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HUL aims 22-24% Ebitda margin in medium term, to hike capex to 3%: CEO
Leading FMCG company Hindustan Unilever is targeting a 22-24 per cent EBITDA margin in the medium term and stepping up capital expenditure to 3 per cent of its turnover to chase growth. The FMCG major plans to increase capital expenditure (capex) to "enable growth and productivity" from 2 per cent, the level it maintained over the last five years, to 3 per cent, as it looks to capture the "New India opportunity" with consumption growth. Hindustan Unilever Ltd (HUL), part of Unilever Plc, the Br…
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