Hindustan Unilever Q3 net up 16 pc at Rs 871 cr

HUL posted a 16% jump in third-quarter net profit, but low volume growth and a rise in royalty payments knocked its shares down as much as 5%.

By PTI | Updated: Jan 22, 2013, 04.14 PM IST

NEW DELHI: FMCG major Hindustan Unilever Ltd today reported a 15.59 per cent jump in net profit to Rs 871.36 crore for the third quarter ended December 31, 2012.

The company had posted a net profit of Rs 753.81 crore during the same period of the previous fiscal.

Net sales of the company rose to Rs 6,433.69 crore for the third quarter ended December 31, 2012, as against Rs 5,844.31 crore during the same period of 2011-12 fiscal, Hindustan Unilever Ltd (HUL) said in a statement.

In a separate statement, the company said it has inked an agreement with Unilever Plc for the provisions of tehnology, trademark licences and other services to HUL.

Shares of HUL today closed at Rs 481.55 on the BSE, down 2.88 per cent from their previous close.

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