GST rejig hurts HUL's sales in Sept as orders get pushed
Hindustan Unilever (HUL) reported sales were impacted in September due to the new GST regime, causing supply chain disruptions as distributors and consumers delayed purchases. This effect is expected to continue into October, leading to near flat growth for the quarter. HUL anticipates recovery from November, driven by stabilized prices and increased disposable incomes.
Hindustan Unilever (HUL) reported sales were impacted in September due to the new GST regime, causing supply chain disruptions as distributors and consumers delayed purchases. This effect is expected to continue into October, leading to near flat growth for the quarter. HUL anticipates recovery from November, driven by stabilized prices and increased disposable incomes.
