Hindustan Unilever Quarterly Profit Rises 9%

Consumer goods company Hindustan Unilever reported a 9 per cent rise in quarterly profit, helped by higher sales from its personal care segment.

Profit rose to Rs 12.83 billion ($199.45 million) in its first quarter ended June 30, from Rs 11.74 billion a year earlier, the maker of products ranging from the Lakmé cosmetics to Lipton tea said on Tuesday.

Analysts on average had expected the company to post a profit of 11.74 billion rupees, according to Thomson Reuters data.

Revenue from sale of products rose about 5 percent to Rs 90.94 billion, while revenue from its personal care segment, which includes brands such as Fair & Lovely, increased 3.5 per cent.

(Reuters)