HUL’s real estate the secret behind its healthy state, sale of realty assets fetches co Rs 672 cr in profits

by Paul Joseph on March 16, 2013 · 0 comments

14 Mar, 2013, 0701 hrs IST, Kailash Babar & Sagar Malviya, ET Bureau HUL’s real estate the secret behind its healthy state, sale of realty assets fetches co Rs 672 cr in profits MUMBAI: It could very well be Hindustan Unilever’s 36th brand and one of its most profitable. But unlike its nearly three dozen brands, it’s not sold in shops. Sale of real estate properties and residential apartments have earned the country’s largest consumer goods firm over Rs 672 crore in profits during the last four quarters. That’s almost double the profit of one of its core segments — beverages and foods — that house brands such as Knorr

[via India Properties – Real Estate India – Indian Property News Site]

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