RIL’s profit beat the Bloomberg estimate of ₹18,080 crore, but weakness in the core oil-to-chemical business is proving to be a headache for the Mukesh Ambani-led conglomerate.
Hindustan Unilever Ltd.’s third-quarter profit rose but missed analysts' estimates on account of weak demand, especially in the hinterlands.
The consolidated net profit of India’s largest consumer goods maker increased 1.1% over the preceding year to Rs 2,508 crore in the quarter ended December, according to an exchange filing. That compares with the Rs 2,664.5 crore consensus estimate of analysts tracked by Bloomberg.