Hindustan Unilever shares surge on sales volume results

Reuters Posted online: Monday, Oct 28, 2013 at 0000 hrs
Mumbai : Shares in India's Hindustan Unilever Ltd (HUL) rose as much as 4.2 per cent on Monday after the company's sales volumes in the July-September quarter grew 5 per cent, in line with market estimates of 4-5 per cent growth.

Traders had worried Hindustan Unilever would miss its sales volume estimate.

A strong show in major businesses, especially in the rural markets, helped FMCG giant Hindustan Unilever (HUL) has reported 13.24 per cent rise in net profit at Rs 913.8 crore in the September quarter, up from Rs 806.92 crore a year ago. Analysts had on average estimated a net profit of 8.7 billion rupees.

Hindustan Unilever shares were up 1.6 per cent at 0355 GMT, stronger than a 0.3 per cent gain in the broader NSE index.