HUL may not toe parent's line on F&B, say analysts

Increasing focus of Unilever on profitability and plans to combine the food and beverages businesses may have some impact on its Indian subsidiary — Hindustan Unilever (HUL) — as well.

The food and beverages segment is growing at a healthy clip for HUL, but it contributes only 10 per cent to its revenues. The FMCG giant derives about half of its revenue from the soaps and detergents business, with personal products forming another 20 per cent. 

As the parent announced its strategy to drive profitable growth, the buzz is HUL might also toe the parent’s line on this front. However,