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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. ....