Growth isn’t picking up for consumer companies, if Hindustan Unilever (HUL)’s September quarter numbers are anything to go by. While standalone net sales grew 10.8 per cent year-on-year (y-o-y) to Rs 7,640 crore, volume growth remained tepid at five per cent, which disappointed analysts. The quarter's sales growth has been driven by 11 per cent growth in soaps and detergents. The personal products segment grew 9.9 per cent y-o-y, exhibiting signs of continued weakness. The laundry segment’s growth, analysts claim, has been driven by the premium segment, though the Wheel brand is showing traction after its relaunch.
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