Unilever India Beats Estimate Helped by One-Time Gains (2)

Hindustan Unilever Ltd.’s quarterly profit exceeded estimates as a one-time gain cushioned pain from disruption in its supply chain brought by a consumption tax cut in India.

The Mumbai-based unit of Unilever Plc, also known as HUL, reported a net income of 26.9 billion rupees ($306 million) for the quarter ended Sept. 30, up 3.1% from a year earlier, according to an exchange filing Thursday. This beat the average analyst estimate of 24.44 billion rupees.

Shares rose as much as 3% in Mumbai trading — the most in over two months — before paring gains.

The firm that’s ...