It has been a rough three-month for FMCG giant Hindustan Unilever (HUL). It came out with a disappointing set of third quarter numbers. Despite a 12% growth in revenues, net profit fell nearly 2% to Rs 638 crore. The company blames this on rising input costs.
However, Nikhil Vora, MD, IDFC Securities is optimistic on HUL. According to him the double-digit volume growth is strong point for the company. In an interview to CNBC-TV18, Vora said that going forward calibrated price hike is expected on FMCG products. He sees HUL to maintain volume growth in upcoming quarters. Below is a verbatim transcript of Nikhil VoraDiscover 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!
