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The acquisition of haircare and skin products brand Minimalist would play a key role in a 900-basis-point shift towards a premium portfolio in the next few years, Hindustan Unilever Ltd. said. "We are confident that with Minimalist, with our extension of portfolio within Ponds and Lacme, further scaling our brand Simple Love Beauty Planet...many such actions put together, we will be able to drive the 900-bps portfolio shift towards premium," the company's management said in a post-earnings call with analysts Wednesday. This will close the gap within the premium segment of beauty and well-being, it added.
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