Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 30th June, 2026: Diversified FMCG major Hindustan Unilever Ltd (HUL) expects input cost pressures to gradually ease as crude oil prices have retreated from recent highs, though it may take some time before costs return to normal levels, Chairman Nitin Paranjpe said.
Speaking at the company's annual general meeting (AGM), Paranjpe said the recently concluded quarter witnessed significant pressure on commodity costs as crude oil prices, which influence a large portion of HUL's product portfolio, surged sharply and crossed USD 100 per barrel at one stage.
"Crude prices have since come down, and hopefully we should see things easing out a little going forward," he said while responding to shareholders' queries.
Paranjpe noted that while the decline in crude oil prices is expected to provide some relief on input costs, the benefits are likely to materialise gradually rather than immediately.