Photo: S. Kumar/MintMumbai: Hindustan Unilever Ltd (HUL) on Wednesday reported strong quarterly sales and profit growth, signalling that consumer demand is recovering. HUL’s net profit rose 28% in the three months ended December to Rs1,326 crore, beating the Rs1,156 crore profit estimate of analysts surveyed by Bloomberg. Still, adjusting for the note ban and the effects of GST, the numbers indicate a demand recovery, said analysts. On a like-to-like basis, home care sales grew 20% and personal care by 17%. HUL’s management was cautiously optimistic about demand growth.

Source: Mint January 17, 2018 10:41 UTC