Hindustan Unilever surpasses expectations in Q2 results

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.

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