New products, innovations earn HUL ₹900 cr in 2 years
SummaryThe company launched brands like Acne Squad, Find Your Happy Space and Novology, among others. However, HUL's chairman Nitin Paranjpe flagged ‘short-term’ challenges due to inflation and supply chain disruptions caused by the pandemic.
New Delhi: Packaged consumer goods firm Hindustan Unilever Ltd on Monday said it clocked ₹900 crore in incremental revenue over the past two years, as it strategically intensified its digital-first launches in response to rising competition in India’s fast-moving consumer goods market. The company management said innovations and new product offerings played a significant role in achieving this feat.