02:21
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Hindustan Unilever’s (HUL) third quarter net profit jumped 17.9 percent year-on-year to Rs 1,252 crore, mainly led by income from land sale.
The bottomline came in higher than expectations of Rs 1,091 crore while the topline missed forecast, which was estimated at Rs 7,963 crore, according to the average of estimates of analysts polled by CNBC-TV18.
The FMCG major also disappointed on volume growth front, which stood at 3 percent, much lower compared to forecast of 5-6 percent and 4 percent in Q3FY14.
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Posted in: Indian Market Tips
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