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HUL Q2 Results Highlights: Net profit declines 2.4% to ₹2,591 crore, dividend declared
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7 min read | Updated on October 23, 2024, 17:15 IST
SUMMARY
HUL Q2 Results: Hindustan Unilever Limited reported a 2.4% decline in its net profit to ₹2,591 crore for the second quarter of the financial year 2024-25. In the year-ago period, the company's net profit stood at ₹2,656 crore.
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Hindustan Unilever Ltd is a key fast-moving consumer goods company.
HUL Q2 Results Live Update at 05:15 pm: Financial summary
- Net profit: ₹2,591 crore, down 2.4% YoY
- Revenue: ₹15,703, up 2.3% YoY
- Total sales: ₹15,729 crore, up 2%
- EBITDA: ₹3,793, down 0.1%
- Margin: 24.1%, down 60 bps
HUL Q2 Results Live Update at 05:12 pm: Near term outlook
- Demand trends to remain stable
- Low-single digit price growth, if commodity prices remain where they are
- EBITDA to be maintained at current healthy levels
HUL Q2 Results Live Update at 05:11 pm: Foods & refreshment highlights
- Beverages: Tea strengthened value and volume market leadership. Green and functional tea continue to deliver strong volume growth. Coffee grew double-digit led by strong performance in organized trade.
- Nutrition Drinks: Market share gains continue. Focussed on driving consumption and building a specialist nutrition range.
- Foods: Low-single digit volume growth. Volume growth in foods solution, mayonnaise, international sauces and cuisines was strong, aided by portfolio extension and distribution expansion.
- Ice Cream: Volume remained flat vis-à-vis last year.
HUL Q2 Results Live Update at 05:08 pm: Personal care segment highlights
- Skin cleansing: Revenue declined primarily on account of pricing actions taken during the year. Premium portfolio grew ahead of the segment, within that Bodywash strengthened its market leadership, delivering high double-digit growth
- Oral Care: High-single digit competitive growth led by Closeup.
HUL Q2 Results Live Update at 05:06 pm: Beauty and wellbeing segment highlights
- Hair care: Maintained momentum with volume led high-single digit growth. Sunsilk, Dove and Tresemme grew double-digit. Formats of the future continue to gain consumer traction
- Skin care and colour cosmetics: Mid-single digit growth fueled by strong performance in Premium skin care. Focus on high growth demand spaces led by 6 big-bets and channels of the future continues to yield results
HUL Q2 Results Live Update at 05:04 pm: Home care segment highlights
- Fabric wash: Volumes grew in high single digit driven by premiumisation and market development actions. Liquids and fabric care portfolio continue to outperform.
- Household care: High-single digit volume growth led by premium dishwash portfolio.
- Forayed into the floor cleaner market with Vim Pro Floor Cleaner, drove distribution of Rin liquid, launched Comfort beads - a new format innovation in fabric conditioner.
HUL Q2 Results Live Update at 05:00 pm: The Board of Directors declared an interim dividend of ₹19 per equity share of face value of ₹1 each for the financial year ending March 31, 2025 and special dividend of ₹10 per equity share of face value of ₹1 each. The record date for the purpose of determining the entitlement for payment of interim and special dividend is fixed as November 6, 2024. The dividend will be paid to the shareholders on November 21, 2024.
HUL Q2 Results Live Update at 04:56 pm: Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter at ₹3,793 crore, down 0.1% from ₹3,797 crore in Q2 FY24. EBITDA margin at 24.1%, a decline of 60 bps in comparison to same quarter last fiscal.
HUL Q2 Results Live Update at 04:54 pm: Total sales at ₹15,729 crore grew by 2% YoY during the quarter.
HUL Q2 Results Live Update at 04:52 pm: Revenue from operations increased 2.3% to ₹15,703 crore in the quarter ended September 2024, compared to ₹15,340 in the same quarter a year ago.
HUL Q2 Results Live Update at 04:47 pm: Hindustan Unilever Limited reported a 2.4% decline in its net profit to ₹2,591 crore for the second quarter of the financial year 2024-25. In the year-ago period, the company's net profit stood at ₹2,656 crore.
HUL Q2 Results Live Update at 04:38 pm: The Board of Directors of Hindustan Unilever Limited at the meeting held today, announced its decision to separate the Ice Cream business.
HUL Q2 Results Live Update at 04:37 pm: Hindustan Unilever Limited (HUL) announced the early retirement of Dev Bajpai, Executive Director, Legal & Corporate Affairs and Company Secretary, effective December 31, 2024.
