Company’s net profit decreased in the second quarter
Hindustan Unilever Q2 Results: Leading FMCG company Hindustan Unilever on Wednesday released the results for the second quarter of the current financial year 2024-25. There has been a slight decline of 2.33 percent in the company’s net profit in the July-September quarter. However, on Wednesday, ahead of the company’s results, Hindustan Unilever shares closed at Rs 2658.00, down 0.90 per cent (Rs 24.05) on BSE. With this, the share price of Hindustan Unilever has now come down further from its 52 week high. The 52 week high of the company’s shares is Rs 3034.50.
Hindustan Unilever’s revenue declined by 2.33 percent
Hindustan Unilever (HUL) said that its net profit declined by 2.33 percent to Rs 2595 crore in the second quarter of the current financial year. HUL told the stock market exchanges on Wednesday that due to low demand from the urban market in the second quarter, the company’s performance has been adversely affected. Let us tell you that HUL had generated a net profit of Rs 2657 crore in the second quarter of the last financial year. However, during this period the company’s revenue increased by 2.36 percent to Rs 15,703 crore. Whereas in the second quarter of last year the company’s revenue was Rs 15,340 crore.
An increase was also recorded in the total income of the leading FMCG company.
Hindustan Unilever, the Indian unit of British company Unilever, has big and powerful brands like Surf, Rin, Lux, Ponds, Lifebuoy, Brooke Bond, Lipton and Horlicks. Rohit Java, CEO and Managing Director, HUL, said, “The September quarter saw a modest growth in demand for FMCG in urban markets, while recovery in rural areas continued. In this context, we performed competitively and profitably.” The company’s total expenses in the September quarter stood at Rs 12,581 crore, which is 3.03 percent higher on an annual basis. During this period, HUL’s total income increased by 2.14 percent to Rs 16,145 crore as compared to the second quarter of last year.
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