Moderation in FMCG growth rates is due to slowdown in rural areas: HUL CMD

Hindustan Unilever (HUL) reported flat volume growth for the three months ended September 30 amid a challenging market environment. In a post-results press conference, HUL’s Chairman and Managing Director Sanjiv Mehta talks about the way ahead. Edited excerpts:  What was the fast-moving consumer goods (FMCG) market growth in the second quarter (Q2)? We have not seen demand pick-up yet. While value growth, in terms of moving annual total, for the FMCG market was 9 per cent, the last three months (July to September) have seen sharp deceleration, touching 5 per cent (in ter.....

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