Hindustan Unilever Q2 Results: Mixed Performance Amid Cost Reductions
A good point from the report was that Hindustan Unilever's costs for selling and administration went down.
In the past year, the highest price the stock reached was ₹3035, and the lowest was ₹2172.05.
Hindustan Unilever, a major player in India's fast-moving consumer goods sector, announced its Q2 results on October 23, 2024.
The company reported a year-on-year revenue increase of 1.94%, although its profit took a hit, declining by 2.45%.
When compared to the previous quarter, revenue rose by 1.39%, but profit fell by 0.73%.
A good point from the report was that Hindustan Unilever's costs for selling and administration went down.
These expenses dropped by 0.6% from the last quarter and 7.38% compared to last year. Lower costs can help the company handle the drop in profit better.
Operating income rose by 2.14% from the last quarter, but it fell by 1.6% compared to the same period last year. For Q2, the earnings per share (EPS) was ₹11.08, which represents a 2.08% decline from the previous year.
Hindustan Unilever's stock has had some ups and downs. Over the past week, it went down by 4.38%, which means the price dropped. However, if we look at the last six months, the stock did much better, going up by 17.66%.
Since the beginning of this year, it has seen a small drop of 0.17%.
Hindustan Unilever is currently worth ₹624,826.8 crore. In the past year, the stock price went as high as ₹3035 and as low as ₹2172.05. As of October 24, 2024, experts have mixed opinions about the stock.
As of October 24, 2024, analysts have mixed opinions on the stock. Out of 37 analysts reviewing Hindustan Unilever, 6 recommend selling the stock, 11 suggest holding it, 12 advise buying, and 8 say it’s a strong buy.
Overall, most analysts are optimistic and recommend buying the stock.
