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India remains the world's fastest-growing major economy despite a challenging global environment, and sustaining high growth will require continued reforms, investments and execution, HUL Chairman Nitin Paranjpe said on Tuesday. Addressing shareholders at the 93rd AGM, India has demonstrated "structural resilience" at a time when global economies are grappling with geopolitical conflicts, climate volatility, tightening financial conditions and shifting consumer behaviour. "While growth expectations have moderated, India continues to be the fastest-growing major economy," he said. India's long-term growth prospects are supported by "three drivers", which are favourable demographics, digital public infrastructure and a proactive policy environment. According to Paranjpe, India's young population can become a force multiplier for consumption, productivity and innovation, while the country's digital public infrastructure has created a unique foundation for commerce, credit and financia
Hindustan Unilever Ltd (HUL) remains confident about India's long-term growth prospects despite near-term economic challenges, with the FMCG major betting on rising consumption, premiumisation and digital transformation to drive future growth, Chairman Nitin Paranjpe said. Acknowledging that the near-term environment will continue to present challenges, Paranjpe while addressing the shareholders, said, "India has consistently demonstrated resilience, emerging stronger through periods of uncertainty". "For HUL, with deep roots in the country, we will navigate this environment with agility and discipline - anchored in our unwavering commitment to serve our consumers," he said in the latest annual report. Paranjpe said HUL, which owns popular brands as Surf excel, Dove, Horlicks, Lifebuoy, Lakme, and Brooke Bond and reaches 9 out of 10 Indian households, is investing decisively in its future, reimagining its business with the consumer at the centre. It is strengthening its portfolio a
Disruptions in the global supply chain and a surge in packaging costs due to rising crude oil prices have led to a shortage of local competition in markets like India, and it may support Unilever's volume growth in categories such as home care, said Chief Executive Officer Fernando Fernandez. The British multinational consumer goods maker "sees opportunities coming from the constraints in supply in the global market" even as its multipolar supply chain remains resilient. "We are seeing some shortage in some local players, particularly in India and Southeast Asia, that can support our volumes, and it will make easier the passing of pricing in the future," said Fernandez in the earnings call. In Q1/2026, the British consumer goods major achieved its highest-ever share in laundry powders in the Indian market, and is also "sharply" increasing its position in the fast-growing liquid detergent segment. The performance of its local unit Hindustan Unilever Ltd (HUL), which reported a 6 per