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Tag: FMCG major

  • Prabha Narasimhan takes over as managing director of Colgate-Palmolive India

    Prabha Narasimhan takes over as managing director of Colgate-Palmolive India

    Mumbai: After a stint of over two decades at Hindustan Unilever, Prabha Narasimhan has joined Colgate-Palmolive India as managing director. Previously, she served as an executive director at the FMCG major before moving on from the company earlier this year in May 2022. Narasimhan takes over the reins of the oral care major from Ram Raghavan, who has moved to a global role.

    Narasimhan confirmed the development through a post on LinkedIn: “Everyone deserves a future they can smile about is the core philosophy of the Colgate brand. Today, as I start my new journey with Colgate, this definitely made me smile. Over the last three months, I have had the opportunity to travel across 6 different countries and 7 offices to meet and understand this business and its people, and it has been an amazing experience. I am now excited and eager to work with the Colgate Palmolive team in India on brands that I have grown up with and a business that is an absolute powerhouse,” she wrote.

    “No post of starting would be complete however without a look back at my time with Unilever. I consider myself extremely privileged to have worked for over 2 decades in such a fabulous organisation and more importantly work with such amazing colleagues – many of whom are lifelong friends. I will continue to watch & cheer their progress. Thank you to everyone, far too many to name here, who have helped me get to this position and thanks in advance to my new Colgate colleagues who I am excited to get to know more,” she further added.

    Narasimhan joined Hindustan Unilever as a regional marketing manager in 2006. She worked her way up to become the vice president of the personal care category in 2015, before going on to become the vice president of the skin care category. In 2020, she was promoted to the position of executive director.

    In the past, she has also served a stint with the Aditya Birla Group as general manager – Strategy at Madura Garments.

  • Dabur’s Amit Burman steps down as chairman, to continue as a non-executive director

    Dabur’s Amit Burman steps down as chairman, to continue as a non-executive director

    MUMBAI: Amit Burman has resigned as the chairman of FMCG major Dabur India. Burman shall continue to be the non-executive director of the company, Dabur India announced in a regulatory filing. The company has accepted the resignation of Amit Burman from the post of chairman of the board of directors with effect from 10 August 2022.

    The board has also affirmed the appointment of Mohit Burman, who is currently the non-executive vice chairman, as the non-executive chairman of the board for five years with effect from 11 August. 

    Apart from this, Saket Burman has been appointed as the non-executive vice-Chairman of the board of directors for five years.

    Burman started his career at Dabur’s Industrial Engineering Department where he was responsible for the induction of machinery, method improvements, manpower reduction and improving product packaging. He took on the responsibilities as the CEO of Dabur Foods in 1999 and forayed into the processed foods business with a range of ethnic cooking pastes & chutneys and packaged fruit juices.

    Burman stepped down as the CEO of Dabur Foods when the company was merged into Dabur India in July 2007. He was then appointed the vice chairman of Dabur India. He took charge as the chairman of Dabur India in 2019. He is credited for Dabur India’s foray into the processed foods business with the setting up of Dabur Foods Ltd. He is also responsible for driving all business strategy, development and communications at Dabur Foods.

    An alumnus of the University of Cambridge, he also holds M.Sc degree in Industrial Engineering from Columbia University, USA and a B.Sc. degree in Industrial Engineering from Lehigh University, Bethlehem, PA, USA.

  • The HUL journey: A growth story powered by purpose, says CEO & MD Sanjiv Mehta

    The HUL journey: A growth story powered by purpose, says CEO & MD Sanjiv Mehta

    Mumbai: FMCG major Hindustan Unilever Ltd (HUL) has become a Rs 50,000 crore turnover company, the first pure FMCG firm to achieve this milestone. The company’s revenues for the full year increased 11.3 percent to Rs 51,193 crore, as compared to its revenues of Rs 45,996 crore for FY21, a flat volume growth due to unprecedented inflation notwithstanding.

    Sharing the news on LinkedIn, HUL CEO and managing director Sanjiv Mehta wrote: “The Hindustan Unilever journey has been a growth story powered by our purpose ‘To Make Sustainable Living Commonplace’.”

    Calling the HUL of today “a perfect example of #ProfitsThroughPurpose,” Mehta stated that the results demonstrate how their “values & purpose-led, the future-fit business model delivers superior financial performance.”

    “We have created a water potential of over 1.9 trillion litres by working in thousands of villages in India. Our carbon emissions from manufacturing have reduced by 94 per cent against the 2008 baseline,” detailed Mehta.

    “We achieved plastic neutrality, empowered 1.6 lakh rural women micro-entrepreneurs through Project Shakti and have helped thousands of people living in the slums of Mumbai get a better life through Suvidha, our scalable community hygiene & sanitation centres. And during these last nine years, we have doubled our turnover, tripled our EBITDA, and quadrupled our market cap to over Rs five lakh crores or $70 billion,” he further shared.

    The HUL executive additionally went on to thank all their consumers, stakeholders and employees for ‘believing in and unequivocally supporting’ the company along the way.

    The company released its financial performance for the quarter and year ending 31 March on Wednesday.

    “In challenging circumstances, we have grown competitively and protected our business model by maintaining margins in a healthy range,” Sanjiv Mehta commented, adding, “I am also pleased that we have become a Rs 50,000 crore turnover company in this fiscal. Our consistent performance is reflective of our strategic clarity, strength of our brands, operational excellence, and dynamic financial management of our business. While there are near-term concerns around significant inflation and slowing market growth, we are confident of the medium to long term prospects of the Indian FMCG sector and remain focused on delivering a consistent, competitive, profitable and responsible growth.”

    The FMCG behemoth’s revenue from sales of products during the fourth quarter stood at Rs 13,468 crore, up 11 per cent, as compared to the corresponding period a year ago, HUL said in its regulatory filing.  

