NEW DELHI: Hindustan Unilever Ltd (HUL) on Wednesday reported a slight decline of 2.33 per cent in its consolidated net profit for the second quarter ended September 30. HUL's Q2 FY25 consolidated net profit stood at Rs 2,595 crore, compared to Rs 2,657 crore in the corresponding quarter of the previous year, as per the regulatory filing.
However, the FMCG major's revenue from product sales showed a modest increase of 2.36 per cent, reaching Rs 15,703 crore in the September quarter, up from Rs 15,340 crore in the same period last year.
"In the September quarter, FMCG demand witnessed moderating growth in urban markets, while rural continued to recover gradually. In this context, we delivered a competitive and profitable performance," said Rohit Jawa, HUL's CEO and managing director.
The company reported an underlying sales growth of 2 per cent and an underlying volume growth of 3 per cent for the quarter. HUL's total expenses for the September quarter increased by 3.03 per cent year-on-year, amounting to Rs 12,581 crore. The company's total income, which includes other income, rose by 2.14 per cent to Rs 16,145 crore in the September quarter of FY25.
HUL's shares closed at Rs 2,658 apiece on the Bombay Stock Exchange (BSE) on Wednesday, registering a slight decline of 0.90 per cent from the previous close.