HUL on price hike trail

Hindustan Unilever Ltd (HUL) yesterday announced a price hike across its soaps and detergents product range. The price hike is in the range of 3 to 20% and this in on account of the increasing raw material costs.

Prior to this, the company had hiked rates in Nov’21 in the range of 3 to 30%. These are collectively sharp price hikes and will the effect on the margins will reflect only in Q4FY22.

The company is expected to announce its Q3FY22 earnings on the 20^th Jan’22.

The stock price has shown a muted reaction to the price hike. The stock, which had closed yesterday at Rs.2402.10, opened higher today at Rs.2415 and is now trading at Rs.2406 levels. Its 52-week high is at Rs.2859.10 and low is at Rs.2104.25.