business
Hindustan Unilever to Take More Price Hikes
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Hindustan Unilever (HUL) will take more price increases in the coming months due to volatile commodity costs, despite stable demand for household staples.
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Hindustan Unilever to Take More Price Hikes
Hindustan Unilever (HUL) has announced that it will take more price increases in the coming months due to volatile commodity costs. The company's demand for soaps, detergents, packaged food, and other household staples remained stable in the June quarter, but the company is facing pressure from high commodity costs. HUL projected inflation to stay in the range of 2-5% in the September quarter. The company's consumer goods business is expected to be impacted by the price hikes.
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