HUL Shares Plunge Over 5% After Q2 Results; Profit Declines Despite Revenue Growth
Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments. The Company has manufacturing facilities across the country and sells primarily in India
Market reaction on stock result yesterday announced
The current quarter’s (Sep 2024) revenue is 15926.00 crore which is 15707.00 crore more than last quarter’s (Jun 2024) revenue. , However, compared to the previous year’s quarter revenue it is greater than Sep 2023 revenue of 15623.00 crore.
Current quarter (Sep 2024) Net Profit is 2595.00 crore which is 2612.00 crore less than last quarter (Jun 2024) Net Profit. , However, compared to last year’s quarter net profit it is less than the Sep 2023 net profit of 2657.00 crore.
The current quarter’s (Sep 2024) Profit Margin is 0.24, which is 0.24 more than the previous quarter’s (Jun 2024) margin. However, compared to last year’s quarter’s profit margin of 0.24, it is the same as the September 2023 profit margin.
The current quarter (Sep 2024) EPS is 11.03 which is 11.11 less than last quarter’s (Jun 2024) EPS. , However, compared to last year’s quarter EPS it is less than Sep 2023 EPS of 11.30.
In the current quarter (Sep 2024) other income is 203.00 crore which is 209.00 crore less than last quarter’s (Jun 2024) other income. , However, compared to last year’s quarter other income is greater than Sep 2023 other income of 178.00 crore.
The company has declared a total interim dividend of Rs 29 per equity share, with the record date set for November 6. Some of the brokers like Nuvama, Motilal Oswal & HDFC securities gave the target of around Rs.3200