{"id":160595,"date":"2024-10-24T13:09:06","date_gmt":"2024-10-24T13:09:06","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/24\/hul-begins-price-hike-as-commodity-inflation-bites-times-of-india\/"},"modified":"2024-10-24T13:09:06","modified_gmt":"2024-10-24T13:09:06","slug":"hul-begins-price-hike-as-commodity-inflation-bites-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/24\/hul-begins-price-hike-as-commodity-inflation-bites-times-of-india\/","title":{"rendered":"HUL begins price hike as commodity inflation bites &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/thumb\/msid-114526021,imgsize-390000,width-400,resizemode-4\/114526021.jpg?resize=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"HUL begins price hike as commodity inflation bites &#8211; Times of India\" title=\"HUL begins price hike as commodity inflation bites &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>MUMBAI: <!-- -->HUL<!-- --> will initiate price hikes in some of its product portfolio like skin cleansing and <!-- -->tea<!-- --> as <!-- -->FMCG<!-- --> firms grapple with high <!-- -->commodity inflation<!-- -->.<br \/>Crude palm oil<!-- --> and tea, which make up a large share of the company&#8217;s commodity basket, are seeing high inflation. &#8220;In the Dec quarter, you will see calibrated price increases in skin cleansing and tea.Some of them (price actions) have landed in the market, the balance will land over the course of the quarter. After a prolonged period of benign commodity prices, crude palm oil and tea witnessed inflation of 10% and 25% year-on-year respectively,&#8221; chief financial officer Ritesh Tiwari said at a post-earnings press briefing here on Wednesday. He added that value growth is expected to be ahead of volume growth in Q3. HUL&#8217;s net profit for the Sept quarter on a standalone basis declined to Rs 2,612 crore from Rs 2,717 crore in the year-ago period &#8211; a drop of nearly 4%.<br \/>Total sales increased to Rs 15,319 crore in Q2, a marginal 1.9% YoY growth as slower consumption in urban markets weighed on overall growth despite a sustained recovery in rural demand.<br \/>HUL reported an underlying volume growth of 3% and an underlying sales growth of 2% in Q2. <\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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