By Preetika Rana
NEW DELHI-- Hindustan Unilever Ltd., India's largest fast-moving
consumer goods company, said its net profit rose 18% last quarter
thanks to strong demand for its personal-care products.
The Indian unit of Unilever PLC posted a net profit of 12.52
billion rupees ($202 million) for the three months ended in
December, compared with 10.62 billion rupees a year earlier. The
company's sales rose 8% to 75.79 billion rupees.
"We have delivered another quarter of competitive growth and
margin improvement," Hindustan Unilever Chairman Harish Manwani
said in a statement.
Hindustan Unilever sells its products including soaps, shampoos
and soups through hundreds of thousands of tiny shops across the
subcontinent. Sales of its products, which include Axe deodorant
and Lipton tea, are widely-seen as an indicator of consumer
sentiment in Asia's third-largest economy.
Its shares fell 6% to 889.05 rupees Monday.
Write to Preetika Rana at preetika.rana@wsj.com
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