MUMBAI — India’s leading consumer goods makers continued to be pressured by sluggish urban demand and input cost burdens in the most recent quarter, with market leader Hindustan Unilever (HUL) cutting its margin forecast and Nestle India reporting a drop in profit.
However, senior executives at HUL said they expect the first half of the fiscal year through March 2026 to be better than the second half of the previous fiscal year, helped by slowing inflation, interest rate cuts and recent federal tax breaks.
