Page 6 - Hul

Amid global challenges, India a silver lining: HUL's Nitin Paranjpe

He said there were five factors that would help India in its growth journey

India appears to be 'silver lining' amid global challenges: HUL Chairman

India appears to be the silver lining amid global headwinds and is poised to leapfrog into the future, but the country must address challenges like employment and agriculture productivity, said HUL Chairman Nitin Paranjpe. Addressing the AGM of the company on Monday, Paranjpe said India has been the fastest-growing economy in the last decade and is touted to become the world's third-largest economy by 2027, surpassing Japan and Germany. It is emerging steadily from the shadows of being a poor nation, and taking 'centre stage'. "The country's ambition of becoming a high-middle income country by 2047, when the nation celebrates 100 years of independence, is a definite possibility," Paranjpe said in his speech titled Transforming to Win in the New India. This would be led by factors like favourable demographics, rising consumption, enviable digital public infrastructure, investments and a culture of innovation and enterprise. According to HUL Chairman, a growing young population can

More HUL managers become crorepatis this year, no salary jump for CEO

Approximately 205 managers at HUL received an annual income surpassing Rs 1 crore, compared to 153 managers in the previous financial year

Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass

Top Stocks to Watch on June 6, 2023: Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms

Lakme Lever revenue rises 19.8% in FY23, HUL's exports at Rs 1,268 cr

FMCG major HUL's revenue from Lakme Lever Pvt Ltd, a wholly-owned subsidiary engaged in the salon business, increased 19.3 per cent to Rs 328 crore in FY23, led by a recovery in the business after the COVID-19 pandemic, as per the company's latest annual report. The subsidiary reported a Rs 275 crore revenue from the sale of products and services in FY22. "The company (Lakme Lever) delivered robust top line and bottom line growth led by a recovery in the salon business," the report said. With a focus on safety, quality of operations, expert treatments and prudent cost optimisation, the salon business continues to perform well in the beauty services category, it said. "Job work business continued to do well," said HUL. Lakme Lever has over 450 owned/managed and franchisee salons. In the last year's annual report, the number of saloons was 400. "The company has emerged stronger post the pandemic by strengthening safety, quality and expertise across all touch points in our customer

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