HUL puts demonetisation impact behind; Q4 net up 6% at Rs 1,183 cr

Q4 result: 6.2% increase in net profit compared to the corresponding quarter of the previous year

Hindustan Unilever (HUL), the country’s largest consumer goods company, lived up to the expectations of a good March-quarter result, reporting on Wednesday a 6.2 per cent increase in net profit compared to the corresponding quarter of the previous year.

The maker of Dove shampoo and Knorr soups saw its fourth-quarter net profit come in at Rs 1,183 crore, ahead of Street estimates. Bloomberg consensus estimates for the March quarter had pegged HUL’s net profit at Rs 1,085 crore, but the actual number was ahead of the estimates by nine per cent.

Fourth-quarter net sales of HUL, though, came in just below Bloomberg