HUL Q3 PROFIT UP 28&, BEATS STREET ESTIMATES

摘要

Hindustan Unilever (HUL), the largest consumer goods company in the country, reported a nearly 28 per cent year-on-year rise in profit in the October-December 2017-18 quarter (Q3FY18), putting behind it the challenges of demontisation and the goods and services tax (GST) roll-out. The quarter under review, HUL did gain from a lower base: In the same quarter last year (Q3FY17), its volume growth had declined 4 per cent after the government banned high-value notes in November 2016. The current performance was also way ahead of Street estimates. Net profit touched Rs. 13.26 billion; a Bloomberg consensus estimate was Rs.11.67 billion.