New Delhi: Packaged consumer goods firm Hindustan Unilever Ltd on Monday said it clocked ₹900 crore in incremental revenue over the past two years, as it strategically intensified its digital-first launches in response to rising competition in India’s fast-moving consumer goods market. The company management said innovations and new product offerings played a significant role in achieving this feat.
“Talking about innovations, HUL has produced over ₹900 crore of incremental turnover coming from products which did not exist and completely new offerings (were) brought into the market, over the last two years. Many new brands, some digital-only brands, some are catering to new segments in beauty, which are coming up," Nitin Paranjpe, chairman, HUL, said, addressing shareholders at the company’s 90th annual general meeting.
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