business / news / / Times of India
Hindustan Unilever (HUL) has hiked prices by 2-5%, signalling more increases could be in the offing.
HUL has increased prices by 2-5% due to 8-10% cost inflation from rising oil prices.
KEY POINTS
- HUL achieved 6% underlying volume growth in Q4, its highest in 15 quarters.
- Proceeds from divesting its Wellbeing Nutrition stake contributed to HUL's 21% net profit growth in Q4.
- HUL has reduced trade discounts, promotions, and media spends to offset inflation-driven cost pressures.
- HUL's stock dropped 2.7% after earnings, linked to concerns over recent price hikes.
COMPANIES
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