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HUL elevates Neelkatan to ED, customer development
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Four rising stars take charge in bold leadership overhaul at HUL
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HUL appoints Vipul Mathur as ED for personal care
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There is no near-term respite for the country s largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front.
With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits.
The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
Hindustan Unilever (HUL) s decision to split its beauty and personal care division and place a renewed focus on digital has been driven by its aim to serve the consumer of tomorrow, say analysts and brand experts.
HUL managing director and chief executive officer Rohit Jawa is looking to make the company future ready , and while these bets are not for the short-term, they will eventually pay off as the Indian consumer is young and digital friendly, they add. Rohit Jawa comes with digital experience and he is preparing to steer HUL into serving the future consumer who is more digital friendly, said Sachin Bobade, vice-president at brokerage firm Dolat Capital.