CHENNAI/NEW DELHI: India's city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country's brisk economic growth. They are considered a key demographic both economically and politically, with middle class frustration seen as a significant factor behind Prime Minister Narendra Modi's weaker election performance this year.Asia's third-largest economy …
‘Health food drinks’ of Hindustan Unilever have been re-named as functional nutritional drinks by the company after the Union Ministry of Commerce and Industry asked e-commerce websites to remove drinks and beverages from 'heathy drinks' category on their respective platforms. This means that the company, which has multiple brands like Horlicks and Boost under it, rebranded its 'health drinks' category …
Hindustan Unilever Ltd share price fell over 2% on Friday after the company’s June quarter earnings disappointed with below estimate volume growth. Here’s what brokerages have to say: Motilal Oswal Financial Services Hindustan Unilever’s 1QFY24 performance fell slightly short of Motilal Oswal Financial Services’ expectations. Antique Stock Broking Hindustan Unilever’s Q1FY24 operating performance was below expectations with underlying domestic revenue/ …
