Hindustan Unilever Ltd.'s third-quarter profit rose 18.9% year-on-year, beating analysts' estimates. The consolidated net profit of India's largest consumer goods maker rose to Rs 2,984 crore in the quarter-ended December, according to an exchange filing. That compares with the Rs 2,659-crore consensus estimate of analysts tracked by Bloomberg.

According to a Moneycontrol poll of nine brokerages, Hindustan Unilever's net profit for the quarter is likely to come in at Rs 2,587 crore.

Hindustan Unilever Ltd. posted quarterly profit that beat estimates boosted by one-time gains even as the consumer goods giant faces a consumption slowdown in the world’s most-populous nation.