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Headline : HUL Foresees FMCG Demand Improvement, No Immediate Price Hike

Read more from the original article on here at www.ndtvprofit.com.






Tags : #hul #foresees #fmcg #demand #improvement #immediate #price #hike


No. of Paragraph 16

Leading FMCG maker HUL expects an overall improvement in the demands gradually with no immediate price increase in the near term, its CFO Ritesh Tiwari said on Wednesday.

Moreover, overall FMCG demand from rural markets, which was on the decline, has started to grow sequentially and will accelerate further in the coming quarter, he said.

"We expect FMCG demand to continue improving gradually. Forecast of above-normal monsoons and improving macroeconomic indicators augur well. We expect price growth to be a low single-digit decline in the first half of FY24," said Tiwari during earning call.

Over the prices, he said if commodity prices remain where they are, then they "will plateau in mid-terms and become positive in low single-digit rates by the end of this financial year."

Read more from the original article on here at www.ndtvprofit.com.


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