Latest news with #RohitJawa
Yahoo
2 days ago
- Business
- Yahoo
Priya Nair Returns to India as CEO, Managing Director of Hindustan Unilever Limited
— Priya Nair, president of Unilever's beauty and well-being division, has been named chief executive officer and managing director of Hindustan Unilever Ltd., effective Aug. 1. She will also join the HUL board, and continue to be a member of the Unilever Leadership Executive. Her successor at the beauty and well-being division will be revealed in due course, the company said. More from WWD Topshop to Stage Fashion Show in London After Seven-year Hiatus Phoebe Philo Is Ready to Open Her First Store on Carlos Place in London's Mayfair Richemont's Jewelry Sales Soar in Q1 Due to Demand in Europe, Americas and the Middle East The new appointment is a homecoming for Nair, who joined HUL in 1995 and held several sales and marketing roles across home care, beauty and well-being, and personal care. During her career, she served as executive director of the home care, beauty and personal care divisions at HUL. She has served as president of beauty and well-being, one of Unilever's fastest-growing businesses, since 2023. In her new role, she will succeed Rohit Jawa, who will step down as CEO and managing director on July 31. Nitin Paranjpe, chairman of HUL, said Nair 'has had an outstanding career in HUL and Unilever. I am certain that with her deep understanding of the Indian market and excellent track record, Priya will take HUL to the next level of performance.' In May, Nair told the 2025 WWD Beauty CEO Summit that beauty and well-being are deeply interconnected. 'Enhancing one enhances the other and compromising one compromises both. People no longer see the pursuit of beauty and well-being as independent of each other. In fact, nearly nine in 10 people say they don't feel beautiful unless they also feel good on the inside. They're now seeking solutions that support physical appearance, mental well-being and positively contribute to overall health,' she said. Nair added that Unilever products try to address consumers' desire for beauty and well-being. 'This can be seen across our portfolio, with brands such as Nutrafol and Liquid I.V., where this connection is integral to their core proposition, as well as in new innovations from brands like Dove and Clear.' Best of WWD EXCLUSIVE: Maje Names Charlotte Tasset Ferrec CEO Nadja Swarovski Exits Family Company Amid Ongoing Corporate Shakeup Aeffe MD Exits Fashion Group 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
Indian Express
5 days ago
- Business
- Indian Express
‘Pesticide in biscuit sample': Karnataka HC quashes criminal proceedings against Hindustan Unilever CEO
The Karnataka High Court has quashed criminal proceedings lodged against Hindustan Unilever CEO and managing director Rohit Jawa after a biscuit sample was allegedly found to contain pesticide. The order, passed on July 3 by a bench consisting of Justice J M Khazi, was made publicly available recently. The court said, '…in the present case, the company is not arraigned as an accused, and therefore the petitioner, who is the sole accused, cannot be proceeded against.' It, however, stated that a fresh complaint could be filed by implicating the company too, as the initial complaint did not name it. The grievance in this regard was filed by a food safety officer in 2023, under provisions of the Food and Safety Standards Act, based on the discovery that a sample of Horlicks biscuits from a supermarket in Bengaluru contained the pesticide Chlorpyrifos beyond the safe limits. In India, Horlicks is owned by Unilever. Jawa's counsel argued that the tests prescribed under the Food Safety and Standards (Contaminants, Toxins and Residues) Regulations were not applicable to finished products such as biscuits. It was also pointed out that the company (Hindustan Unilever) was not named in the case, and as per the law, the CEO was not the manufacturer. Hence, the trial judge should not have taken cognizance of the matter. On the other hand, the opposing government counsel argued that the MD was responsible for the company's business. He added that in the event that the proceedings are quashed because the company was not named as an accused in the complaint, liberty ought to be granted to file a fresh petition and implead the company. Allowing the petitioner to do so, the high court subsequently stated, '…the criminal proceedings against the accused are liable to be quashed…the complainant is at liberty to file a fresh complaint by implicating the company also, and thereafter proceed further.'
Time of India
7 days ago
- Business
- Time of India
Karnataka HC quashes criminal proceedings against HUL CEO Rohit Jawa
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Karnataka High Court has quashed the criminal proceedings against Hindustan Unilever Limited HUL ) managing director & CEO Rohit Jawa in a case of food contamination under the Food Safety and Standards Act Judge JM Khazi, by a July 3 order, however, has allowed liberty to the food safety officer at the Bengaluru civic body BBMP to file a fresh complaint against the HUL CEO Jawa and arraign his company as an additional accused.A food safety officer had collected samples of Horlicks biscuits from a supermarket in Hebbal and filed a criminal case naming the HUL CEO saying the biscuit sample was found to be unsafe for human consumption as it contained pesticide Chlorpyrifos beyond the specified trial court had in June 2023 taken cognizance and issued summons to Jawa. The Judge expressed surprise that the authorities sought to proceed against individuals, and not the moved the high court challenging the criminal proceedings imitated against him at the trial court by taking cognizance for the offences punishable under the food safety act. The Judge held that in the absence of the company, the managing director cannot be proceeded against.
