The countrys largest consumer goods manufacturer, HUL said categories like health food drinks and coffee are reporting increased inflation impacting volume recovery while in tea consumers are downgrading due to the price difference between premium and plain tea. The company has termed this as an inflation deflation cycle .
The Delhi High Court has upheld the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST) framework. Over 50 top companies, including Hindustan Unilever, Abbott, Johnson & Johnson, and Nestle, had challenged these measures. The court stated that the provisions are a consumer welfare measure and do not violate constitutional provisions.
The Nifty 50 ended the week in the red for the second consecutive week as banking heavyweights underperformed and geopolitical tensions and rising US bond yields dampened investor sentiment.