Indian food and consumer goods company Hindustan Lever has posted a 12.5% rise in quarterly profit on a like-for-like basis, beating analysts’ forecasts.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company, which is 51% owned by Anglo-Dutch consumer goods giant Unilever, reported net profit of Rs4.51bn (US$97.6m), for the second quarter to 30 June, compared to Rs4.01bn before extraordinary items a year earlier.
Net sales rose 3% to Rs27.93bn. Analysts had been expecting, on average, net profit of Rs4.27bn, on net sales of Rs27.51bn.
Like Unilever, Hindustan Lever has embarked on a strategy of focusing on its “power” brands, and said it is confident the strategy will “continue to deliver sustained growth”.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
