HUL Q2 Results: PAT at Rs 2717 crore; firm announces Rs 18/ share interim

By Street Asset On Oct 19, 2023 0 0

03:51:35 PM IST, 19 October 2023

HUL Q2 Results | Rohit Jawa, CEO and Managing Director of HUL says,

“We delivered a resilient and competitive growth whilst stepping up ourEBITDA margin in a challenging operating environment, marked by subdued rural demand and heightened competitive intensity.Looking forward we remain cautiously optimistic.

FMCG demand is likely to continue a gradual recovery with tailwinds from theupcoming festive season, sustained buoyancy of services and Government’s thrust on capex. At the same time, we need to bewatchful of volatile global commodity prices as well as the impact of monsoon on crop output and reservoir levels.

In this context,our focus is to provide superior value to our consumers, drive competitive volume growth, and invest behind our brands.We remain confident of the mid to long term potential of Indian FMCG sector and HUL’s ability to deliver a Consistent,Competitive, Profitable and Responsible growth.”

03:47:09 PM IST, 19 October 2023

HUL Q2 Results: Key Highlights

Total sales at Rs.15,364 crores grew by 3% during the quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter at Rs. 3,797 crores (SQ 22: Rs. 3,479 crores) grew by 9%. EBITDA margin at 24.7 % increased by 140 bps vs SQ 22.
Exceptional items in SQ 23 include restructuring expenses of Rs. 57 crores (SQ 22: Rs. 56 crores), acquisition and disposal related credit of Rs. 52 crores (SQ 22: Rs. 6 crores cost) and profit from sale of surplus properties Nil (SQ 22: Rs. 34 crores).
Profit after tax for the quarter at Rs. 2,657 crores (SQ 22: Rs. 2,670 crores) was marginally lower year on year.
The reported numbers include a one-off credit from favourable resolution of a past indirect tax litigation. This benefitted reported turnover and PAT growth by 1% and 4% respectively.
The Board of Directors declared an interim dividend of Rs. 18 /- per equity share of face value of Re 1

03:40:30 PM IST, 19 October 2023

HUL Q2 Results: Co declares an interim dividend of Rs. 18/- per equity share of face value of Re. 1/- each for the financial year ending 31st March, 2024.

03:38:18 PM IST, 19 October 2023

HUL Q2 Results: Margin at 24.18% vs poll of 23.5%; Revenue at Rs 15,300 crore vs poll of Rs 15,343 crore

03:37:25 PM IST, 19 October 2023

HUL Q2 Results: PAT at Rs 2717 crore vs poll of Rs 2590 crore; EDITDA at Rs 3694 crore vs poll of Rs 3609 crore

03:36:13 PM IST, 19 October 2023

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