Sanjiv Mehta will join Unilever Indonesia's board of commissioners and chair it in a non-executive capacity
Country going through probably the most difficult economic situation, says chairman
Past week, the BSE Sensex plunged 2,943.02 points or 5.42%, while the NSE Nifty declined 908.30 points or 5.61%
The HC ruled that Sebamed's advertising campaign is disparaging
Over 10 stocks slipped below their 200-DMA on Tuesday after the Nifty50 broke below its sentimentally important level of 16,400, while the Sensex lingered near 55,000-mark
HUL also said that notwithstanding these near-term challenges, the Indian FMCG sector offers significant potential for growth
In the ranking of top-five valued firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys and Hindustan Unilever.
A normal monsoon, higher crop realisations and government measures for the segment will be critical for demand improvement going ahead.
HUL stopping marketing to youngsters is welcome
HUL's reported numbers were better than industry growth. The company's volume growth was flat in the quarter compared with a contraction of 8 per cent for the industry
Revenue up 10% to Rs 13,468 cr, FY22 sales top Rs 50,000 cr
The company's board has recommended a final dividend of Rs 19
HUL Q4 preview: Analysts lack consensus on the net profit change from last year. However, all estimates showed that it will likely fall between 3-9 per cent on a sequential basis
The FMCG major has hiked prices, in the range of 3-20 per cent, across skin cleansing and detergents
A YoY fall in volumes in the March quarter would be a first in seven quarters
Business Standard brings you the top headlines on Wednesday
The price increases come on the back of constant rise in raw material costs
Nitin Paranjpe appointed as non-executive chairman, Sanjiv Mehta to continue as CEO & MD
Business Standard brings you the top headlines on Thursday
Sanjiv Mehta will continue as the Chief Executive Officer & Managing Director