HUL announces upto ₹2,000 crore capex

Hindustan Unilever Ltd. (HUL) has announced plans to invest up to ₹2,000 crore to expand manufacturing capacity in premium categories across beauty and wellbeing and home care liquid segments.

 This investment will be done over a period of two years across multiple locations, the company said on Wednesday. 

“The proposed investment is in line with the company’s strategy of focusing on fewer, bigger bets and strengthening its presence in high-growth demand spaces, including premium Skin care and Hair Care and Personal Care & Home Care liquids,” it said.

 The initiative is aimed at building a future-ready manufacturing network that can effectively support emerging channels and high-growth formats, it added.

The facilities under this investment will be developed in line with HUL’s sustainability agenda, with a target of operating on 100% renewable energy.

Priya Nair, CEO and Managing Director, HUL, said, “This investment reflects our strategic focus on scaling our brands and creating categories of the future to meet evolving consumer needs.”

“ It also underscores our commitment to building a resilient, technology-enabled supply chain that delivers superior value to consumers,” she said.