Hindustan Unilever net profit rises by 11 per cent

Mumbai: Hindustan Unilever Ltd stated that its fourth-quarter net profit rose 11 per cent year-on-year, beating analyst estimates even as its sales lagged estimates.

The Indian unit of Anglo-Dutch Unilever Pl made a net profit of 8.7 billion rupees ($143.4 million) 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 per cent 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.