Indian economy poised to continue sustainable and inclusive growth: HUL chairman

Despite geopolitical uncertainty the Indian economy is poised for sustainable and inclusive growth, said Hindustan Unilever Chairman Nitin Paranjpe, while speaking at the company’s annual general meeting.

“The world today is characterised by uncertainty and chaos. However, amidst this incomprehensibility, the Indian economy appears poised to continue its path to sustainable and inclusive growth. We are building capabilities to cater to the needs of an evolving and aspiring India. Simultaneously, we are striving to ensure this growth journey does not negatively impact the environment and leaves no one behind. We are navigating short-term challenges to partner the nation’s long-term ambitions,” said Paranjpe, addressing shareholders.

He said that the demand from Indian consumers is rapidly changing. 

“The Indian consumer is evolving, seeking newer products, better experiences, and aspiring for more. As a business serving the needs of an ever-aspiring consumer and partner to a nation focused on its growth, we bear significant responsibility. The new India presents several opportunities that we can leverage to leapfrog into the future,” he said. 

Further, he stated that it is leveraging technology to ensure a smooth customer experience online and offline.

“The recently established Premium Retail Organisation (PRO) exemplifies our focus on shopper needs and execution. The PRO exclusively focuses on creating demand and distributing our premium beauty portfolio through Beauty and Pharma channels, reaching consumers where they are,” added Nitin Paranjpe. 

Published on June 30, 2025