Rising inflation has led to marked slowdown in growth rates: HUL Chairman

HUL also said that notwithstanding these near-term challenges, the Indian FMCG sector offers significant potential for growth

High inflation in recent times has led to a marked slowdown in growth rates, Nitin Paranjpe, chairman of Hindustan Unilever (HUL), told investors in the company’s annual report. He added that India still remains one of the fastest-growing fast-moving consumer goods (FMCG) markets globally.

Paranjpe also said, “The recent slowdown notwithstanding, the penetration of FMCG products, both in urban and rural India, provides significant headroom for growth.”

As more people are entering the middle class, a large working population, increasing nuclear family structures, urbanisation and rapid adoption of technology all bode well for the growth of the sector in the country. 

He also