HUL's market capitalisation hits 67% of its parent company Unilever

Indian FMCG giant's m-cap is touched $77 billion as compared to $115 billion of Unilever that holds 62 per cent in HUL

Hindustan Unilever's (HUL) market capitalisation reached 67 per cent of its parent company Unilever on October 4.  HUL's m-cap touched $77 billion as compared to Unilever's $115 billion, a report in Economic Times (ET) said.

Unilever's m-cap has declined in the past five years, while that of HUL has more than doubled. Unilever's m-cap touched its peak of $180 billion in October 2017.

According to experts quoted in the report, HUL's share price has jumped on the back of increasing rural demand and falling prices of raw materials. The demand for FMCG has also risen due to the ongoing festive season