Unilever’s India unit warns of higher prices as costs pressure margins

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Hindustan Unilever Ltd, India’s largest consumer goods maker, warned on Tuesday that high inflation will dent its margins in the current quarter and could result in higher prices of its products.

Hindustan Unilever expects margins to remain under pressure in the September quarter and growth to be driven by price hikes, the company said on Tuesday.

India’s annual consumer inflation, which touched multi-year highs in the past few months, eased marginally to 7.01% in June.

HUL’s profit rose to $286.36 million for the three months ended June 30, compared with analysts’ estimates of 21.93 billion rupees, according to Refinitiv data.

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