Brief by Shorts91 Newsdesk / 11:15am on 25 Apr 2024,Thursday India
Hindustan Unilever Limited (HUL) rebrands 'Horlicks' and 'Boost' as "Functional and Nutritional drinks" after government directive. Ministry of Commerce and Industry's order follows concerns over high sugar content in such beverages. HUL's Q4 FY24 net profit drops 1.53% to Rs 2,561 crore, as reported in regulatory filing. Company attributes decline to regulatory changes. Despite this, HUL notes high single-digit growth in Functional Nutritional drinks, driven by Plus range. Tea segment maintains market leadership in both value and volume.
