The key points from HUL’s Q2 results
- Net Profit Decline: Hindustan Unilever Limited (HUL) reported a net profit of ₹2,612 crore for the quarter, reflecting a 2% decrease compared to the previous year. This decline was attributed to increased input costs and competitive pressures.
- Revenue Growth: The company achieved a revenue increase of approximately 10%, driven by strong sales in its key product segments, including personal care, home care, and food & refreshments. This growth indicates a recovery in consumer demand.
- Dividend Declaration: HUL declared a dividend of ₹15 per share, signaling confidence in its financial stability and commitment to providing returns to its shareholders despite the dip in profit.
- Separation of Ice Cream Business: HUL announced the separation of its ice cream business, which will allow the company to focus more effectively on its core product lines. This strategic decision aims to enhance operational efficiency and streamline management.
- Market Outlook and Strategy: HUL remains optimistic about future growth prospects. The company plans to leverage its strong brand portfolio and innovate in product offerings to navigate market challenges. Management highlighted a focus on cost management and digital transformation as key strategies moving forward.
These points provide insight into HUL’s performance and strategic direction amidst market fluctuations.
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