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Hindustan Unilever posts 18% profit rise, but shares drop due to rising crude oil costs.
Hindustan Unilever reported an 18% increase in quarterly profit, reaching $307.57 million, driven by strong home-care sales and recovering demand.
However, the company faces headwinds from rising crude oil prices due to the Middle East conflict, which are pressuring margins.
To counter these cost pressures, Hindustan Unilever is implementing price increases and cost-cutting measures, though its shares fell nearly 3% following the results.
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Hindustan Unilever registra un aumento de ganancias del 18%, pero las acciones caen debido al aumento de los costos del petróleo crudo.