HUL sees rise in consumer complaints against its advertisements
In FY 2020-21 HUL in its annual report, had disclosed that 28 complaints were filed against its ads with the Advertising Standards Council of India (ASCI). In FY 2021-22, 14 complaints were filed with ASCI.
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FMCG giant Hindustan Unilever Limited (HUL) in its annual report declared that they witnessed an increase in consumer complaints related to advertisement in FY24 as compared to last year. In FY2022-23, 10 complaints were received while in FY24, 18 complaints were received. One complaint of FY23 is pending resolution at the end of the year.
HUL’s annual report states, “We have a very robust mechanism to receive and address queries, feedback and complaints received from our consumers. We have reported above complaints in relation to ‘data privacy’, ‘advertising’, ‘cyber-security’, ‘delivery of essential services’, ‘restrictive trade practices’ and ‘unfair trade practices’
In FY 2020-21 HUL in its annual report, had disclosed that 28 complaints were filed against its ads with the Advertising Standards Council of India (ASCI). In FY 2021-22, 14 complaints were filed with ASCI.
Hindustan Unilever in its results for the quarter and year ended March 31, 2024 stated that the ad and promotions spends increased to hit Rs 1616 crore in Q4. In the corresponding quarter in 2023 the advertising spends stood at Rs 1311 crore. For the year ended March 31, 2024, HUL recorded Rs 6489 crore in advertising and promotions expenses.
Hindustan Unilever Ltd on April 24 reported 6% fall in standalone net profit at Rs 2,406 crore for the fiscal fourth quarter as against Rs 2,552 crore in the year-ago period. The Company’s turnover for the financial year ended 31st March, 2024 was Rs. 59,579 crores as against turnover of Rs. 58,154 crores for the financial year ended 31st March, 2023.
