Story thread · 3 reports / 3 sources

Indian companies are about to raise prices

economictimes.indiatimes.com · 10dShare

India’s largest consumer companies are gearing to raise prices on products from toothpaste to tires and paint ahead of the festival season and for the second straight quarter, as the prolonged Middle East conflict drives up commodity costs and threatens to keep inflation elevated.Hindustan Unilever Ltd. will have measured price increases over the coming quarter in categories including detergents and dishwashing bars. At least seven other companies, from Dodla Dairy Ltd. and Asian Paints Ltd., also plan to raise prices, according to their post-earnings calls and media briefings.“Given the external volatility, we continue to see inflation in crude-linked derivatives and are taking calibrated price increases across the segment” for home care products, India’s largest consumer goods firm Hindustan Unilever Chief Financial Officer Niranjan Gupta told analysts this week.Consumer prices rose above the Reserve Bank of India’s 4% target for the first time in nearly a year and a half in June as

First report: Indian Firms Plan Fresh Price Hikes, Testing Inflation Outlook — bloomberg.com, 10d