Moderation in FMCG growth rates is due to slowdown in rural areas: HUL CMD

The volatility in crude oil and currency are key monitorables for us, said Mehta

Hindustan Unilever (HUL) reported flat volume growth for the three months ended September 30 amid a challenging market environment. In a post-results press conference, HUL’s Chairman and Managing Director Sanjiv Mehta talks about the way ahead. Edited excerpts: 

What was the fast-moving consumer goods (FMCG) market growth in the second quarter (Q2)?

We have not seen demand pick-up yet. While value growth, in terms of moving annual total, for the FMCG market was 9 per cent, the last three months (July to September) have seen sharp deceleration, touching 5 per cent (in terms of value growth). Similarly, volume growth for the FMCG