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HUL net up 22% to Rs 1,062 cr, beats estimates

Sales rise 9.5% to Rs 7,038 crore

Reuters  |  Mumbai 

Hindustan Unilever said on Monday its third-quarter net profit rose 22% year-on-year, beating analysts' forecasts, even as its sales lagged estimates. The company reported net profit of Rs 1,062 crore in the third quarter compared to a profit of Rs 871 crore in the same period a year ago. Sales at India's largest manufacturer of household products and consumer goods rose 9.5% year-on-year to Rs 7,038 crore, slightly lower than estimates. Analysts had expected a net profit of Rs 930 crore and net sales of Rs 7,130 crore for the quarter, according to Thomson Reuters Starmine ...

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First Published: Mon, January 27 2014. 15:22 IST