Inflation issues: Unilever India announces ‘calibrated price increases’ after being hit with major palm oil and tea cost hikes
HUL recently announced its Q3FY2024 financial results, reporting 2% underlying sales growth to reach INR153.2bn (US$1.8bn) in turnover but a 4% decline in profit after tax to INR26.1bn (US$310mn). HUL CEO Rohit Jawa described the firm’s latest performance as a ‘competitive’ one given the current economic conditions, but warned that these conditions have finally hit
