For 2023, Unilever reported a turnover of 59.6 billion euros. The company s underlying sales growth in the full year stood at 7 per cent with a volume increase of 0.2 per cent and 6.8 per cent from price point. While for the December quarter, Unilever s turnover was at 14.2 billion euros, up 4.7 per cent. Its Asia Pacific Africa Zone, which consists of large markets such as India and China, contributed 44 per cent of the group turnover in 2023. It posted an underlying sales growth of 6.5 per cent with price growth of 5.3 per cent and volume growth of 1.1 per cent.
"I am very grateful to Nitin for everything he has done in the company. By the way, he will continue as the chair of Hindustan Unilever for the foreseeable future. And I am very grateful that he will use all his expertise and experience in that key role," Unilever chief executive officer Hein Schumacher said.
Sudip Bandyopadhyay, Group Chairman of Inditrade Capital, advises caution in the oil and gas sector due to investments in energy transition and upcoming elections. He highlights the attractively valued oil marketing companies compared to other PSUs but warns of potential challenges in earnings and handling volatile oil prices.
Swiggy has appointed Ashwath Swaminathan, a former executive from Hindustan Unilever, as its chief growth & marketing officer. Swaminathan brings experience in strengthening consumer brands and growth marketing through data-driven insights and strategic collaborations.