HUL anticipates inflation for next few quarters
BRAND-NEW DELHI: FMCG significant HUL anticipates the operating environment to stay tough in the near term as inflation is most likely to continue for the next few quarters. In order to conquer the difficulty, the company is embracing a’bridge pack method’, under which it will present products loads priced in between the existing greatest and the most affordable rates, according to company officials. While the company will continue to drive cost savings’more difficult’, it will likewise take calibrated rate boosts however predicts a decrease in margins in the short-term.”Looking ahead, the near-term operating environment will remain tough. We expect to see more sequential inflation. Growth will be predominantly price-led. We will continue to drive savings more difficult and take calibrated prices actions, “HUL CFO Ritesh Tiwari said.
Published at Sun, 08 May 2022 23:26:02 +0000