MOSL: Morning India (22/September/21): Hindustan Unilever (Recovery in discretionaries continues; commodity costs stable on a sequential basis)
Morning India (22/September/21): Morning India (22/September/21):
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Hindustan Unilever: Recovery in discretionaries continues; commodity costs stable on a sequential basis- As the number of COVID-19 cases started to reduce, mobility improved, restrictions were progressively lifted, stores remained open for a longer time, and modern trade (MT) reopened in a phased manner during 2QFY22. - Demand in Jul-Aug'21 has been better than that in Jun'21. General trade remains resilient, while MT has improved. Rural markets continue to remain resilient on the back of a strong Rabi crop, good Kharif sowing, and monsoons ahead of its long period average.- Urban markets have seen an uptick in momentum. While some commodities witness inflation v/s last year, input costs remain stable on a sequential basis. HUVR's A&P spends remain at healthy levels.
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India witnessing consumption revival; spending on discretionary increases: Deloitte reportIndians are slowly making their way back to the office and is witnessing a consumption revival in the country with spending intent shifting towards more discretionary items, according to a report by global consultancy and advisory firm Deloitte. After witnessing two waves of the pandemic, India is "cautiously returning" to a state of "business as usual", said the Deloitte's Global State of Consumer Tracker.
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