The legal fight erupted between the two companies after Sebamed released print advertisements targeting Lux, Dove, Rin and Pears - all of them are HUL brands.
Though a bit cautious, most analysts are bullish on the stock but concerns over rural demand and monsoon still persist.
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Despite consumer demand continuing to remain slow, especially in the rural markets, HUL management reaffirmed its guidance of maintaining competitive volume growth and modest improvement in margins
Even as there is a talk of a possible slowdown in consumer spending amid continued high inflation and the stock markets are in turmoil, FMCG companies have been slowly raising product prices, especially in soaps & detergents and personal care products.
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.
Hindustan Unilever (HUL) has hiked prices of its laundry products Surf Excel, Rin and Wheel to offset raw material cost hike, reports The Times Of India. It touched an intraday high of Rs 289.90 and an intraday low of Rs 284.10. At 09:39 hrs the share was quoting at Rs 287.70, up Rs 3.10, or 1.09%.