HUL Q4 results: "Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter at Rs 3,535 crore (Q4 FY23: Rs 3,574 crore) declined by 1 per cent. EBITDA margin at 23.5 per cent declined by 40 bps vs Q4 FY23," HUL stated.
The management said that while its beauty product line primarily targets urban consumers, it would be inaccurate to suggest that rural markets are neglected
"Amid rising optimism about AI, US markets surged over the weekend. However, domestic markets exhibited a subdued trend influenced by extended holidays, low volumes, and weekly option expiration," Vinod Nair, Head of Research, Geojit Financial Services said.