Hindustan Unilever expects to take more price hikes to combat the rather sharp rise in vegetable oil prices
Demonetisation did not have a catastrophic impact on Hindustan Unilever Ltd’s (HUL’s) December quarter performance. Sure, its domestic consumer business did decline by 4% in volume terms over a year ago but that was not all due to the currency ban. A second consecutive quarter of price hikes in the soaps business continued to affect sales. The company management said in a conference call that a large part of the decline in the personal care segment was due to the soaps business.