HINDUSTAN UNILEVER (HUL), The country's largest consumer goods company, reported a better-thanexpected net profit for the quarter ended September 30 (Q2FY24) on the back of resilient consumer spending, largely in urban areas. The Mumbai-based unit of Unilever, which makes Dove shampoo and Rin detergent bars, posted a 3.9% rise in net profit to â¹2,717 crore, beating the Bloomberg consensus estimate of â¹2,581 crore for the period.
Revenue rose 3.6% to 15,276 crore compared with the year-ago period. Bloomberg consensus estimates had pegged revenue at â¹15,520 crore. Earnings before interest tax depreciation and amortisation (Ebitda) came in at 3,694 crore,marginally ahead of the Bloomberg consensus estimate of 3,613 crore.And Ebitda margins came in at 24.2% versus 22.9% reported last year. This was ahead of Bloomberg consensus estimates of 23.2% for the period.
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