Volume growth to bounce back soon: HUL

There will be little room for price hikes as we propose to pass on the net GST benefit to consumers

Hindustan Unilever (HUL) reported a flat volume growth for the June quarter as trade destocking impacted sales in the run-up to the goods and services tax (GST). In an investor call on Tuesday, HUL’s management including MD & CEO Sanjiv Mehta and CFO P B Balaji responded to questions regarding the company’s way forward. Edited Excerpts:

HUL’s sales growth in the June quarter was completely driven by price. What is the strategy on price-led growth in the future? Do you see price hikes happening at all?

There will be little room for price hikes as we propose to pass on the net