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flag Hindustan Unilever posts 18% profit rise, but shares drop due to rising crude oil costs.

flag Hindustan Unilever reported an 18% increase in quarterly profit, reaching $307.57 million, driven by strong home-care sales and recovering demand. flag However, the company faces headwinds from rising crude oil prices due to the Middle East conflict, which are pressuring margins. flag 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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