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HUL says growth in March 2016 quarter affected by phasing out of excise duty incentives

HUL says growth in March 2016 quarter affected by phasing out of excise duty incentives

Mumbai, May 9 (IBNS) Hindustan Unilver Limited, a leading fast moving consumer goods (FMCG) company, reported its March 2016 financial results on Monday, and said growth in the quarter was impacted by the phasing out of excise duty incentives, a one-time credit for excise duty refund in the base quarter and marginal price de-growth.