HUL to lower prices by 7-10%, in line with GST rate cut: CEO
Hindustan Unilever CEO Sanjiv Mehta said that the company will reduce prices by 7-10% on an average across categories following the reduction in the GST. He said benefits of GST rate cut will be passed on to consumers in the form of lower MRPs or increased grammage. He added that some items will see an almost 20% reduction in price.