[ad_1]
HUL Q2 outcomes: Hindustan Unilever (HUL) on Thursday, October 19, reported a 3.8 per cent year-on-year (YoY) rise in its standalone web revenue at Rs 2,717 crore for the quarter ended September 30, 2023 (Q2FY24). The FMCG main had posted a web revenue of Rs 2,616 crore within the year-ago interval.
Its income from operations for the quarter underneath evaluation got here in at Rs 15,027 crore, up 3.5 per cent in opposition to Rs 14,514 crore logged within the corresponding quarter of the earlier fiscal.
Each the underside line and prime line had been above analysts’ estimates. Zee Enterprise Analysis had estimated income at Rs 15,224 crore, up 3 per cent YoY, whereas the web revenue was anticipated to stay flat at Rs 2,603 crore.
Earnings earlier than curiosity, tax, depreciation, and amortisation (EBITDA) for the quarter got here in at Rs 3,694 crore, up 9 per cent. EBITDA margin elevated by 130 bps YoY to 24.6 per cent.
The reported numbers embody a one-off credit score from a beneficial decision of previous oblique tax litigation. This benefitted reported turnover and PAT progress by 1 per cent and 4 per cent, respectively, HUL stated in its earnings launch.
Commenting on the outcomes, Rohit Jawa, CEO and Managing Director, stated, ‘We delivered resilient and aggressive progress whereas stepping up our EBITDA margin in a difficult working setting, marked by subdued rural demand and heightened aggressive depth. Wanting ahead, we stay cautiously optimistic.”
The CEO additional stated that FMCG demand is prone to proceed a gradual restoration with tailwinds from the upcoming festive season, sustained buoyancy of companies, and the federal government’s thrust on capex.
“On the identical time, we must be watchful of unstable world commodity costs in addition to the affect of monsoon on crop output and reservoir ranges. On this context, our focus is to supply superior worth to our customers, drive aggressive quantity progress, and put money into our manufacturers. We stay assured of the mid-to-long-term potential of the Indian FMCG sector and HUL’s capacity to ship constant, aggressive, worthwhile, and accountable progress,” the CEO added.
HUL proclaims interim dividend
The corporate additionally introduced an interim dividend of Rs 18 per share. The report date for the aim of figuring out the entitlement for fee of interim dividend is fastened as 2nd November 2023.
HUL’s verticals efficiency
Dwelling Care
Dwelling Care grew 3 per cent with mid-single-digit UVG. UVG stands for underlying quantity progress. Cloth Wash had mid-single-digit quantity progress with the premium portfolio persevering with to outperform. Family care volumes grew in excessive single digits led by Dishwash. Additional value reductions had been taken in each Cloth Wash and Family Care. Model and advertising and marketing investments had been stepped as much as defend our aggressive place. In the course of the quarter, the Vim Pure vary with plant-based actives and Consolation Intense Cloth Conditioner had been launched.
Magnificence & Private Care
Magnificence & Private Care grew 4 per cent with mid-single digit UVG. Pores and skin Cleaning had a low-single-digit quantity progress with Lux and Hamam persevering with to outperform. Income declined as additional value reductions had been taken in soaps. Pores and skin Care and Color Cosmetics grew double-digit pushed by centered interventions in new demand areas and channels of the long run. Hair Care
delivered high-single-digit progress with Clinic Plus and Indulekha persevering with to outperform. Oral Care grew mid-single digit led by Closeup. Key launches on this quarter embody a brand new vary of Vaseline moisturizers, Lakme serums and cosmetics, Pond’s serum, Indulekha Anti-Dandruff Oil and Shampoo.
Meals & Refreshment: Mid-single digit progress pushed by pricing
Meals & Refreshment grew 4 per cent. Tea delivered modest progress because the class continued to witness customers downgrading. Espresso grew in double-digits. HFD delivered mid-single digit price-led progress, broad-based throughout the portfolio. Meals and Ice Cream each grew within the mid-single digits on a excessive base. Meals Options, Mayonnaise and Peanut Butter proceed to clock sturdy growths. In the course of the quarter, Horlicks Power Plus, Sluggish Churn Ice Cream and new blends of Lipton Inexperienced Tea had been launched.
[ad_2]
Source link