HUL hikes prices by 2-5%, shrinks sachet sizes over Iran war

Hindustan Unilever (HUL) CFO Niranjan Gupta said material cost inflation ​is roughly at 8% to 10%, driven by supply disruption due to Middle East war. Responding to this, the company hiked the prices of its offerings between 2% and 5%, he added. The company is reducing pack sizes for certain products while stepping up cost cuts, including in advertising.