Hindustan Unilever Q3 net profit rises 22%

FMCG major Hindustan Unilever (HUL) Monday posted a 21.91 per cent increase in net profit to Rs 1,062.31 crore in the quarter ended December 31.

The company had posted a profit of Rs 871.36 crore in the third quarter of the previous financial year.

Net sales rose 9.38 per cent to Rs 7,037.78 crore from Rs 6,433.69 crore, Hindustan Unilever Ltd (HUL) said in a statement.

"Our growth has been competitive and profitable and the results are a reflection of how we dynamically managed the business despite the headwinds in the environment," HUL Chairman Harish Manwani said in the statement.

During the quarter, the company's domestic consumer business grew 10 per cent, with a 4 per cent underlying volume growth.

HUL shares gained 1.71 per cent to Rs 575.55 on the BSE.