Tuesday, October 19, 2021

HUL Q2 profit rises 9% | Declares dividend of ₹15 | What to do now ?


HUL Q2 profit rises 9% to 2,187 cr, declares interim dividend of 15

Hindustan Unilever reported a standalone net profit of 2,187 crore for the September quarter, an increase of 9% from 2,009 crore reported in the same quarter last year.

On a sequential basis, the profit after tax (PAT) grew 6% from 2,061 crore in the June quarter.

The company's earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 3,132 crore for the reporting period, and the margins stood at 25%.

HUL's domestic consumer business recorded a growth of 11% over last year during the September quarter.

The company has also declared an interim dividend of 15 per equity share for the financial year ending 31 March, 2022.

What to do?
Today stock seen 3-4 % fall of result . But this can be utilised as a buying opportunity as 2547 - 2482 is good buying zone.  Again stock can test 2874 in short term after recent correction and consolidation.


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