Page 2 - Unilever

Successor to face increasingly heated competition, says Unilever India CEO

International corporates are turning their attention to India, while large local firms have "big aspirations" to expand their reach, said Sanjiv Mehta

Unilever hunts for new chair after botched takeover, investor rows

The company has shaken up its top ranks after appointing activist investor Nelson Peltz to the board last year

Best of BS Opinion: Stressing stability, freebies in a prosperous state

Here is the best of Business Standard's opinion pieces for today

SHE can coexist with enterprise

Unilever has successfully demonstrated how virtue can be sustained over generations in enterprise. Can the same be said about venerable Indian companies?

Rural slowdown bottoming out, gradual recovery in volume expected: HUL

The rural slowdown is "bottoming out" and a gradual recovery in volume is expected, helped by government initiatives to drive the economy there along with moderation of inflation, FMCG firm HUL's CFO Ritesh Tiwari said on Thursday. Though the rural growth was still down 3 per cent in the quarter ended March 31, 2023, it is on the right path of recovery with overall commodities price moderation, Tiwari said in an earnings call. "Everything is going in the right direction," he said, adding, with a good level of government expenditure to drive the rural economy, moderation of inflation and 6 to 6.4 per cent growth of country's GDP. While talking about the overall FMCG (fast moving consumer goods) market, Tiwari said, "the latest three-month market numbers are 11 per cent growth but volumes are flat. This is a better sign for the industry." Even if the volume is flat, he said, it is better "compared to what we had last year, about 4 per cent negative volumes in the previous quarter. So

Hindustan Unilever's earnings margin shrinks after increased commodity cost

HUL shares fell about 2%, taking their total declines this year to nearly 4%

Unilever's cloud-only approach will improve resilience, strengthen security

It will also help Unilever to identify trends and make decisions faster

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

Hein Schumacher is the new CEO of Unilever after Tangle With Peltz

Schumacher joined Unilever's board as an independent director in June, just a month after Peltz obtained a seat

Market value up, but volumes declining in India: Unilever CEO Alan Jope

The consumption weakness is due to the impact of inflation, particularly in rural areas, he said

Unilever downbeat on Europe, China consumer sentiment; raise prices

Like the rest of the consumer goods industry, Unilever's margins have been squeezed since the start of the war in Ukraine that has pushed up costs of energy and key ingredients

Dove dry shampoo recall in US: Mkt too small, no impact likely in India

Nykaa had listed the US as the country of origin for the Dove and Tresemme dry shampoo products sold on its platform

Dove, other Unilever aerosol dry shampoos recalled over cancer risk

Unilever Plc recalled popular brands of aerosol dry shampoo, including Dove, after discovering they were contaminated with a chemical called benzene that can cause cancer

HUL's market capitalisation hits 67% of its parent company Unilever

Indian FMCG giant's m-cap is touched $77 billion as compared to $115 billion of Unilever that holds 62 per cent in HUL

Unilever CEO to quit at 2023-end as investors question credibility

The move was met with disapproval from shareholders, some of whom also criticised Unilever for prioritising sustainability over core growth

Top headlines: Rupee at new low; Unilever CEO to quit end of next year

From rupee touching a new low to Unilever CEO quitting by end of next year; here are the top headlines this evening

Unilever CEO Alan Jope to retire at end of 2023 after GSK setback

Jope, a long-term veteran of the consumer goods company, will leave after only five years in the role, with no named successor currently in place

Top Headlines: 5G spectrum bids on Day 1, IMF cuts India's GDP forecast

The opening day of the biggest telecom auction in the country ended with top telecom firms buying spectrum worth more than Rs 1.45 trillion across frequency bands including 5G

Unilever hikes prices for products due to inflation, expects strong sales

The challenges of inflation persist and the global macroeconomic outlook is uncertain, but we remain intensely focused on operational excellence and delivery in 2022 and beyond, CEO Alan Jope said.