HUL Hikes Capex To 3%, Eyes More Acquisitions
Hindustan Unilever Ltd. plans to step up spending on its business, raising productive capital expenditure to 3% of turnover from around 2%, as the FMCG major looks to accelerate growth and expand into newer consumer categories.
The company, in its investor presentation, said the higher capex will be part of a broader capital allocation framework that also includes portfolio reshaping and shareholder payouts, while maintaining its focus on 100% cash conversion.
