Hindustan Unilever in Q2 posts Rs. 1525 crore profit, beats the estimate of its analysts

Hindustan Unilever in Q2 posts Rs. 1525 crore profit, beats the estimate of its analysts

Hindustan Unilever Ltd has reported a 19.5% rise in its September quarter of profit, which beats the estimate made by the analysts, as sales rate of its home-care segment jumped a great high. Within three months, profit of the company rose to $207.08 million (Rs. 1525 crore) ended on 30th September, which is compared to that of a year earlier at Rs. 1276 crore, in a statement stated the company.

According to the I/B/E/S date, on average analysts had expected a profit of Rs. 1437 crore for Hindustan Unilever.

Revenue incurred from the Mumbai-headquartered company’s home-car segment that includes brands such as Surf Excel and Vim rose by 12.4% to Rs. 3080 crore.

At present, 1 Dollar equal to Rs. 74.6425 Indian Rupee.

by Banani Sarkar on October 12, 2018

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