directors has actually determined to split up the frozen yogurt business. The panel’s decision to separate your business is in line with the referrals created by the Independent Board following an extensive review of business, the firm declaring said.Earnings just before enthusiasm, tax, deflation as well as amortisation (EBITDA) for the quarter was actually Rs 3,647 crores versus Rs 3,694 crores mentioned in the very same quarter last year. EBITDA margin at 23.8% declined through 80 bps versus the exact same one-fourth in the last fiscal year.

Released On Oct 23, 2024 at 05:17 PM IST. Participate in the area of 2M+ field experts.Sign up for our newsletter to acquire most current insights &amp analysis. Install ETRetail App.Obtain Realtime updates.Conserve your much-loved posts.

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