Sanjiv Mehta, chairman and managing director of Hindustan Unilever, the country s largest consumer goods company, saw his annual remuneration fall by 20.9 per cent to Rs 15.36 crore in the financial year ended March 31, 2021 (FY21).
Remuneration includes salary and allowances, bonus, perquisites, and contribution to provident fund and pension fund, according to the company s latest annual report. Details regarding stock option payouts to key executives were not given in the annual report.
Human resources experts said Covid-related challenges were among key reasons for the drop in Mehta s remuneration. In his statement to shareholders, Mehta said the pandemic had a significant impact on lives, livelihoods, and business.
Publishing date: May 02, 2021 • 2 hours ago • 4 minute read •
Article content
(Bloomberg) Overflowing cargo ships, snarled production lines, copper above $10,000 and a start to earnings season that’s smashing records.
As developed economies reopen and the newly vaccinated embrace their pre-Covid ways, the global rebound is proving vigorous but messy. For equity investors, the most pressing question is whether the return of inflation spoils returns and eats into corporate profits.
We apologize, but this video has failed to load.
Try refreshing your browser, or Inflation Haunts Stock Traders in Blockbuster Earnings Season Back to video
Accelerating prices and fears the U.S. Federal Reserve will tighten policy to tame them top the list of money-managers’ concerns, according to Bank of America Corp.’s monthly investor survey. Almost half of those polled by UBS AG predict inflation will quicken over the coming three years.
HUL Q4 Results: Volume Growth At 16%, Profit Beats Estimates
Apr 29 2021, 2:46 PM
April 29 2021, 1:59 PM
April 29 2021, 2:46 PM
Hindustan Unilever Ltd.âs quarterly profit surged beating estimates, and volumes jumped as Indiaâs largest consumer goods maker continues to recover from the pandemic-driven disruption.The fast-moving consumer goods makerâs net profit rose 41% over the year earlier to Rs 2,143 crore in the quarter ended March, according to an exchange filing. That compares with the Rs 1,967.9-crore consensus estimate of analysts tracked by Bloomberg..
Hindustan Unilever Ltd.âs quarterly profit surged beating estimates, and volumes jumped as Indiaâs largest consumer goods maker continues to recover from the pandemic-driven disruption.
HUL Q4 profit jumps 45% to ₹2,191 cr
April 29, 2021
A pedestrian walks past the Hindustan Unilever Limited (HUL) headquarters in Mumbai - REUTERS×
FMCG behemoth posts a total income of ₹12,542 crore for the quarter
Hindustan Unilever Limited (HUL) on Wednesday posted a consolidated net profit of ₹2,191 crore in the fourth quarter ended March 31, 2020, a 45 per cent increase from the corresponding quarter last year.
The domestic consumer growth was at 21 per cent with underlying volume growth of 16 per cent, said HUL. The health, hygiene and nutrition segment forming around 80 per cent of the company’s business grew in double-digits for the third consecutive quarter, while discretionary and out-of-home categories improved sequentially, it added.
Hindustan Unilever (HUL), the country s largest consumer goods company, reported a 41 per cent year-on-year (YoY) jump in net profit to Rs 2,143 crore for the quarter ended March 31, 2021 (Q4), aided by a low base and an all-round recovery across segments.
Bloomberg consensus estimates had pegged Q4 net profit at Rs 1,967.9 crore. A year ago, HUL’s net profit stood at Rs 1,519 crore.
Sequentially, HUL reported a 11.6 per cent growth in net profit, though revenue wasn’t able to hold up that well, growing 2.3 per cent only versus the December quarter. Revenue includes net sales plus other operating income. HUL’s stock closed at Rs 2,409.05 per share on the BSE on Thursday, remaining largely flat compared to the previous day s close.