Hindustan Unilever Q1 profit rises 19.17% to Rs 15.29 billion as sales grow

Net sales for the June quarter came in at Rs 93.56 billion, growing 11.37% year over year

The country’s largest consumer goods company, Hindustan Unilever (HUL), reported a 19.17 per cent year-on-year increase in net profit on Monday for the April-June 2018 quarter (Q1 FY19), as double-digit sales volume growth continued for the third straight quarter, aided by a lower year-ago base. 

Net profit at Rs 15.29 billion was in line with Bloomberg consensus estimates, which came in at Rs 15.40 billion. Revenue, which is net sales plus other operational income, missed Street estimates, however, growing 11.2 per cent year over year to Rs 94.87 billion. Bloomberg consensus estimates had pegged revenue at Rs 96.69 billion for