Hindustan Unilever (HUL), the country’s largest consumer goods company, may see a muted volume growth in the October-December period, as festive demand remained weak, brokerage Nomura said on Thursday. The company would also see a pressure on its gross profit margins from higher cost of commodities as it has refrained from taking new prices in Q3, Nomura said.
Most fast-moving consumer goods (FMCG) companies had anticipated demand to pick up in rural and semi-urban areas in Q3, after two quarters of weak recovery in these areas. While urban demand has been stable, rural demand has been slow on back of weather uncertainty and inflationary pressures, experts said.
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