Rao joined HUL in 1991 and worked across marketing, customer development, and brand development roles in various geographies
Net profit up 18.6% on 10.3% rise in revenue; says near-term outlook uncertain as growth moderating, inflation high
Hindustan Unilever and the FMCG pack will be in focus as distributors in Maharashtra plan to stop supply HUL products in phases from Jan 1, also rural demand for FMCG has been weak in Dec quarter
The company declared an interim dividend of Rs 15 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022
With a 7% fall in volumes, topline declined by 9% and pre-tax profit by 11%; analysts see more pressure in coming quarters
In the past month, HUL shares have gained 5 per cent, while Nestle (India) has risen 1 per cent in a falling market
While hygiene and home care segment, rural-focused players could see better demand, a large portion coming from non-essential products means topline will be impacted
Avenue Supermarts, which runs the DMart chain of stores, Adani Green Energy, Berger Paints, Blue Star, Indraprastha Gas, Manappuram Finance, SBI Life Insurance also hit record high levels on Friday
HUL, P&G Hygiene, Britannia Industries, Colgate-Palmolive, Jubilant FoodWorks, Dabur India and Marico were up in the range of 1% to 4% in otherwise weak market