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.
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Rohit Jawa, CEO and Managing Director, said, “In the September quarter, FMCG demand witnessed moderating growth in Urban markets while Rural continued to recover gradually. In this context, we delivered a competitive and profitable performance. We continued to execute on our strategic priorities of transforming our portfolio whilst generating healthy EBITDA margin and cash flows, providing attractive returns to our shareholders. We remain watchful of gradual recovery in consumer demand while creating a sustained competitive advantage through our business fundamentals: investing behind our aspirational brands, scaling market-making innovations and maintaining operational rigor.”
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During the quarter, HUL reported an Underlying Sales Growth (USG) of 2 per cent and Underlying Volume Growth (UVG) of 3 per cent. EBITDA margin at 23.8 per cent continued to remain healthy.
In the base quarter, HUL said, there was a one-off indirect tax credit from a favourable resolution of past litigation which benefited both topline and bottomline in the Beauty and Wellbeing segment.
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