    The company now has 16 brands with a turnover of Rs 1,000 crore each and reported a 5.34 per cent increase in its consolidated net profit to Rs 2,307 crore for the fourth quarter ended in March 2022, a flat volume growth due to unprecedented inflation notwithstanding. The profit and revenues reported by the company were higher than analyst estimates.

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    Home Care growth at 24 per cent was broad-based with a strong performance in fabric wash and household care category. Both categories grew in strong double-digits with all parts of the portfolio performing well. Liquids and fabric sensations continued to outperform driven by effective market development actions, the company stated.

    Beauty and personal Care grew competitively at four per cent, while foods and refreshments grew five per cent on a very high prior-year comparator, driven by solid performance in beverages, foods, and ice-cream.

    Skin Cleansing category delivered double-digit growth driven by pricing and led by strong performance in ‘Lux,’ ‘Dove,’ and ‘Pears.’ A calibrated approach towards price increase in skin cleansing and hair care has helped protect the FMCG’s business model even as vegetable oils continue to inflate at record levels. Skin care and colour cosmetics had a muted quarter with Covid-19 third wave and high inflation impacting discretionary consumption.

    Meanwhile, HUL has consistently remained among the top-ten advertisers on television, according to Broadcast Audience Research Council (Barc) India’s report on advertising trends for week 16 (16 to 22 April). The FMCG giant had an advertising volume of over 4,775 seconds on the medium, which’s nearly equivalent to the sum of the next top four advertisers’ ad volumes.

  • HUL is top advertiser in week 3: Barc data

    HUL is top advertiser in week 3: Barc data

    Mumbai: Hindustan Lever Ltd (HUL) was once again the top advertiser in the third week of 2022 (15-21 January). As per data released by Broadcast Audience Research Council (Barc), the FMCG major delivered ad volumes 3528.69 for the period. It was followed by Reckitt Benckiser at 3499.69 and Ponds India at 1015.01.

    Brooke Bond Lipton India, Cadburys India, ITC, Godrej Consumer Products, Amazon Online India, LIC, and Colgate Palmolive grabbed the rest of the spots.

    Harpic Power Plus 10X Max Clean led the brands’ list with ad volumes of 579.53. At 437.54 Dettol Antiseptic Liquid was second. Disrupting FMCG dominance at the top three positions, Asian Paints Apex Ultima Protek lodged itself at number three with ad volumes of 304.68. Policy Bazaar.com was another unusual brand at number four.

    Vanish Oxi Action, Lizol, Harpic Bathroom Cleaner, Ultratech Cement, and Horlicks were in the next five positions, respectively. Kia Carens was the new entrant at the tenth position.

  • Resilient rural market drives HUL’s growth in Q1, net profit rises to Rs 2,100 cr

    Resilient rural market drives HUL’s growth in Q1, net profit rises to Rs 2,100 cr

    New Delhi: A resilient rural market, coupled with subsequent decline in Covid cases has infused growth in theFMCG major Hindustan Unilever Ltd (HUL) this quarter. The company reported a 10.7 per cent increase in its consolidated net profit for Q1 ended June, 2021.

    The FMCG major posted a net profit of Rs 2,100 crore in Q1 2021, compared to Rs 1,897 crore recorded in the April-June quarter of the previous fiscal. Net sales during the quarter under review stood at Rs 11,996 crore, up 13.49 per cent, as against Rs 10,570 crore in the corresponding period a year ago.

    HUL’s total expenses were at Rs 9,546 crore in the quarter under review, up 14.68 per cent from Rs 8,324 crore a year ago. The FMCG major delivered a strong performance with domestic consumer growth of 12 per cent, underlying volume growth of 9 per cent and profit after tax growth of 10 per cent, said the company in a statement.

    “In a challenging environment, we have delivered a strong performance across topline and bottomline. Our performance in the quarter has been resilient and is reflective of our capabilities, the agility in our operations and the intrinsic strength of our portfolio, “said HUL CMD Sanjiv Mehta.

    The number of Covid cases have come down June onwards, paving the way for FMCG industry’s growth and market levels to reach close to March 2021 levels. “The rebound that we have seen in the month of June and early July is led by rural. So, the good news is that rural is resilient, and it has started to come back, strongly ahead of urban,” HUL CFO Ritesh Tiwari while talking to the media virtually post Q1 results. “Rural has been a good engine for FMCG for the last few quarters, and it continues to be resilient. Hopefully, we see a good monsoon and this will augur well for the rural economy.”

    The company witnessed double-digit growth across all three divisions — Home Care, Beauty & Personal Care and Foods & Refreshment.

    Household care continued to perform well growing in high double-digits on a strong base. Liquids and Fabric Sensations also benefited from robust market development initiatives. HUL’s revenue from the home-care segment was up 11.94 per cent this quarter to Rs 3,797 crore, as against Rs 3,392 crore in the corresponding quarter in 2020.

    The company’s revenue from Beauty & Personal Care was up 13.41 per cent to Rs 4,585 crore, as against Rs 4,043 crore of the corresponding quarter. This was led by Hair Care and Skin Care, both growing in high double-digits, said HUL. “Contextual communications in Hair Care continue to yield good results. Skin Cleansing continued its strong momentum, soaps grew on a high base and the premium segment performed well. Hand Hygiene portfolio declined against an exceptionally high base,” it said in a statement.

    The Food & Refreshment segment was up 12.2 per cent to Rs 3,319 crore, as against Rs 2,958 crore in the corresponding period, helped by double-digit growth in segments as tea, ketchups, soups and nutrition business. According to HUL, all Tea brands also continued to grow in high double-digits despite a very strong base in the prior year.

    HUL said it is cautiously optimistic about future demand recovery.