Latest news with #Hindustan Unilever
Yahoo
a day ago
- Business
- Yahoo
Unilever's India arm posts higher quarterly profit on rural demand recovery
(Reuters) -Indian consumer goods maker Hindustan Unilever reported a nearly 8% increase in quarterly profit on Thursday, lifted by an ongoing recovery in rural markets. The Indian unit of UK's Unilever, home to the Dove and Surf Excel brands, said its profit rose to 27.32 billion rupees ($311.8 million) for the first quarter ended June 30, from 25.38 billion rupees a year earlier. Rural areas, which account for just over a third of overall consumer goods sales, have become a bright spot for an industry that is struggling with higher living costs and slow wage growth in large cities. For Hindustan Unilever, revenue climbed 4% to 157.47 billion rupees, helped by growth in its home care as well as beauty and wellness businesses. Shares in Hindustan Unilever were up marginally after the results. ($1 = 87.6300 Indian rupees) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
a day ago
- Business
- Reuters
Unilever's India arm posts higher quarterly profit on rural demand recovery
July 31 (Reuters) - Indian consumer goods maker Hindustan Unilever ( opens new tab reported a nearly 8% increase in quarterly profit on Thursday, lifted by an ongoing recovery in rural markets. The Indian unit of UK's Unilever (ULVR.L), opens new tab, home to the Dove and Surf Excel brands, said its profit rose to 27.32 billion rupees ($311.8 million) for the first quarter ended June 30, from 25.38 billion rupees a year earlier. Rural areas, which account for just over a third of overall consumer goods sales, have become a bright spot for an industry that is struggling with higher living costs and slow wage growth in large cities. For Hindustan Unilever, revenue climbed 4% to 157.47 billion rupees, helped by growth in its home care as well as beauty and wellness businesses. Shares in Hindustan Unilever were up marginally after the results. ($1 = 87.6300 Indian rupees)
Reuters
11-07-2025
- Business
- Reuters
India's Hindustan Unilever up 4% after naming new CEO
July 11 (Reuters) - Hindustan Unilever Ltd (HUL) ( opens new tab shares jumped nearly 4% on Friday, a day after the consumer goods maker named an insider at its parent Unilever (ULVR.L), opens new tab as its chief executive. Priya Nair, currently president of Unilever's beauty and wellbeing division, will take over as CEO of Hindustan Unilever from August 1, replacing Rohit Jawa, who will step down on July 31 before completing his five-year term, the company said in a statement on Thursday.
Reuters
10-07-2025
- Business
- Reuters
Hindustan Unilever says Priya Nair to take over as MD and CEO from Rohit Jawa
July 10 (Reuters) - Hindustan Unilever ( opens new tab on Thursday named Priya Nair as managing director and CEO, replacing Rohit Jawa well before the completion of his five-year term as the company's chief. Nair, who currently oversees a 13 billion euro ($15.19 billion) business as president of parent Unilever's (ULVR.L), opens new tab beauty and wellbeing division, will take over on August 1 for a five-year term, the maker of Dove soap said in a stock exchange filing. Hindustan Unilever is grappling with slower consumer spending and intense competition from home-grown and international players for a slice of the burgeoning sector, with the company banking on its ASPIRE programme to reignite growth amid rising living costs and sluggish wage gains. Jawa leaves Unilever on July 31 after more than 37 years with the London-listed company and exits its Indian unit barely two years into his five-year term as CEO and MD. Since taking charge in late June 2023, the company's shares have slid 9% as of Thursday's close. "HUL has had a tough time in being able to build their beauty and personal care portfolio under Rohit Jawa's tenure and has lagged the industry in this space," said Akshay D'Souza, an independent marketing consultant. He added that Nair, with her past experience, is best suited for the role. ($1 = 0.8559 euros)
