Cuts fixed margins and increases variable margins for Bharat ke Shehar
At the 188th Foundation Day Celebration by the Bombay Chamber of Commerce & Industry, Jawa said in his keynote address that India's digital landscape is a key accelerator for growth
On Friday, the consumer major also announced that it had named Arun Neelakantan its chief digital officer effective January 1
Hindustan Unilever (HUL) became the first fast-moving consumer goods (FMCG) company to join ONDC last year through UShop
Large FMCG companies have seen their sales cut by homegrown brands in India. This is especially true for soaps, detergents, hair oil, tea, and biscuits
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
Hindustan Unilever to hit new 52-week low if the support of Rs 2,520 is breached
Rural demand for FMCG sector moves into positive territory
The report also said that other interesting stories at the manufacturer level include the re-emergence of Patanjali
The decision to increase royalty to 3.45 per cent to parent Unilever was taken after a detailed evaluation and due diligence, Hindustan Unilever Ltd Chairman Nitin Paranjpe said on Monday. Earlier this year, leading FMCG maker Hindustan Unilever Ltd (HUL) increased the royalty paid to Unilever PLC to 3.45 per cent of the total turnover, which will be effected in phases over the next three years. Earlier, this was 2.65 per cent. While addressing the shareholders in response to a question about the rationale of such an increase, Paranjpe said the change was made "after plenty of due diligence and satisfying ourselves that we are getting adequate value for this payment that is royalty payment which is being made". Before this, the company has also looked at the royalty paid by other FMCG companies to their parent global firms, he said. The contract terms that "we have got, were subjected to a detailed evaluation and due diligence first by a senior team from within the company. And the
Approximately 205 managers at HUL received an annual income surpassing Rs 1 crore, compared to 153 managers in the previous financial year
In the quarter, the FMCG giant reported a net profit of Rs 2,552 crore, up from Rs 2,327 crore last year
FMCG major cautiously optimistic on commodity prices, sees rural slowdown bottoming out
To acquire majority stake in OZiva maker, 19.8% in Nutritionalab
HUL also has different formulations of Surf Excel for different parts of the country as the water differs across regions
Says it's seeing 4x increase in e-commerce sales and 2x growth in modern trade
Covid-19 might have set the growth back by a few quarters but the FMCG sector has bounced back
The consumption weakness is due to the impact of inflation, particularly in rural areas, he said
Net profit rises 22.2% on 16.1% increase in revenue
Growth in volumes in the recent past was affected due to a significant surge in product prices