Inflation challenge will stay in ’23: HUL

Quick Summary

Inflationary challenges are going to continue through the remaining of the year at least, but the medium- and long-term prospects of the fast-moving consumer goods (FMCG) sector are "unarguably positive”, Hindustan Unilever (HUL) chairman Nitin Paranjpe told TOI in an exclusive interview.

Paranjpe, who took over as chairman of HUL on March 31 this year, said commodity challenges in the global context are likely to continue.

And, he added, while FMCG markets have generally been strong for a long period, they have started seeing the effect of the same with market growth rates moderating and the sector’s volume growth becoming negative in the short term.

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Article Details

Author / Journalist: Namrata Singh

Category: Economy

Topics: HUL Global Food Policy Report Business news Nitin Paranjpe Hindustan Unilever FMCG Fast-moving consumer goods World Inequality Report

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 06:30:00

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 5 minutes read

Article Length: 747 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 6978

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