Unilever India Surprises With Higher Profit

08/05/2015 3:33 PM IST | Updated 15/07/2016 8:25 AM IST
AP Images for Unilever Project Sunlight
THIS IMAGE DISTRIBUTED BY AP IMAGES FOR PROJECT SUNLIGHT - Gina Boswell, EVP of Personal Care for Unilever, rallies more than 16,000 youth change-makers on behalf of Unilever Project Sunlight at We Day California on Wednesday, March 26, 2014 in Oakland, Calif. Unilever Project Sunlight is a long-term initiative to motivate people to live sustainably by inspiring them to create a brighter future for children. (Photo by Alison Yin/AP Images for Unilever Project Sunlight)

MUMBAI — Hindustan Unilever Ltd., the Indian unit of Anglo-Dutch consumer group Unilever Plc., reported a better-than-expected quarterly profit as shoppers bought more of its soaps, shampoos and other domestic products.

The company said on Friday its standalone net profit for the quarter ended March 31 was 10.18 billion rupees ($159.14 million), compared with 8.72 billion rupees a year earlier.

Analysts on average were expecting a profit of 9.67 billion rupees, according to Thomson Reuters data.

Hindustan Unilever sells Lux soap, Lipton tea and Dove through thousands of mom-and-pop shops as well as big retailers across the country. Sales at the company are widely seen as an indicator of consumer demand in the country.

($1 = 63.9700 rupees)

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