New Delhi, Oct 21: FMCG major Hindustan Unilever Limited (HUL) on Thursday reported 0.48% year-on-year dip in consolidated net profit at Rs 2,657 crore for the quarter ending September 2023 (Q2).
The company had posted net profit of Rs 2,670 crore in the same quarter last year.
For the July-September quarter of 2023-24, HUL reported 3.62% year-on-year increase in total income at Rs 15,806 crore as against Rs 15,253 crore in the same period a year ago.
Rohit Jawa, CEO and Managing Director, HUL said that the company delivered a resilient and competitive growth in a challenging operating environment, marked by subdued rural demand and heightened competitive intensity.
“Looking forward we remain cautiously optimistic. FMCG demand is likely to continue a gradual recovery with tailwinds from the upcoming festive season, sustained buoyancy of services and Government’s thrust on capex,” Jawa said.
“At the same time, we need to be watchful of volatile global commodity prices as well as the impact of monsoon on crop output and reservoir levels,” he further said.
The HUL Board declared an interim dividend of Rs 18 per share for the year ending 31st March 2024.
