Hindustan Unilever fourth-quarter net profit up 11 percent, beats forecast
MUMBAI (Reuters) - Hindustan Unilever Ltd said on Monday its fourth-quarter net profit rose 11 percent year-on-year, beating analyst estimates even as its sales lagged estimates.
The Indian unit of Anglo-Dutch Unilever Plc made a net profit of 8.7 billion rupees (85.16 million pounds) for the quarter ending March 31, compared with a profit of 7.87 billion rupees in the same period a year earlier.
Sales at India's largest manufacturer of household products and consumer goods rose 8.9 percent to 69.4 billion rupees, lower than estimates.
Analysts had expected a net profit of 8.5 billion rupees and net sales of 70 billion rupees for the quarter, according to Thomson Reuters Starmine Estimates.
(Reporting by Nandita Bose; Editing by Gopakumar Warrier)
