Don’t miss the latest developments in business and finance.

Hindustan Unilever second-quarter profit jumps nearly 20 percent, beats estimates

Image
Reuters
Last Updated : Oct 12 2018 | 6:15 PM IST

(Reuters) - India's consumer major Hindustan Unilever Ltd reported a 19.5 percent rise in its September-quarter profit, beating analysts' estimates, as sales at its home-care segment jumped.

Profit rose to 15.25 billion rupees ($207.08 million) in the three months ended September 30, compared with 12.76 billion rupees a year earlier, the company said in a statement https://www.bseindia.com/xml-data/corpfiling/AttachLive/8bdbcb85-56c7-48ad-8cdd-2c10d5e85afe.pdf.

Analysts, on average, had expected a profit of 14.37 billion rupees, according to I/B/E/S data from Refinitiv.

Revenue from the Mumbai-headquartered company's home-care segment, which includes brands such as Vim and Surf Excel, rose 12.4 percent to 30.80 billion rupees.

($1 = 73.6425 Indian rupees)

More From This Section

(Reporting by Sharnya G in Bengaluru; Editing by Vyas Mohan)

Also Read

First Published: Oct 12 2018 | 6:05 PM IST

Next Story