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HUL announces results for quarter ended June 30; Food & refreshment had USG of 1% with volumes remaining stable
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Friday, 26 July, 2024, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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HUL has announced results for quarter ending June 30. Foods & Refreshment had a USG of 1% with volumes remaining stable. The category was impacted by a harsh summer season. Nutrition Drinks (Horlicks & Boost) had subdued performance in the quarter albeit continuing to win competitively. Adult nutrition range performed well.
Tea continued to cement its market leadership through value and volume share gains. Coffee delivered double digit growth driven by pricing. Foods grew volumes in low-single digit led by outperformance in Food Solutions, Mayonnaise, Peanut Butter, and international sauces.
Ice-cream delivered double-digit volume growth aided by strong launches during the summer season. Bru’s specialty coffee range ‘Southern Trails’, Kwality Walls’ Strawberry Sundae, and Hellman’s 5 in 1 mayonnaise seasoning mix were launched in the quarter.
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