HUL Strategies Amidst GST Challenges: Anticipating Growth

HUL anticipates a low-single-digit price increase in the coming quarters, focusing on volume-led growth. The firm deals with GST impacts and aims to stabilize prices. CFO Ritesh Tiwari reports a positive macro environment and premiumization potential, expecting improved trading conditions in the year's second half.

FMCG giant Hindustan Unilever Limited (HUL) is preparing for a tentative low-single-digit price growth in the months ahead, as stated by Chief Financial Officer Ritesh Tiwari. This expectation comes amid efforts to counteract the impact of Goods and Services Tax (GST) rates on certain product categories.

Despite reporting flat volume-led growth in the September quarter, largely due to GST transition issues, HUL is optimistic about achieving volume-driven growth in the latter half of the financial year. The company aims to stabilize market prices and enhance performance, Tiwari revealed in a recent earnings call.

HUL's income rose slightly in the first half of the fiscal year, with a focus on innovation and transforming its portfolio. Tiwari noted a positive macroeconomic environment and stable demand patterns in urban and rural markets, paving the way for potential growth and increased consumer access to premium products.

(With inputs from agencies.)