2024-10-24 11:10:09 :
Hindustan Unilever second quarter results live broadcast: Hindustan Unilever announced its second quarter results on October 23, 2024, with revenue increasing by 1.94% year-on-year and profit falling by 2.45%. Compared with the previous quarter, revenue increased by 1.39%, but profit fell by 0.73%.
The company’s selling, general and administrative expenses also dropped significantly, down 0.6% month-on-month and 7.38% year-on-year. Cost reductions may provide some relief amid declining profits.
Hindustan Unilever’s operating income increased by 2.14% month-on-month, but decreased by 1.6% year-on-year. Second quarter earnings per share (EPS) were $11.08, a decrease of 2.08% compared with the same period last year.
Hindustan Unilever returned -4.38% last week but returned 17.66% over the past six months. Year to date, the company’s marginal decline is -0.17%. Currently, Hindustan Unilever has a market capitalization of $624,826.8 Crores, a new 52-week high $3035 and low $2172.05.
As of October 24, 2024, out of 37 analysts covering Hindustan Unilever, 6 rate it a sell, 11 rate it a hold, 12 recommend a buy, and 8 recommend a buy. Analysts have a Strong Buy rating. The consensus recommendation remains Buy, indicating that market analysts are generally optimistic about the outlook.
Hindustan Unilever Financial
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 15926 | 15707 | +1.39% | 15623 | +1.94% |
| Total Selling/General/Administrative Expenses | 2323 | 2337 | -0.6% | 2508 | -7.38% |
| Depreciation/Amortization | Chapter 338 | Chapter 329 | +2.74% | Chapter 297 | +13.8% |
| total operating expenses | 12487 | 12340 | +1.19% | 12128 | +2.96% |
| operating income | 3439 | 3367 | +2.14% | 3495 | -1.6% |
| net income before tax | 3542 | 3529 | +0.37% | 3588 | -1.28% |
| net income | 2591 | 2610 | -0.73% | 2656 | -2.45% |
| Diluted normalized earnings per share | 11.08 | 11.26 | -1.61% | 11.32 | -2.08% |
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