MUMBAI, Jan 22 (Reuters) - Hindustan Unilever Ltd,
the Indian unit of Anglo-Dutch firm Unilever Plc
, posted a 16 percent jump in third-quarter net profit,
but low volume growth and a rise in royalty payments knocked its
shares down as much as 5 percent.
India's largest household and consumer goods maker posted
net profit of 8.7 billion rupees ($161.7 million) for the
quarter ended Dec. 31, up from 7.5 billion rupees a year
Analysts had expected net profit of 8.8 billion rupees,
according to Thomson Reuters Starmine Estimates.