Page 5 - Hul

Operating environment to remain volatile amid global slowdown: HUL

Leading FMCG maker HUL expects the operating environment to remain volatile with global slowdown risks and weather-related uncertainty although price increase will tail off. In its annual report for 2022-23, the company said it anticipated a recovery in market volume gradually as consumption habits readjust with a lag. In the near term, the operating environment is expected to remain volatile with global slowdown risks and weather-related uncertainty, said the report. It further said,While inflation has moderated, commodities remain elevated vis--vis longer-term averages. Looking forward, we expect that the price-volume growth will rebalance. In the March quarter earnings call, HUL said the rural slowdown is "bottoming out" and a gradual recovery in volume is expected. However, HUL also warned that the near-term operating environment is likely to remain volatile due to global slowdown risk and uncertainty related to weather phenomena like El Nino, and heat waves. On the medium to

Hindustan Unilever, Genpact launch Be.Seen to help minority-owned units

FMCG giant may absorb these businesses into its own supply chain

We are much ahead of market in premiumisation: HUL MD & CEO Sanjiv Mehta

The maker of LUX soaps expects its premium products will keep driving margins

After a muted Q4, high base could pose growth challenges for HUL

Muted volume growth, higher ad spends may be a drag on profitability

HUL Q4 results: Net profit rises 12.8% to Rs 2,600 crore, revenue up 10.5%

But volumes, top line, and operating performance below expectations

HUL Q4 net profit up 10% YoY, FMCG giant declares dividend of Rs 22/share

In the quarter, the FMCG giant reported a net profit of Rs 2,552 crore, up from Rs 2,327 crore last year

ITC rally has more legs on FMCG biz scale up, high cigarette vols: Analysts

ITC share: The stock has firmly outperformed the benchmark returns by rallying 56 per cent over the last year versus a 3% and 23.5% gain in the Nifty50 and Nifty FMCG indices during this time

HUL cuts prices, raises grammage in detergent and dishwash segments

The price of Surf Excel Matic (liquid) has been cut to Rs 199 from Rs 220 for a one-litre pack

CEO of the Year: How Hindustan Unilever grew well under Sanjiv Mehta

During Mehta's tenure in HUL, the share of women in the management has gone up to 45 per cent, from under 20 per cent earlier

India's leadership conundrum

What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?

HUL bets on health and wellbeing space as sunrise market of the future

Its strategy follows the success parent Unilever had in the US in this segment, which it entered in 2017 through acquisitions alone

Rohit Jawa to take over Hindustan Unilever's reins from Sanjiv Mehta

Jawa 'orchestrated once-in-a-decade, end-to-end transformation of Unilever' in key role in London

Miles to go before I sleep, says Sanjeev Mehta after 31 years at Unilever

Dwells on the MNC's milestone achievements across the globe as he hands over the mantle of MD & CEO to Rohit Jawa

HUL board names Rohit Jawa next MD & CEO, to succeed Sanjiv Mehta

FMCG major HUL on Friday announced the appointment of Rohit Jawa as the Managing Director & Chief Executive Officer. Jawa, presently the Chief of Transformation for Unilever, would take over the leadership role for five years with effect from June 27, 2023. "The appointment of Rohit Jawa as a whole-time Director and MD & CEO will be subject to approval of shareholders and other statutory approvals as may be applicable," HUL said in a regulatory filing. Jawa will succeed Sanjiv Mehta as the MD & CEO of the company with effect from June 27, 2023.

Tata Consumer says still in talks with Bisleri Int'l for majority stake

If this deal, estimated at Rs 6,000-7,000 cr goes through, it would become the largest in the Indian FMVG, surpassing HUL's April 2020 acquisition of Horlicks from GSK for Rs 3,045 cr

Stocks to watch: HUL, United Breweries, Motherson, Sun Pharma, Paytm, Cipla

Stocks to watch: Samvardhana Motherson announced it is buying SAS Autosystemtechnik (SAS), which manufactures auto cockpit modules, from French company Faurecia for Rs 4,790 crore

HUL to sell Annapurna, Captain Cook for Rs 60.4 crore; exits atta, salt biz

FMCG major HUL on Friday announced selling of its Annapurna and Captain Cook brands to Singapore-based Uma Global Foods for Rs 60.4 crore to exit from non-core atta and salt business. It has signed an agreement for the sale of its atta and salt business carried out under the brands 'Annapurna' and 'Captain Cook', respectively, the company said in a statement. "HUL's decision to divest is in line with the stated intent of exiting non-core categories while continuing to drive its growth agenda in the packaged foods business of dressings, scratch cooking and soups," said HUL. About consideration received from sale of the two brands, HUL said it is Rs 60.4 crore. In the financial year 2021-22, both the brand had a turnover of Rs 127 crore and had contributed less than one per cent of HUL's turnover, it said. "The brands are being sold to Uma Global Foods Pte Ltd, and Uma Consumer Products Private Ltd. which are subsidiaries of Reactivate Brands International, a Singapore-headquartere

HUL to sell Annapurna and Captain Cook brands for Rs 60 cr to Singapore co

The two brands had a combined turnover of Rs 127 cr in FY22, less than 1% of HUL's top line

Royalty costs for benefit of all shareholders, not just Unilever: HUL CEO

'Mom-and-pop stores will remain the most dominant channel even after a decade, and in a highly digitised form'

India's rural markets impacted due to high food inflation: Unilever CEO

Jope said the company saw 15.6 per cent growth in the country during the quarter, during which price and volume were up 11.2% and 3.9%, respectively