HUL cuts soap, detergent prices by 2-19%HINDUNILVR - 2501 Change: -21.40 (-0.85 %)
According to Business Standard, HUL has cut prices of its leading soaps and detergent brands by 2-19%. With the fall in palm oil and crude prices in the last three months, FMCG companies were expected to cut prices.
The fall in commodity inflation led to the price cuts and grammage restoration by FMCG companies. We believe this would help in regaining volumes from rural & semi-rural regions. This, along with stronger growth in the agri sector would aid a volume recovery from Q3FY23 onwards.