Operating environment remains volatile, seeing high levels of cumulative inflation, says HUL in Q1 report

economictimes.indiatimes.com:

inflation is softening on a YoY basis, still seeing high levels of cumulative inflation, said FMCG major Hindustan Unilever After reporting its Q1 numbers. «FMCG markets are recovering gradually although the operating environment remains challenging. In the near-term, FMCG industry will continue to witness rebalancing of price-volume growth equation and a gradual recovery in consumer demand,» said Rohit Jawa, MD & CEO.

Looking forward, the company said that if commodities remain where they are, our price growth to be flattish/negative in the coming quarters. The underlying volume growth in the first quarter of the ongoing fiscal stood at 3 per cent, the company said. The standalone net profit rose 8% to Rs 2,472 crore for the June quarter.

It was Rs 2,289 crore a year ago. The company's sales increased 7% year-on-year (YoY) to Rs 14,931 crore. The company noted that operating environment remains volatile.