Hindustan Unilever Q2 Results Live : Hindustan Unilever declared their Q2 results on 23 October 2024, reporting a topline increase of 1.94% year-on-year, while profit saw a decline of 2.45%. Compared to the previous quarter, revenue grew by 1.39%, but profit decreased by 0.73%.
The company also reported a notable decline in Selling, General & Administrative expenses, which fell by 0.6% quarter-on-quarter and 7.38% year-on-year. This reduction in costs may provide some relief amid the profit dip.
Operating income for Hindustan Unilever was up by 2.14% quarter-on-quarter, although it experienced a decrease of 1.6% year-on-year. The Earnings Per Share (EPS) for Q2 stood at ₹11.08, marking a 2.08% drop compared to the same period last year.
In the last week, Hindustan Unilever has delivered a return of -4.38%, but over the past six months, it has achieved a return of 17.66%. Year-to-date, the company has seen a marginal decline of -0.17%. Currently, Hindustan Unilever boasts a market capitalization of ₹624,826.8 crore, with a 52-week high of ₹3035 and a low of ₹2172.05.
As of 24 October 2024, out of 37 analysts covering Hindustan Unilever, 6 analysts have issued a Sell rating, 11 have given a Hold rating, 12 have recommended a Buy, and 8 analysts have given a Strong Buy rating. The consensus recommendation remains a Buy, indicating a generally optimistic outlook among market analysts.
Hindustan Unilever Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 15926 | 15707 | +1.39% | 15623 | +1.94% |
| Selling/ General/ Admin Expenses Total | 2323 | 2337 | -0.6% | 2508 | -7.38% |
| Depreciation/ Amortization | 338 | 329 | +2.74% | 297 | +13.8% |
| Total Operating Expense | 12487 | 12340 | +1.19% | 12128 | +2.96% |
| Operating Income | 3439 | 3367 | +2.14% | 3495 | -1.6% |
| Net Income Before Taxes | 3542 | 3529 | +0.37% | 3588 | -1.28% |
| Net Income | 2591 | 2610 | -0.73% | 2656 | -2.45% |
| Diluted Normalized EPS | 11.08 | 11.26 | -1.61% | 11.32 | -2.08% |
