Hindustan Unilever Ltd (HUL) on Wednesday reported its fiscal second quarter earnings with a profit decline of 2.4 per cent at Rs 2591 crore in comparison to Rs 2656 crore during the corresponding quarter of FY24, missing estimates. It posted revenue from operations at Rs 15,926 crore, up 2.2 per cent as against Rs 15,587 crore during the same period of previous financial year.
According to a CNBC TV18 poll, HUL was expected to report Q2 profit at Rs 2675 crore and revenue for the quarter in review was estimated at Rs 15,665 crore. On a standalone basis, HUL’s Q2 revenue stood at Rs 15,508 crore and profit came in at Rs 2612 crore. The company EBITDA stood at Rs 3647 crore.
HUL board also declared a total interim dividend of Rs 29 per equity share of face value of Re 1 each (which includes a regular interim dividend of Rs 19 and special dividend of Rs 10 per equity share) for the financial year ending 31st March, 2025. “As intimated vide our letter dated 10th October, 2024, the record date for the purpose of determining the entitlement of the shareholders for the interim dividend has been fixed as Wednesday, 6th November, 2024, and dividend will be paid to the shareholders on 21st November, 2024,” it said in a regulatory filing.
From: financialexpress
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