Hindustan Unilever to raise capex to 3% of turnover
Hindustan Unilever plans to boost productive capital expenditure to 3% of turnover from around 2% to pursue long-term, competitive, volume-led profit growth.
New Delhi, Sept.
4 -- Consumer goods major Hindustan Unilever Ltd plans to step up spending on its business, raising productive capital expenditure to 3% of turnover from around 2% to deliver long-term, competitive, volume-led profit growth.The Lux and Surf Excel maker said this in its Capital Mark…