Here we are sharing a piece of big news with you Hindustan Unilever Limited is a British-owned Indian consumer goods company headquartered in Mumbai. It is a subsidiary of the British company Unilever. Reportedly, Hindustan Unilever company is going to declare its financial results for the second quarter of FY24 on Thursday, 19 October 2023. Since the news has come on the internet it went viral on many social networking sites. Now many people are super curious to know about the whole information about the news. In this article, we will try to cover all the information about the news.
The board meeting of the Fast Moving Customer Goods (FMCC) is scheduled to happen today to support the financial statement and to evaluate the submission for payment of an Interim Dividend, if any, for the July-September quarter of FY24. The FMCC majority of companies have hoped to see muted volume development. The sector as a whole is hoped to witness quieted volume growth. Analysts assert that August 2023 had the lowest rainfall deficit of any month in over a century, counting 36% delaying the rescue of rural areas. Scroll down to the next page for more information about the news.
Brokerage Nuvama in its report ” Volume growth will be suppressed with most firms probably to turn in low to mid-single digit volume growth. August 2023 recorded the lowest rainfall in over 100 years with a 36% deficit, thereby impeding rural recovery”. Hinsutrain Unilever’s income is predicted to moderate on the backdrop of cost reductions, cost hikes for universalization, and a deferred festive season. Since the news came on the internet uncounted reactions started hitting the headlines as people are super keen to know about the whole information. You are on the right page for more information about the news, so please read the complete article.
As far as we know, Based on the middle estimate of four brokerages, income for the quarter finishing in September is predicted to be in the range of 4%-6%, while earnings after taxes are hoped to be in the range of 2%-8%. The FMCC firm posted standalone net proceeds for the quarter finished on 30 June 2023 at 2,472 crores-up 8% from 2,289 crores in the year-ago period. Total sales standalone in at 14,931 crores, an increase of 7% during the quarter. Here we have shared all the information that we had if we get any information then we will update you soon. Stay tuned to us for more updates.