Hindustan Unilever’s total income in the March quarter stood at Rs8,969 crore, up 6.3% from Rs8,430 crore a year ago. Photo: MintMumbai: Hindustan Unilever Ltd (HUL), India’s largest packaged consumer goods maker, on Wednesday reported fiscal fourth-quarter earnings that beat analyst estimates, indicating the worst of demonetization’s impact on public spending is behind it. The seller of Surf detergent, Dove soap and Kissan ketchup, said profit rose 6.1% from a year ago to Rs1,183 crore in the three months to 31 March. Sales rose 6.3% to Rs8,969 crore, also beating an estimate of Rs8,149.3 crore by a Bloomberg poll of 24 analysts. In the March quarter, HUL’s earnings were bolstered by a 4% increase in sales volumes, although rural sales still lagged urban numbers.

Source: Mint May 17, 2017 10:52 UTC