HUL posts 7% rise in net profit, beats expectations
HULs results beat analysts expectations due to higher sales of its skin care, hair care, and packaged food products.
Hindustan Unilever Ltd (HUL), India's largest consumer goods firm, said on Monday its fourth-quarter profit rose 7%, beating analysts' expectations due to higher sales of its skin care, hair care, and packaged food products.
Net profit for the quarter ended March was Rs 1,090 crore rupees ($164.06 million), compared with Rs 1,018 crore a year earlier.
Analysts polled by Thomson Reuters estimated a profit of Rs 1,078 crore on average.
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