HUL Q1 net profit more than doubles to Rs 1,330 cr

Net up 111% from Rs 630 cr a year ago after a one-time gain from sale of properties

Hindustan Unilever, the Indian unit of Anglo-Dutch Unilever Plc , said net profit for the first quarter more than doubled to 13.3 billion rupees, after a one-time gain from sale of properties.

The largest Indian household products and consumer goods maker said on Monday its net profit rose 111 percent for the fiscal first quarter ended June 30 from 6.3 billion rupees a year earlier.

Analysts, on average, had expected a net profit of 6.94 billion rupees, according to Thomson Reuters I/B/E/S.