To be sure, HUL also has implemented calibrated price hikes in recent months. Earlier in April, it said it was passing on increases in input costs to soap prices, reflecting higher crude, palm oil, and plastic prices. In February, before the war broke out, chief financial officer Niranjan Gupta said during the quarterly analyst call, “We do see a stable to an inflationary kind of stuff coming back…For the year, we do expect a low single-digit price increases over the year.”
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