Economy · India
Hindustan Unilever to Increase Capital Expenditure Amidst Competition
Hindustan Unilever (HUL) plans to increase its capital expenditure (capex) to 3% of turnover, up from 2%, to defend market share against new-age brands and evolving shopping habits. The company is also focusing on cost cuts and a brand push to revive growth. HUL's strategy, termed 'Winning in New India', aims for volume-led profit growth through higher consumption and premium products. This investment aims to counter sluggish growth experienced over the past two years.
How outlets across the spectrum covered it
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- Centre (3 votes, 4 outlets): Business Standard, The Economic Times · The Times of India (Times Group — 1 vote), The Financial Express