HUL Navigates GST-Driven Sales Disruption, Eyes Long-Term Gains
HUL experienced a temporary sales disruption due to GST reforms, with near flat growth in the September quarter. Despite short-term issues from tax anticipation, the company anticipates recovery starting in November. GST benefits are expected to boost consumer purchasing power and long-term demand.
- Country:
- India
Leading FMCG giant Hindustan Unilever Ltd. (HUL) reported a near flat to low-single digit growth for the September quarter, attributed to disruptions caused by the recent GST reforms.
The company, known for its brands like Lux and Surf Excel, faced short-term order postponements as distributors and retailers awaited updated stocks with revised prices.
Despite these challenges, HUL remains optimistic about long-term gains, citing increased disposable incomes and the company's efforts to pass on GST benefits to consumers.
(With inputs from agencies.)
- READ MORE ON:
- HUL
- GST
- consumer goods
- FMCG
- Unilever
- India
- tax reforms
- market impact
- purchases
- disposable income
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