BENGALURU (Reuters) – India’s Hindustan Unilever (HUL) reported a bigger-than-expected rise in quarterly profit on Thursday, as higher sales helped make up for a rise in raw-material costs.
Profit rose to 25.05 billion rupees ($307.97 million) for the third quarter ended Dec. 31, from 22.43 billion rupees a year ago, said HUL, the India unit of Unilever.
Analysts on an average had expected a profit of 24.76 billion rupees, according to IBES data from Refinitiv.
($1 = 81.3390 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru and Praveen Paramasivam in Chennai; Editing by Nivedita Bhattacharjee)
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