- Bottomline obsession after '01 led to pruning brands from 110 to 30. Growth dried up after awhile.
- HLL's operating margins dropped 7 per cent since '02. For 10 quarters, topline growth was abysmal.
- Foods business is a non-starter, despite a first-mover advantage.
- Suds business takes a big hit after P&G starts a price war.
No Daag, No Gain
No Daag, No Gain
No Daag, No Gain
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