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EquityWireGrowth Focus: HUL to be 'obsessed' with volume-led revenue growth in future, says MD Nair
Growth Focus

HUL to be 'obsessed' with volume-led revenue growth in future, says MD Nair

This story was originally published at 13:50 IST on 23 October 2025
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Informist, Thursday, Oct. 23, 2025

 

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--HUL on TV: Will invest heavily in quick commerce, scale high-growth segments 
--HUL on TV: Home care segment growth muted in Jul-Sept due to price decline 
--HUL on TV: Expect recovery in volume growth going ahead 
--HUL on TV: Minimalist business grew in strong double digits in Apr-Sept 
--HUL on TV: Will focus on volume-led growth in tea business 

 

MUMBAI – Hindustan Unilever Ltd. will be "obsessed" with volume-led revenue growth going forward and expects a recovery in volume growth over the coming quarters, the company's Managing Director and Chief Executive Officer Priya Nair said in a press conference with news channels.

 

The management plans to focus on some key areas to improve their volume growth in the long term, including creating segments among consumers based on spending power, investing in quick commerce, making brands "modern and youthful", and increasing investments to scale high-growth brands. HUL expects volume growth to improve November onwards once the impact of the recent goods and services tax cuts on its inventory stabilises.

 

Nair said price hikes in the company will be "gradual" as they focus on volume-led growth. Within its foods segment, Nair pointed to the possiblity of volume growth in the tea business as commodity prices have fallen compared to the previous year. The company will also focus on growing its condiments business using Kissan products.

 

Nair said there is strong demand for wellness and nutrition products. "There is a clear consumer trend on wellness and nutrition, and Horlick's is extremely well placed to advance...," she said.

 

Updating on the Minimalist business, which the company acquired two quarters ago, HUL said the business has grown in "very strong" double digits in the first half (Apr-Sept) of the ongoing financial year. The company plans to expand the portfolio of Minimalist in the body and hair segments. Further, it plans to get more offline business for Minimalist and even use HUL's own ecosystem to help Minimalist expand in international markets, said Chief Financial Officer Niranjan Gupta. "...seeing early green shoots in terms of...further growth and profitability (in Minimalist) as well," he said.    

 

Earlier in the day, HUL reported its September quarter earnings with its revenue from operations growing marginally to INR 155.85 billion and net profit rising 3% on year to INR 26.90 billion. The growth was impacted due to slight fall in revenue grom its largest business of home care, where revenue fell just over 1% on year to INR 5.67 billion. Gupta said its home care business was hit due to lower prices of products.

 

Shares of HUL were volatile after the results were announced. The stock rose to its highest level in over one month at INR 2,667.20, up 3% on the National Stock Exchange, just after the quaterly results. However, it soon came off highs and at 1326 IST, the stock traded at INR 2,613.30, up nearly 1%.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Anshul Choudhary

Edited by Tanima Banerjee

 

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