Wed Oct 23 12:17:11 UTC 2024: **Summary of the News Article:**
– **Company Performance:** Hindustan Unilever Limited (HUL) reported a consolidated net profit of ₹2,595 crore for the second quarter of the fiscal year, ending in September 2023, marking a 2.33% decline from ₹2,657 crore in the same quarter last year.
– **Sales Revenue:** Despite the drop in profit, the company’s revenue from product sales increased by 2.36% to ₹15,703 crore, up from ₹15,340 crore in the previous year.
– **Market Insights:** HUL’s CEO, Rohit Jawa, noted a slight growth in FMCG demand in urban markets, while rural areas continued to show sequential improvement.
– **Expenses:** The total expenses for HUL in the September quarter were ₹12,581 crore, which is a 3.03% increase year-on-year.
– **Total Income:** The company’s total income rose by 2.14% to ₹16,145 crore compared to the same quarter last year.
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