FMCG price hike imminent?
Consumers are still buying soaps, shampoos and deodorants, despite rising inflation and higher prices. Hindustan Unilever and Godrej Consumer came out with numbers that reflected this fact. But the managements are giving indications that prices can be hiked, a tool that's coming extremely handy for companies to offset margin pressures. "There is no slowdown in consumer demand," said D Sundaram, Executive Director, HUL.
