Hindustan Unilever ( HUL ) on Thursday reported a 3% year-on-year rise in standalone net profit for the second quarter of the current fiscal at Rs 2,690 crore, aided by one-time gains. However, its standalone revenue came in nearly flat, at Rs 15,585 crore due to trade disruptions caused by the GST rate changes in September and extended rainfall in several parts of India.

Bloomberg consensus estimated had pegged standalone revenue at Rs 15,840 crore for the September quarter, while net profit was forecast at Rs 2,457 crore for the period. Shares of HUL rose as much as 3% intra-day on Thursday on the BSE before paring gains.

On a consolidated basis, net profit rose 4% y-o-y to Rs 2,694 crore, while revenue grew nearly 2% versus last year to Rs 16,061 crore. The company’s underlying

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