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HUL Q3: Urban demand reviving, worst is over, says Chairman Sanjiv Mehta

With supply-side constraints taken care of, any demand stimulus offered by Budget 2021 will prove beneficial for the industry, said the Chairman and MD of the FMCG major

January 28, 2021 / 11:25 AM IST
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Urban demand has reached a positive territory and is now in the right direction, said Sanjiv Mehta, Managing Director and Chairman of Hindustan Unilever (HUL) while announcing the December quarter results of the consumer goods major.

It was urban demand that was the hardest hit due to coronavirus outbreak.

"In the last (September) quarter, urban demand was in negative territory but in the last three months, it has turned positive albeit at lower levels. And now it is in the right direction. The urban demand will increase, depending on the mobility which depends on vaccine rollout," said Mehta.

Now that there are no supply-side constraints any stimulus in demand in the upcoming Budget will help.