Friday, 15 January 2016

Results on HUL Q3 Disappoints Net Down 22% on Provision; Volume Growth 6%

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Hindustan Unilever's October-December quarter earnings disappointed analysts on Friday with profit sinking 22.4 percent year-on-year to Rs 971 crore despite lower raw material prices. Exceptional loss, slow revenue growth and lower other income hurt profitability.
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