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While volume growth was tepid to modest for the three companies, gross margins have expanded. Margin expansion has been achieved through better operational efficiency or productivity gains. Taking price rises, lowering ad spends and rationalising costs are the various levers used. ....
MUMBAI: Hindustan Unilever has announced that B P Biddappa will join the HUL management committee as executive director, HR and chief people, transfor. ....
The Indian automobile industry is experiencing a surge in hiring for C-suite executives from diverse consumer-facing sectors to address a talent shortage at the top level amid a post-pandemic sales rebound. Over the past 12-18 months, senior executives from FMCG, consumer durables, and retail backgrounds have transitioned to carmakers like Maruti Suzuki, Bajaj Auto, and TVS Motor Company, traditionally known for hiring engineers and technology experts. ....
Before taking over the corner room of HUL in June 2023, Jawa, 57, served as chief of transformation for Unilever in London, where he piloted the company s end-to-end transformation from January 2022 ....
According to the company, the latest quarterly performance of no pricing growth is the carry-forward of price cuts in segments such as laundry and soaps that are highly price-sensitive. In past four quarters, companies have been slashing prices amid visible consumer preference for cheaper products, but strategy hasn t helped boost volumes. ....