HUL lowers prices of tea, homecare products but goes for hike in skincare segment

HUL Cuts Prices Of Tea & Homecare, Raises Skincare Rates Amid Cost Pressure

Hindustan Unilever (HUL) has reduced prices in tea and homecare categories due to lower costs but raised skincare product prices because of expensive palm oil. The company expects steady growth and margin stability ahead.

HUL lowers prices of tea, homecare products but goes for hike in skincare segment

New Delhi: HUL has slashed prices of products in categories such as tea and homecare products due to lower commodity prices and competitive pressure but raised the prices in the skincare segment on account of rising palm oil prices. The leading FMCG maker is keeping an eye on the price movements of palm and palm derivatives, a key input for its skin cleansing products, which are softening and will pass on the benefits to the consumers as it has …