Hindustan Unilever reports big increase in sales and profits for Q2

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Hindustan Unilever, the Indian operating arm of Anglo-Dutch consumer giant Unilever, reported a big sales increase and an even bigger hike in net income on the back of strong personal care sales.

The company reported that net profit were up by 13.2% to Rs 913.80 crore on the back of a 9.6% rise in net sales to Rs 6747.20 crore for the second quarter of September 2013, compared to the corresponding period in 2012.

The company said that sales for its soaps and detergents grew by 6% during the quarter, but the performance of its personal care division was even stronger, with sales increasing by 12%.

Harish Manwani, Chairman, HUL, said of the results: "We have delivered another quarter of competitive and profitable growth. The consistency and resilience of our performance, in what has been a challenging market environment for some quarters now, is a reflection of the discipline with which we are managing our business and executing our strategy."

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