At 18 per cent return over the past three months, India’s largest listed fast moving consumer goods (FMCG) company, Hindustan Unilever (HUL) is the second highest gainer after ITC in the large cap FMCG space.
Market share gains across segments in its major categories, easing raw material prices, premiumisation gains and expectation of a recovery in the rural markets have been some of the triggers for the Indian subsidiary of British multinational giant Unilever.
The company has gained market share across its three main categories and sub-segments in FY22 and this was among the highest in a decade. In the