Mint
7 days ago
- Business
- Mint
FMCG stock HUL declares board meeting date to announce Q1 results 2025. Details here
Fast-moving consumer goods (FMCG) major Hindustan Unilever Ltd (HUL) has scheduled its board meeting on July 31, 2025, to announce financial results for the first quarter of the current fiscal year (Q1FY26), according to a regulatory filing submitted to the stock exchanges. The company stated, 'A meeting of the Board of Directors of the Company will be held on Thursday, 31st July 2025, inter alia, to consider the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June 2025, along with the Limited Review Reports of the Auditors.' HUL further confirmed that the financial results will be disclosed to the stock exchanges upon conclusion of the board meeting and subsequently published in the press, as mandated under SEBI's Listing Regulations. HUL's earnings for the March quarter (Q4FY25) showed signs of strain, with consolidated net profit attributable to shareholders falling 3.7 percent year-on-year to ₹ 2,464 crore, from ₹ 2,558 crore in the corresponding quarter last year. Sequentially, net profit fell 17.4 percent. Total consolidated income for the quarter stood at ₹ 15,979 crore, marking a modest 3.5 percent growth compared to ₹ 15,441 crore in Q4FY24. On a quarter-on-quarter basis, revenue remained flat. HUL's EBITDA rose slightly to ₹ 3,466 crore from ₹ 3,435 crore last year, although EBITDA margins contracted by 30 basis points to 23.1 percent. The company attributed the margin pressure to adverse product mix and operational challenges. Despite the subdued quarterly performance, the board proposed a final dividend of ₹ 24 per share, adding to the interim dividend of ₹ 19 per share and a special dividend of ₹ 10 per share already paid in November 2024. Commenting on the annual performance, Rohit Jawa, CEO and Managing Director of HUL, said: 'In FY25, our turnover surpassed ₹ 60,000 crore with an Underlying Sales Growth of 2% and an EPS growth of 5%. While absolute volume tonnage grew in mid-single digits, it was partially offset by a negative mix. Looking ahead, we anticipate demand conditions to gradually improve in FY26.' Shares of HUL were trading at ₹ 2,520.10 ahead of the earnings announcement, which is still 17 percent below its 52-week high of ₹ 3,034.50, touched in September 2024. The stock hit its 52-week low of ₹ 2,136 in March 2025. Over the past 12 months, the FMCG stock has largely remained range-bound, declining 3.5 percent. However, the stock has shown signs of recovery recently, gaining almost 10 percent in July so far, following a 2.3 percent fall in June. The scrip had risen for three consecutive months before that — 0.3 percent in May, 3.7 percent in April, and 3 percent in March. It had lost 11.3 percent in February after a solid 6 percent gain in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Reuters
7 days ago
- Business
- Reuters
Breakingviews - Unilever India boss's first job is a deep clean
MUMBAI, July 14 (Reuters Breakingviews) - Indian consumers are shaking a global giant awake. Last Thursday, Unilever (ULVR.L), opens new tab named Priya Nair CEO of its local unit to replace Rohit Jawa, who will leave at the end of July after completing less than half of his term. The $150 billion maker of Dove soap is struggling to grow in its second-largest market. The new chief's biggest task is refreshing the unit's stale business. The management rejig, which fuelled a 5% surge in Hindustan Unilever's (HUL) ( opens new tab shares on Friday, follows a change of guard at the London-headquartered group and years of weak performance at the Indian unit. Over the past two years, HUL's sales grew just 2%, far behind Nestle ( opens new tab which managed 9%. This bleak performance is captured in the Mumbai-listed shares. HUL trades at 52 times the unit's expected earnings for 2025, lagging Nestle India, which trades at 68 times. There are multiple reasons for this yawning gap. To start, the owner of the Lakme beauty brand is failing to keep up with homegrown challengers like $7 billion Nykaa ( opens new tab and $1 billion Honasa Consumer's ( opens new tab Mamaearth, which offer more differentiated beauty products to the well-heeled and upwardly mobile Indian consumers. At the lower end of the market, private labels, opens new tab are finding favour with shoppers on a budget. HUL reacted to the trend with a new strategy involving a $311 million acquisition of skincare brand Minimalist in January, among other things, but it needs to do more. It could consider adding Temasek-backed fast-growing packaged snacks maker Haldiram's to complement its portfolio. Introducing global brands like Ben & Jerry's ice cream or Maille condiments would offer an easy refresh of its India shelves too. A shifting market structure has pulled the rug from under the vaunted distribution model of the Brooke Bond tea maker. Urban Indians are increasingly ordering everything from milk to lipstick through apps like Blinkit, backed by $28 billion food delivery champion Eternal ( opens new tab, which offers 10-minute deliveries and a superior product selection. HUL is yet to update its supply chains to keep up with the speedy replenishment this channel demands. This is a problem given this end of the grocery market is growing 70% annually, per Bernstein. Nair currently presides over Unilever's beauty business and is an old India hand. That sets her up nicely to tackle the aforementioned issues. And if she manages to revitalise the business, it will also help the larger Unilever group, which owns 62% of the Indian unit. But given how far Unilever's Indian business is lagging, the cleanup will take time. Follow Shritama Bose on Linkedin, opens new tab and X, opens new tab.
