Liquidity crunch, low food inflation contributed to rural slowdown: HUL CMD

Wages have also not grown significantly, HUL Chairman and Managing Director Sanjiv Mehta tells Business Standard

Hindustan Unilever (HUL) navigated a challenging March quarter as the sector witnessed a slowdown. In a press conference, Chairman and Managing Director Sanjiv Mehta responded to questions from Viveat Susan Pinto on what lies ahead for the company. Excerpts:

How long do you see the slowdown lasting? Nielsen has given a lower forecast for CY19 versus CY18. What are your thoughts on this?

I see the market bouncing back in the near term. Yes, factors such as a stable government at the Centre and a good monsoon will be key, but I remain optimistic. The market has a seen a reversal after