Hindustan Unilever Ltd profit declines 3.86% in Q2, to pay Rs 29 dividend

 

Foods & refreshment business declined 2 per cent with a low-single digit volume decline, HUL said.


Uploading: 450264 of 450264 bytes uploaded.



Hindustan Unilever Ltd (HUL) has reported a 3.86 per cent decline in the standalone net profit at Rs 2,612 crore for the quarter ended September 2024 (Q2) as against Rs 2,717 crore in the same period of last year as the “FMCG demand witnessed a moderating growth”.

Total income for the latest quarter rose by 1.65 per cent to Rs 15,817 crore from Rs 15,559 crore a year ago.

The board of the company also declared an interim dividend (including special dividend) of Rs 29 per share for the financial year FY25. “Given the business operations are well funded, and the company’s financial model continues to be strong, the board has additionally declared a special dividend of Rs 10 per share resulting in a total dividend payout of Rs 6,814 crore,” it said.

HUL also announced its decision to separate the ice cream business. The board’s decision to separate is in line with the recommendation made by the Independent Committee following a comprehensive review of the business. Ice cream contributes 3 per cent to HUL’s turnover.

Comments

Post a Comment

Popular posts from this blog

Air India, Singapore Airlines expand codeshare partnership by adding 11 Indian, 40 global destinations

Image
 55 Air India customers will be able to access 29 destinations across SIA’s network. 55 55 Air India and Singapore Airlines (SIA) have expanded their codeshare agreement by adding 11 Indian cities and 40 international destinations, marking the first extensive expansion of codeshare arrangements between the two carriers since 2010. The expanded codeshare network will be rolled out from October 27, and both airlines plan to progressively include more destinations under the arrangement. 55 The announcement comes ahead of Vistara’s merger with Air India, which will result in SIA holding a minority stake in the enlarged Air India. Currently, SIA holds 49 per cent stake in Vistara with the  Tata  group holding 51 per cent. After the merger, SIA will own 25.1 per cent stake in Air India. There merger and the consequent shareholding of SIA in Air India is expected to lead to more synergies between the airlines and the codeshare expansion may be seen as a step in that direction. 5...
Read more

Hindustan Unilever Ltd profit declines 3.86% in Q2, to pay Rs 29 dividend

Image
 55 Foods & refreshment business declined 2 per cent with a low-single digit volume decline, HUL said. 55 55 Hindustan Unilever Ltd (HUL) has reported a 3.86 per cent decline in the standalone net profit at Rs 2,612 crore for the quarter ended September 2024 (Q2) as against Rs 2,717 crore in the same period of last year as the “FMCG demand witnessed a moderating growth”. 55 Total income for the latest quarter rose by 1.65 per cent to Rs 15,817 crore from Rs 15,559 crore a year ago. 55 The board of the company also declared an interim dividend (including special dividend) of Rs 29 per share for the financial year FY25. “Given the business operations are well funded, and the company’s financial model continues to be strong, the board has additionally declared a special dividend of Rs 10 per share resulting in a total dividend payout of Rs 6,814 crore,” it said. 55 HUL also announced its decision to separate the ice cream business. The board’s decision to separate is in line with ...
Read more

We cannot risk another bout of inflation: RBI Governor Shaktikanta Das

Image
  The newly constituted six-member MPC left the repo rate – the key policy rate unchanged at 6.5 per cent for 20 consecutive months due to worries over higher inflation in the October policy. At the current juncture of the economic cycle, the Reserve Bank of India (RBI) cannot risk ‘another bout of inflation’ and so there is a need to wait for more evidence of inflation aligning durably with the 4 per cent target, Governor Shaktikanta Das wrote in the minutes of the Monetary Policy Committee (MPC) held from October 7- 9. The newly constituted six-member MPC left the  repo rate  – the key policy rate unchanged at 6.5 per cent for 20 consecutive months due to worries over higher  inflation  in the October policy. The decision to keep the policy rate steady was taken in a 5:1 majority, with MPC member Nagesh Kumar voting for a 25 basis points (bps) cut. The MPC changed the monetary policy stance to ‘neutral’, after keeping it as ‘withdrawal of accommodation’ for 28...
Read more