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Hindustan Unilever surpasses expectations in Q2 results

Oct 19, 2023

By: BlinkX Research Team

Hindustan Unilever (HUL) recently unveiled its financial performance for Q2FY24, surpassing the average analyst estimates and showcasing solid growth.

Q2 Financial Highlights

Net Income: 
HUL reported a net income of ₹2720cr, marking a 3.8% year-on-year (y/y) increase. This impressive result exceeded the estimated ₹2584cr, as per the Bloomberg Consensus.

Revenue: 
The company achieved revenue of ₹15030cr, reflecting a 3.6% y/y growth, though slightly lower than the estimated ₹15520cr.

• Home Care: Home Care revenue stood at ₹5310cr, with a 3.3% y/y increase. This figure fell short of the estimated ₹5670cr.
• Beauty & Personal Care: Revenue in the Beauty & Personal Care segment reached ₹5810cr, growing by 4.5% y/y, although slightly under the estimated ₹5917cr.
• Foods & Refreshment: The Foods & Refreshment segment reported revenue of ₹3850cr, showing a 2.4% y/y increase, just below the estimated ₹3949cr
• Other Revenue: Other sources of revenue amounted to ₹304cr, marking a 4.1% y/y increase, which closely aligned with the estimated ₹309cr.
• Other Income: HUL's other income amounted to ₹283cr, a significant rise from ₹115cr in the previous year.

Total Costs: 
The company's total costs reached ₹11920cr, indicating a 2.3% y/y increase.

Ebitda: 
EBITDA reached ₹3690cr, showcasing a remarkable 9.2% y/y growth, surpassing the estimated ₹3613cr.

Dividend per Share: 
The company declared a dividend of ₹18 per share.

Hindustan Unilever's strong financial performance in the second quarter underscores its resilience and ability to adapt in a dynamic market. While some segments fell slightly short of estimates, the overall positive trajectory in net income and Ebitda signals a positive outlook for the company.