FMCG major Hindustan Unilever (HUL) announced on Monday a rise in second quarter profit of 8.14% to Rs 9.88 billion for the quarter ended Sept. 30, 2014 as compared to net profit Rs 9.14 billion in the same period last year. Market was expecting profit to come at Rs 9.9 billion.

Total income has increased by 10.83% to Rs 76.39 billion for the quarter ended Sept. 30, 2014 from Rs 68.93 billion in the year ago period.

During the quarter, the domestic consumer business grew at 10%, ahead of market, with 5% underlying volume growth. Operating margin came at 16.3%.

The company reported exceptional gain of Rs 487 million during the quarter.

Shares of the company declined Rs 23.7, or 3.13%, to trade at Rs 734.20. The total volume of shares traded was 172,412 at the BSE (2.32 p.m., Monday).