HUL reports Q3 FY 13 net profits of Rs 871 crores

FMCG major Hindustan Unilever has reported a Q3 FY 13 profit of Rs 871 crores, which was marginally below expectations.

Operating margin improved by 40 basis, during the quarter ended Dec 31, 2012, as compared to the corresponding quarter.

New royalty cost of 3.15 per cent of turnover has been approved. The stock of Hindustan Unilever plunged following reports of the royalty payment.

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