Unilever India

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

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

At least 7 of India's largest companies, including RIL's retail arm and consumer bellwether Hindustan Unilever Ltd., have flagged softer consumption demand and a challenging operating environment

Hindustan Unilever (HUL) said in its conference call with analysts that it is gaining market share in the last three months, according to Nielsen (NielsenIQ) numbers

Company has been losing out in the soap segment, say analysts

Hindustan Unilever's chief financial officer, Ritesh Tiwari, also said while talking about advertising spend, that the company continued to invest competitively in its brands

The global consumer major also saw negative price impacts on its fabric cleaning business

Hein Schumacher, chief executive officer of Unilever, informed investors after its earnings report that they expect the volume growth for HUL to be in a similar range as witnessed in Oct-Dec qtr

The management also pointed out that India saw a gradual recovery in the market, with growth led by urban areas, while rural areas continued to remain subdued

Consumer goods industry has struggled for more than two years with soaring costs

In the Q1FY24 results announced last week, HUL reported a volume growth of 3 per cent

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Shares of Hindustan Unilever (HUL) fell as much as 4.3% on Friday, as a deal to pay its UK parent higher royalty fees took the shine off a bigger-than-expected rise in quarterly profit

"This step is in the right direction in embracing progressive corporate governance practices," HUL said in its statement

Unilever Plc recalled popular brands of aerosol dry shampoo, including Dove, after discovering they were contaminated with a chemical called benzene that can cause cancer

While reporting a 4.5% fall in second-quarter profit and higher expenses, Nestle India said on July 28 it could see softening of prices in such commodities as edible oil and packaging materials.

The opening day of the biggest telecom auction in the country ended with top telecom firms buying spectrum worth more than Rs 1.45 trillion across frequency bands including 5G

"Of our three priority markets, the USA and India again grew strongly, while sales in China were affected by the lockdowns in the second quarter," said Unilever CEO Alan Jope.

Priority markets of China, India, and the US grew at 14.3 per cent, 13.4 per cent, and 3.7 per cent respectively, said Unilever CEO Alan Jope

Consumer goods company plans a new organisation model that will reduce senior management roles by around 15%