Hindustan Unilever Ltd.

Hindustan Unilever (HUL), in an effort to fight against the shrinking margins has hiked the retail prices of select variants of Lux and Lifebuoy soap bars by 5.55%. The price of the 120-gm Lifebuoy red bar soap pack has been raised by a rupee to Rs 19 while the price of the 90-gm packs of the Lux Almond and Lux Strawberry soap bars has been raised by a rupee to Rs 19.

Earlier in November, the company had hiked the retail prices of premium bathing soaps by 2.6-5.5%. The price of 90 gm pink and white Lux soap had been raised by Rs 1 to Rs 19 while the prices of 45 gm and 75 gm packs of Dove soap have also been hiked by Rs 1 to Rs 19 and Rs 39 respectively. 

The company’s net profit for the quarter ended September 30, 2011 registered growth of 21.69% at Rs 688.92 crore as compared to Rs 566.12 crore for the corresponding quarter of the previous year. The company’s total income has increased by 17.48% at Rs 5688.15 crore for the second quarter of the current fiscal from Rs 4841.49 crore for the similar quarter of the previous year.