Hindustan Unilever shares surge on sales volume results

  • Reuters, Mumbai
  • Updated: Oct 28, 2013 09:52 IST

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.

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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