The Economic Times

Hindustan Unilever signals more price hikes as commodity inflation bites, shares tumble 7%

Hindustan Unilever plans further price increases to combat persistent commodity inflation. The company reported a profit decline while revenue saw healthy growth. Elevated input costs continue to pressure margins across the FMCG sector. HUL passed on only half of the inflation in pricing during the June quarter. Investors reacted negatively to the earnings, sending shares down significantly.