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HUL Posts Strong Growth In 1Q 2016; Keeps Focus On Investing In Market Development

May 10, 2016: 12:00 AM EST
Hindustan Unilever posted 6 percent underlying volume growth in the first quarter of 2016, according to managing director Sanjiv Mehta. Faced with rising prices of commodities, HUL aims to remain within strategic price points for each of the company's brands. Also, the company increases its investment in market development as part of its efforts to reverse sales slowdown in India's rural areas, Mehta said.
Neha Tyagi & Sagar Malviya, "We invest more in developing market: Sanjiv Mehta, Hindustan Unilever", Economic Times, May 10, 2016, © Bennett, Coleman & Co. Ltd.
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