HUL Q2 Results Live Update at 04:10 pm: The FMCG major will announce earnings shortly.
HUL Q2 Results Live Update at 03:33 pm: Shares of Hindustan Unilever Ltd settled 0.8% lower at ₹2,659.3 apiece ahead of earnings.
HUL Q2 Results Live Update at 03:15 pm: Trading stats
- Traded volume (Lakhs): 11.66
- Traded value: ₹311.46 crore
- Total market cap: ₹6,25,602.17 crore
- Free float m-cap: ₹2,36,842.49 crore
HUL Q2 Results Live Update at 02:43 pm: Popular products
- Active Wheel 2 in 1
- Acne-Squad
- Axe
- Boost
- Brooke Bond Red Label
- Brooke Bond Taj Mahal
- Bru
- Clear
- Clinic Plus
- Closeup
- Comfort
- Cornetto
- Domex
- Dove
- Glow & Lovely
- Glow & Handsome
- Hamam
- Horlicks
- Indulekha
- Kissan
- Knorr
- Kwality Wall's
- Lux
- Lakme
- Lifebuoy
- Lipton
- Magnum
- Pears
- Pepsodent
- Pond's
- Rin
- Simple
- Sunsilk
- Surf excel
- TreSemme'
- VWash
- Vaseline
HUL Q2 Results Live Update at 02:16 pm: Price information
- Current price: ₹2,665.6 (-0.60%)
- Previous close: ₹2,681.7
- Open: ₹2,621
- High: ₹2,693
- Low: ₹2,621
HUL Q2 Results Live Update at 01:42 pm: Board of Directors
- Nitin Paranjpe, Non-Executive Chairman
- Rohit Jawa, CEO & Managing Director
- Ritesh Tiwari, Executive Director and CFO
- Dev Bajpai, Executive Director
- BP Biddappa, Executive Director
- Leo Puri, Independent Director
- Ashu Suyash, Independent Director
- Ranjay Gulati, Independent Director
- Neelam Dhawan, Independent Director
- Tarun Bajaj, Independent Director
HUL Q2 Results Live Update at 01:09 pm: Shares trade flat at ₹2,683, up 0.05%, on the NSE ahead of earnings announcement.
HUL Q2 Results Live Update at 12:34 pm: The market capitalisation of Hindustan Unilever Ltd stands at ₹6,28,304.20 crore as the company's shares are trading 0.29% lower at ₹2,673.9 a unit.
HUL Q2 Results Live Update at 11:50 am: Trading stats
- Traded volume (Lakhs): 4.69
- Traded value: ₹125.44 crore
- Total market cap: ₹6,31,158.95 crore
- Free float m-cap: ₹2,38,589.70 crore
HUL Q2 Results Live Update at 11:27 am: Price information
- Current price: ₹2,687.9 (+0.23%)
- Previous close: ₹2,681.7
- Open: ₹2,621
- High: ₹2,689.9
- Low: ₹2,621
HUL Q2 Results Live Update at 10:53 am: Hindustan Unilever Ltd shares are trading flat at ₹2,681.4, down 0.01%, on the NSE.
HUL Q2 Results Live Update at 10:28 am: Shares of FMCG company decline 0.2% to ₹2,674.8 apiece on the NSE ahead of earnings.
HUL Q2 Results: Hindustan Unilever Limited (HUL), a key fast-moving consumer goods (FMCG) player, will announce its financial results for the quarter that ended September 2024 on Wednesday, October 23.
Experts anticipate the company posting flat revenue and profit after tax (PAT) in the quarter ended September 2024.
Standalone revenue is likely to increase by 1% to 4% between ₹15,542 crore and ₹15,825 crore in Q2 FY25. Net profit is expected to be between ₹2,580 crore and ₹2,714 crore, reflecting an increase of 1% to 2%.
HUL Q2 results preview: Revenue, net profit growth likely to remain flat; interim dividend announcement expected
HUL Q2 Results: How Hindustan Unilever Ltd performed previously
In Q1 FY25, HUL reported a 2.2% year-on-year (YoY) consolidated profit after tax (PAT) to ₹2,610 crore. Revenue from operations increased 1.4% YoY to ₹15,707 crore.
Other companies that will release their Q2 results today include Bajaj Finserv, TVS Motor Company, SBI Life Insurance, Pidilite Industries, Godrej Properties, Dr Lal PathLabs, New Delhi Television (NDTV), Piramal Enterprises and VIP Industries.
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