Hindustan Unilever Ltd (HUL), India’s largest listed consumer packaged goods firm by sales, saw a further slowdown in its volume growth in the June quarter, because of weak consumption, particularly in rural areas. However, volume growth hit a seven-quarter low at 5% in the June quarter. In the previous quarter, HUL had registered volume growth of 7%. Its domestic consumer growth improved by 7%. Given the slow pace of demand in the rural sector, maintaining a volume growth of even 5-6% would be tougher in the coming months," said an analyst who did not want to be identified.

Source: Mint July 23, 2019 18:45 UTC