New Delhi : Hindustan Unilever Limited, or HUL, one of the leading Indian companies manufacturing goods of daily use, has presented the figures for the September quarter of this financial year. Based on these data, it has been found that in the second quarter of the financial year 2024-25, the company's profit has decreased by 2.33 percent and this profit has come down to Rs 2,595 crore.
While informing the financial results for the July-September 2024 quarter to the stock markets on Wednesday, HUL said that reduced demand from the urban market has impacted its performance. In the same quarter a year ago, HUL had earned a net profit of Rs 2,657 crore. However, revenue from sales of products increased by 2.36 percent to Rs 15,703 crore in the review period. In the same quarter a year ago, the company's sales revenue was Rs 15,340 crore.
performed profitably
HUL owns popular brands like Surf, Rin, Lux, Ponds, Lifebuoy, Lakme, Brooke Bond, Lipton and Horlicks. Rohit Java, Chief Executive Officer, i.e. CEO and Managing Director, HUL, said, “The September quarter saw a slight increase in demand for FMCG in urban markets, while gradual improvement continued in rural areas. “In this context, we delivered a competitive and profitable performance.”
total income decreased
HUL company's total expenses in the September quarter stood at Rs 12,581 crore, which is 3.03 percent higher on an annual basis. During this period, HUL's total income increased by 2.14 percent to Rs 16,145 crore as compared to the same quarter a year ago.
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Expected to maintain momentum
HUL Chief Financial Officer (CFO) Ritesh Tiwari said on the quarterly results, “Two-thirds of our business is in the urban sector while one-third is in rural areas. Our lead in the urban market has moderated. As far as the rural market is concerned, disposable income has declined due to inflation.” He said that demand trends are expected to remain stable in the near future and the pace of growth will continue.
(with agency input)
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