HUL CEO and MD Sanjiv Mehta said that he has not seen an inflationary situation like this in the 30 years
Five new brands joined the billion CRP club this year: Dabur, Vim, Sunfeast, Brooke Bond and Patanjali
It's a time when most FMCG companies are increasing prices across portfolio. Can't blame the FMCG makers either- raw material prices have escalated quite a bit over the last few months. However at times like these P&G has slashed shampoo prices by 15%. This may negatively impact its biggest rival Hindustan Unilever.