Hindustan Unilever July-Sept net up 32%

Hindustan Unilever, a unit of Anglo-Dutch group Unilever Plc, posted a 32 per cent rise in quarterly net profit, beating forecasts, thanks to a one-time gain.

Hindustan Unilever, a unit of Anglo-Dutch group Unilever Plc, posted a 32 per cent rise in quarterly net profit, beating forecasts, thanks to a one-time gain.

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India's largest household products and consumer goods maker said net profit rose to 5.66 billion rupees ($128 million) for the fiscal second quarter ended Sept 30 from 4.29 billion rupees a year earlier.

Consensus forecast of analysts was 5.2 billion rupees.

The firm posted a one-time gain of 404.4 million rupees in the quarter, compared with an exceptional loss of 1.35 billion rupees a year ago.

Revenue grew 11 per cent to 46.81 billion rupees.