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Indian Firms Plan Fresh Price Hikes, Testing Inflation Outlook

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Indian Firms Plan Fresh Price Hikes, Testing Inflation Outlook India’s largest consumer companies are gearing to raise prices on products from toothpaste to tires and paint ahead of the festival season and for the second straight quarter, as the prolonged Middle East conflict drives up commodity costs and threatens to keep inflation elevated. Hindustan Unilever Ltd. will have measured price increases over the coming quarter in categories including detergents and dishwashing bars. At least...

Indian Firms Plan Fresh Price Hikes, Testing Inflation Outlook India’s largest consumer companies are gearing to raise prices on products from toothpaste to tires and paint ahead of the festival season and for the second straight quarter, as the prolonged Middle East conflict drives up commodity costs and threatens to keep inflation elevated. Hindustan Unilever Ltd. will have measured price increases over the coming quarter in categories including detergents and dishwashing bars. At least seven other companies, from Dodla Dairy Ltd. and Asian Paints Ltd., also plan to raise prices, according to their post-earnings calls and media briefings.
Indian (ORG) India (LOCATION) Middle East (LOCATION) Hindustan Unilever Ltd. (ORG) Dodla Dairy Ltd. (ORG) Asian Paints Ltd. (ORG)
Originally published by Bloomberg Markets Read original →