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HUL hosted a conference call on Jan 19, 2024. In the conference call, company was represented by, Mr Rohit Jawa- CEO and Managing Director and Mr. Ritesh Tiwari- CFO.
Key takeaways of the call
In Q3 FY24, company delivered volume growth of 2% YoY. Management reported that operating environment was challenging during the quarter due to uneven monsoon, delayed winter and subdued festive season.
Company remains focused on driving volume growth whilst stepping up investment in brands. It expects price growth to be marginally negative if commodity prices remains stable at current levels.
Urban growth continues to outpace rural growth. Similarly, modern trade continues to outperform general trade.
Company expects margins to improve driven by growth in premium products and improvement in operating leverage.
Company’s 60% business is winning value market share.
In Q3 FY24, Home Care saw a marginal decline in revenue. Fabric Wash volumes grew in mid-single digit ...
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