True. I had the same serendipitous realization. It was like staring at me all the time and I kept ignoring it.
Btw, I have added one link in my previous post that describes the strategy that caused HUL’s turnaround in fortunes after years of stagnation in turnover.
To add to my previous post. HUL is not only a FMCG company now. It is also into appliances: Water Purifier & Air Purifier under PureIt brand. It has entered into Water Purifier since 2006 and is a formidable player now.
It is a newer entrant to Air Purifier after Unilever Plc.’s acquisition of Swedish air purifier maker Blueair.
So, it seems that it is open to enter into more appliances category through acquisitions. I am particularly hoping that they acquire Eureka Forbes, since they have gotten the proposal.
Also, Globally, they have a very strong Food business which in India is yet to show forte. I hope someday it will. They’ve entered into a futuristic food category last year.