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Apr 24, 2024 04:29 PM IST
Hindustan Unilever Q4 results: The company said its profit fell to 24.06 billion rupees ($288.9 million) in the three months ended March 31.
Hindustan Unilever, the Indian arm of UK's Unilever, posted a bigger-than-expected fall in fourth-quarter profit on Wednesday, as consumers cut back on spending amid sticky food inflation, while stiff competition hurt demand.
Hindustan Unilever Q4 results: The company said its profit fell to 24.06 billion rupees ($288.9 million) in the three months ended March 31. The company, whose brands include Dove, Cif and Cornetto, said its profit fell to 24.06 billion rupees ($288.9 million) in the three months ended March 31, from 25.52 billion rupees a year earlier.
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Analysts, on average, had expected profit of 24.44 billion rupees, according to data from LSEG.
