HUL Q2: Rising input costs face off against healthy demand growth2 min read 15 Oct 2018, 08:05 AM IST
While HUL sales rose by 11.5% in Q2, its costs increased by 12.9% over a year ago, reflecting the creeping effect of inflation in crude oil-based inputs and rupee fall
Indian consumers have been vocal critics of rising fuel prices. The government had to finally relent and lower excise duties, and even asked state-run petroleum firms to cut prices. Viewed in this backdrop, Hindustan Unilever Ltd’s (HUL’s) cautious approach to price hikes makes sense. A sharp increase in consumer product prices in the run-up to elections next year may attract unwanted attention.
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