GST will be a turbulent period for wholesale: Sanjiv Mehta

Wholesale channel is yet to bounce back in terms of growth seen prior to demonetisation, said Mehta

Earnings of Hindustan Unilever (HUL) recovered in the March quarter, in line with what parent Unilever had indicated a month ago. In a media interaction on Wednesday, managing director and chief executive officer Sanjiv Mehta talked about the way forward and how the company was dealing with risks emanating from the goods and services tax (GST). Edited excerpts:

There has been some concern pertaining to the wholesale FMCG channel and the manner in which it was impacted during note ban. Has it bounced back now and how prepared are wholesalers for the GST? 

The wholesale channel is yet to bounce