Hindustan Unilever races past hurdles to GST transition

Net profit increases 16% year-on-year, beats estimates

The country's largest consumer goods company raced past challenges springing from the shift to a nationwide Goods and Services Tax (GST). For the July-September period that saw the introduction of GST, Hindustan Unilever Ltd (HUL) reported a 16 per cent year-on-year increase in net profit to Rs 1,276 crore, beating Street estimates.
 
Bloomberg consensus estimate had pegged net profit at Rs 1,196 crore for the September quarter. Net sales were in line with Bloomberg consensus estimate at Rs 8,199 crore, an increase of 6.52 per cent over Rs 7,697 crore clocked in the corresponding period last year.

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