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HindustanTimes Sat,19 Apr 2014

Hindustan Unilever shares surge on sales volume results

Reuters  Mumbai, October 28, 2013
First Published: 09:50 IST(28/10/2013) | Last Updated: 09:52 IST(28/10/2013)

Shares in Hindustan Unilever Ltd rose as much as 4.2% on Monday after the company's sales volumes in the July-September quarter grew 5%, in line with market estimates of 4-5% growth.

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Traders had worried Hindustan Unilever would miss its sales volume estimate.

The company said on Saturday its net profit in the September quarter rose an annual 13.2% to 9.14 billion rupees ($148.39 million). Analysts had on average estimated a net profit of 8.7 billion rupees.

Hindustan Unilever shares were up 1.6% at 0355 GMT, stronger than a 0.3% gain in the broader NSE index.

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