HUL to invest Rs 2,000 crore to boost premium category capacity

Mumbai: Hindustan Unilever (HUL) on Wednesday said it will invest up to Rs 2,000 crore to expand manufacturing capacity in fast-growing premium categories across beauty & wellbeing and home care liquids. The investments will be spread over two years and cover multiple locations, the firm said.

The proposed investment is in line with HUL's strategy of focusing on fewer, bigger bets and strengthening its presence in high-growth demand spaces, the company said.

"This investment reflects our strategic focus on scaling our brands and creating categories of the future to meet evolving consumer needs. It also underscores our commitment to building a resilient, technology-enabled supply chain that delivers superior value to consumers," said Priya Nair, CEO & MD at HUL.

After several months of sluggishness, HUL hinted at demand uptick in the Dec quarter on tax cuts and benign inflation. TNN