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HUL's operating environment still tough, may need higher ad spends
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ET Intelligence Group: FMCG major Hindustan Unilever's (HUL) performance in the June quarter — the first under new CEO Rohit Jawa — was rather modest.
With a volume growth of 3% — the lowest in the past five quarters — and revenue expansion of 6.5%, HUL's scorecard reflects the strain of subdued consumer demand amid high inflation.Contrary to expectations of a double-digit increase, net profit at the maker of Dove soaps and Red Label teas
. Read more on economictimes.indiatimes.comAbout this in other media
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