Hindustan Unilever second-quarter profit up 16 percent

Hindustan Unilever Ltd posted a 16 percent rise in quarterly profit on Wednesday, beating estimates.

Profit rose to 12.76 billion rupees ($195.98 million) in the quarter ended Sept. 30, compared with 10.96 billion rupees a year earlier, the diversified consumer goods maker said. http://bit.ly/2ixAF3g

Analysts polled by Thomson Reuters estimated a profit of 11.85 billion rupees on average.

Add Zee Business as a Preferred Source

($1 = 65.1100 Indian rupees)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)