Diabytes
HUL News
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Women are shattering the glass ceiling of the corporate corridors. Priya Nair's appointment as the new CEO and Managing Director of FMCG giant Hindustan Unilever, has once again put the spotlight on powerful women in the boardroom. Here is a list of female CEOs and managing directors at prominent, listed Indian companies:
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Presently, Priya Nair is Unilever's President of Beauty & Wellbeing. Nair joined HUL in 1995 and has worked for Unilever for over thirty years, advancing through the ranks.
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The company had logged a net profit of Rs 2,561 crore in the January-March quarter a year ago, the company said in a regulatory filing.
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The company board also declared an interim dividend of Rs 18 per equity share of face value of Re. 1 each for the financial year ending on March 31, 2024.
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The company had posted a consolidated net profit of Rs 2,391 crore in the same quarter last fiscal, Hindustan Unilever said in a regulatory filing. Total income in the first quarter stood at Rs 15,679 crore as against Rs 14,757 crore in the corresponding period last fiscal year.
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Together with the interim dividend of Rs 17 per share paid on November 21, 2022, the total dividend for the financial year ended March 31, 2023, amounts to Rs 39 per share.
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HUL now has 16 brands with a turnover of Rs 1,000 crore each.
HUL had posted a net profit of Rs 2,190 crore in the January-March quarter of the previous fiscal.
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HUL increased the prices of facewash across brands by up to 9%.
The prices of other products such as Vim bar and liquid were also increased.
HUL decided to increase the rates of Bru coffee powder earlier this month.
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AICPDF called off its stir to boycott certain products of the company starting from January 1, 2022.
The federation also said that for the next three months, the distributors of Colgate will keep a close watch on the market.
The distributors had earlier decided to stop selling products of FMCG major Hindustan Unilever Limited.
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In the mid-cap space, Angel One, Macrotech Developers, Ramco Cement, Zensar Tech and Devyani International are some of the top picks from MOFSL.
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HUL has reportedly not engaged in talks with them.
The issue is the price disparity between traditional distributors and organised B2B distributors.
AICPDF is in negotiation with several FMCG makers.
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The reason behind the price is a jump in input costs.
ITC has increased the price of Fiama Di Wills and Vivel.
ITC has jumped the rates after input costs went up significantly.
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M&M was the top gainer in the Sensex pack, zooming over 5 per cent.
M&M was followed by PowerGrid, ITC, L&T, Tech Mahindra, Titan and Tata Steel.
Maruti, HUL, Nestle India, Axis Bank and SBI were among the laggards.
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HUL has hiked prices of detergents and soap bars by anywhere between 3.5 to 14 percent in the past month.
With this hike, the 500-gram packet will now cost Rs 29 against Rs 28, the one kilogram will cost Rs 58 against Rs 56-57.
Meanwhile, for Rin detergent powder, customers will have to shell out Rs 82 against Rs 77 for the one-kilo packet.
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HUL had posted a net profit of Rs 1,795 crore in April-June quarter of the previous fiscal.
Its sales during the quarter under review rose 3.65 per cent to Rs 10,570 crore, as against Rs 10,197 crore.
Its total expenses increased 5.42 per cent to Rs 8,324 crore in Q1 FY2020-21, compared to Rs 7,896.
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The Fair and Lovely brand has been criticized by some sections for promoting fairness as a symbol of beauty in an Indian milieu where diversity of skin tones is prevalent.
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GSK struck a deal to fold its Indian business - whose main product is Horlicks - into Unilever`s Indian unit Hindustan Unilever in exchange for shares in the combined group.
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The stock declined 5.47 per cent to Rs 2,075.40 on the BSE.
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The company's managing director, whole-time directors and key managerial personnel together took a gross salary of Rs 36.40 crore, up 3.88 percent from Rs 35.04 crore in 2017-18.
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The company has received 99.99 per cent votes in favour of the scheme of amalgamation among the company and Hindustan Unilever Ltd (HUL) in the National Company Law Tribunal-convened meeting of the equity sharehoders on June 1, 2019.
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