Hindustan Unilever posts bigger quarterly profit to Rs 1018 cr as demand grows

Hindustan Unilever, the Indian unit of Anglo-Dutch consumer group Unilever, reported a better-than-expected quarterly profit as shoppers bought more of its soaps, shampoos and other domestic products.

hidden May 08, 2015 16:09:40 IST
Hindustan Unilever posts bigger quarterly profit to Rs 1018 cr as demand grows
Hindustan Unilever posts bigger quarterly profit to Rs 1018 cr as demand grows

Reuters

Hindustan Unilever, the Indian unit of Anglo-Dutch consumer group Unilever, reported a better-than-expected quarterly profit as shoppers bought more of its soaps, shampoos and other domestic products.

The company said on Friday its standalone net profit for the quarter ended March 31 was Rs 1018 crore ($159.14 million), compared with Rs 872 crore a year earlier.

Analysts on average were expecting a profit of  Rs 967 crore, according to Thomson Reuters data.

Hindustan Unilever sells Lux soap, Lipton tea and Dove through thousands of mom-and-pop shops as well as big retailers across the country. Sales at the company are widely seen as an indicator of consumer demand in the country.

Reuters

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Unilever sales dip 1.8% due to slide in emerging markets' currencies
Business

Unilever sales dip 1.8% due to slide in emerging markets' currencies

It had already warned in September that a slowdown in markets such as Indonesia, Brazil and India had accelerated and it expected quarterly underlying sales growth of only 3 percent to 3.5 percent.

With 10 Rs 1,000 crore brands in India, can HUL take on global rivals?
Business

With 10 Rs 1,000 crore brands in India, can HUL take on global rivals?

With sales of Rs 100 crore in 2007, the personal care brand has grown ten times in just over five years.