Hindustan Unilever Ltd. (500696.BY) Tuesday said net profit for the fiscal third quarter slipped 1.7% to INR6.38 billion from INR6.49 billion a year earlier, as a steep rise in raw material costs led to a contraction in its operating margin.

Sales in the three months through December rose 12% to INR50.27 billion from INR45.04 billion.

The average forecast in a Dow Jones Newswires poll of 10 analysts was for HUL to post net profit of INR6.50 billion on sales of INR50.77 billion.

Hindustan Unilever is India's largest consumer goods maker by sales.

-By Rumman Ahmed, Dow Jones Newswires; 91-9845104173; rumman.ahmed@dowjones.com
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