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India

India's Hindustan Unilever June qtr profit up about 9 pct


Tuesday, 18 Jul 2017 

July 18 (Reuters) - Hindustan Unilever Ltd :June quarter net profit 12.83 billion rupees versus profit of 11.74 billion rupees last year.Consensus forecast for June quarter net profit was 11.74 billion rupees.June quarter total income 93.35 billion rupees versus 89.10 billion rupees last year.Says "remain positive on medium term outlook for industry".Says in quarter stock pipelines remained low and varied across categories.Says water business witnessed a muted quarter due to lower trade purchases, destocking before GST implementation.