HUL hikes prices of soaps & detergents again in February
The largest player raised prices of soaps, detergents and dishwasher by 3-10 per cent in February after price hikes in January.
Stay updated with breaking news from Surf Excel. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The largest player raised prices of soaps, detergents and dishwasher by 3-10 per cent in February after price hikes in January.
An average price hike of nearly 8 per cent over a meagre 2 per cent volume growth boosted top-line, while 14 per cent cut on promotional expenses improved margins.
An all-round price hike is unfolding in the new year; from daily essentials like detergents and biscuits to discretionary items like SUVs and air conditioners - all are set to get dearer.
The sharpest increase is in the prices of Surf Excel's bar, which has witnessed about a 20% hike.