Hindustan Unilever Ltd Q3 net profit up 16% at Rs 871 cr
business is consistently winning in the marketplace by remaining sharply focused on the needs of our large consumer base and successfully leveraging Unilever's strong global innovation pipeline and best practices," Manwani added.
During the period under review, the company's sales of soaps and detergents grew by 20 per cent as against the same period of 2011-12 fiscal.
Other segments like personal care products and beverages grew by 13 per cent and 18 per cent respectively, the company said.
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Hindustan Unilever Q3 rises, shares fall on higher royalties
MUMBAI, Jan 22 (Reuters) - Hindustan Unilever Ltd (HUL) , India's largest consumer goods maker, reported a 16 percent jump in third-quarter net profit, but low volume growth and a rise in royalty payments knocked its shares down as much as 5 percent.
Less discretionary spending among consumers cut sales of products such as packaged foods and personal care items, but higher prices and lower raw material costs aided margins.
The Indian unit of Anglo-Dutch conglomerate Unilever Plc said its net profit rose to 8.7 billion rupees ($161.7 million) for the fiscal third quarter ending Dec. 31, from 7.5 billion rupees a year earlier.
HUL's shares have fallen over 10 percent in the December quarter partially on concerns it may have to pay more in royalties, in line with Unilever in Indonesia, a move the company confirmed on Tuesday.
The royalty HUL pays to its parent company for use of its
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