HUL CMD's FY'19 gross salary down 2.5 pc at Rs 18.88 cr

FMCG major HUL's Chairman and Managing Director Sanjiv Mehta took home a gross salary of Rs 18.88 crore in 2018-19 financial year as compared to Rs 19.37 crore in the previous year.

The company's managing director, whole-time directors and key managerial personnel together took a gross salary of Rs 36.40 crore, up 3.88 per cent from Rs 35.04 crore in 2017-18.

This includes gross salary of CMD Mehta, CFO Srinivas Phatak, Executive Director - Supply Chain Pradeep Banerjee and Executive Director - Legal and Corporate Affairs Dev Bajpai.

In the last fiscal, Mehta got a salary of Rs 8.80 crore, along with Rs 1.13 crore perks, a bonus (profits in lieu of salary) of Rs 2.73 crore, stock option of Rs 5.79 crore and Rs 0.43 crore as contribution to PF, superannuation and consultancy fees.

In 2017-18, Mehta took home a salary of Rs 6.96 crore, along with perks of Rs 1.02 crore, bonus of Rs 5.58 crore, stock option of Rs 5.43 crore and Rs 0.38 crore as contribution to PF, superannuation and consultancy fees.

Although HUL reported an EBITDA of Rs 8,500 crore, its highest ever at 22.9 per cent and profit crossed Rs 6,000 crore mark for the first time in 2018-19, Mehta's bonus dropped 51.07 per cent to Rs 2.73 crore as against Rs