The contribution of rural markets, which are growing faster than urban markets, to Hindustan Unilever's (HUL) turnover is expected to rise from about 40 per cent now to 50 per cent in the next four to five years, reports The Times of India, quoting a company official. Currently, HUL's total turnover is roughly Rs 18,000 crore.
The company has adopted a direct distribution model and has launched special initiatives to push its rural sales through project shakti and shaktimans.
Source: The Times of India
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.