 "HUL Q2 net up 8% at Rs 988 crore, matches estimates")
Hindustan Unilever Ltd, the Indian unit of consumer goods giant Unilever Plc, said second-quarter net profit grew 8%, in line with estimates as sales remained robust despite slower economic growth.
Standalone net profit rose to Rs 988 crore for the three months to Sept 30 from Rs 914 crore a year earlier, Hindustan Unilever said in a statement.
Analysts on average had expected a net profit of Rs 988 crore, according to data compiled by Thomson Reuters.
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Total income came in at Rs 7,639 crore in the quarter ended 30 September, 2014.
The company's operating margin was 16.3%, and EBITDA was Rs 1,242 crore.
HUL reported a 5% volume growth in the quarter. The company declared a dividend of Rs 6 per share.
HUL shares were trading down 2.7% at Rs 737.50 on the BSE at 2:40 pm.
HUL shares were trading down 2.7% at Rs 737.50 on the BSE at 2:40 pm.