The Anglo-Dutch consumer giant Unilever Plc (UL) has been fined by the state pricing authority for triggering a consumer scramble for its products. UL in late March announced its plans for hiking the prices of its detergents. With this, China being tougher on Inflation punished UL.
Unilever posted better than anticipated growth figures due to better demand for its products in the emerging markets. CEO Paul Polman expected the business to become tougher in the coming times. He stressed that increasing commodity prices can also put a strain on company's pricing policy and warned that the coming quarters may not be as profitable.