Hindustan Unilever Ltd.

Hindustan Unilever (HUL) has received its board’s approval for additional investment in the equity shares of Hindustan Unilever Vitality Foundation (HUVF), a Section 25 Company, to make HUVF a Subsidiary of the company. The company has received its board’s approval for the same on October 26, 2012.

The company reported a rise of 17.13% in its net profit at Rs 806.92 crore for second quarter ended September 30, 2012 as compared to Rs 688.92 crore for the same quarter in the previous year. Total income of the company increased by 13.50% to Rs 6459.56 crore for quarter under review as compared to Rs 5691.23 crore for the quarter ended September 30, 2011.