Mumbai: Hindustan Unilever Ltd on Monday said first-quarter net profit rose 4 percent on year, beating analyst estimates.
The Indian subsidiary of Anglo-Dutch parent Unilever made a net profit of Rs 10.57 billion ($175.9 million) for the three months ended June 30, from Rs 10.19 billion in the same period a year earlier.
Sales by India`s largest manufacturer of household products and consumer goods rose 13 percent to Rs 75.7 billion.
Analysts had estimated net profit of Rs 9.66 billion and net sales of Rs74.3 billion, according to Thomson Reuters StarMine.
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