Unilever

India, with a high GDP growth and recent GST reduction, presents "massive" opportunities for British multinational consumer goods maker Unilever and its Indian arm Hindustan Unilever, according to a top company official. The companies believe they will be the main beneficiaries of a much more dynamic economic environment in India, said Unilever Chief Executive Officer Fernando Fernandez. Indian consumption was significantly affected over the last three years due to double-digit food inflation, said Fernandez in a JP Morgan Fireside Chat. "I feel the government in India has taken very relevant measures lately. So, GST reduction, that is the VAT of India, personal income tax reduction, interest rate reduction, when the government does something like this, it's because things in the economy are not right, and really that's what's happening the last couple of years," he said. Moreover, there is some food deflation and have seen immediately in the Indian GDP growth. "I think in the las

The London-listed company is considering shedding the century-old, yeast-based spread Marmite brand, the people said

The group's underlying sales in North America grew 5.5% in the third quarter

Unilever has confirmed Srinivas Phatak as CFO and member of its board and leadership executive after a six-month acting tenure, citing his industry expertise and strong performance

Before succeeding Fernando Fernandez, Srinivas Phatak served as deputy CFO and controller from 2022. Phatak joined Unilever in 1999, working in finance and commercial roles in India

Unilever CEO Fernando Fernandez said India and the US will get disproportionate investments with focus on beauty, wellbeing and personal care under HUL's new leadership

While the Indian unit of Unilever Plc posted a forecast-beating quarterly profit last week, Nair, who took over the CEO role on Aug 1, has her task cut out in sustaining this momentum

TMICC is home to six of the world's top 10 ice cream brands, including Ben & Jerry's, Cornetto and Wall's, and generated turnover of 8.3 billion euros ($9.59 billion) in 2024

Hein Schumacher, who joined in July 2023, will step down as CEO in March and will leave the company on May 31

FMCG major Unilever on Tuesday agreed to establish two manufacturing units in Telangana following talks between Chief Minister A Revanth Reddy and Hein Schumacher, CEO of Unilever, at the ongoing World Economic Forum (WEF) annual meeting in Davos. During the meeting, the Chief Minister highlighted Telangana's "extraordinary locational advantages" as a gateway and bridge to several southern states and other parts of the country, a state government release said. While Unilever operates multiple manufacturing sites in India, its presence in Telangana has thus far been minimal, the release added. In response, Unilever's CEO announced plans to establish a palm oil facility and refining unit in Telangana. CM Revanth Reddy offered full support and proposed a suitable location in Kamareddy district for the facility, the release added. The Unilever team also agreed to set up a new manufacturing unit for producing bottle caps. "In a breakthrough, Chief Minister Revanth Reddy convinced Hein

Unilever has lined up ABN Amro to conduct a sale of some of the Dutch food brands, including Unox soups and Conimex seasonings

Trump warned days before his win against Democrat nominee Kamala Harris that he would hit Mexico and China with 25 per cent tariffs unless both governments moved to stop the flow of fentanyl into US

The company's CEO Hein Schumacher acknowledged "long standing issues" in the country. He said Unilever was "making in Q3 and Q4 a significant intervention in Indonesia that is not going to yield

Shoppers started trading down to cheaper alternatives, such as private label brands owned by Walmart, Tesco and Carrefour. At their peak in the fourth quarter of 2022, Unilever's underlying prices

Unilever recently told employees it will slash a third of office-based jobs in Europe by end of 2025

The report added that the cuts were a part of the cost-savings programme announced in March, which included as many as 7,500 layoffs

Ritesh Tiwari talks about the company bringing more Unilever brands to India

Sales volumes climbed 2.2 per cent, the second quarter of growth after several declines. Prices were also up 2.2 per cent

The stakes are high for Unilever. Once a focal point of growth with labels such as Magnum and Cornetto, the Anglo-Dutch company's ice cream unit has underperformed for the past five quarters

The move is part of a broader restructuring as Schumacher tries to jumpstart growth. Unilever said the job cuts, which will affect mainly office-based roles, are part of a plan to achieve €800 million