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HUL Q1 PAT rises 10% YoY to Rs 2,061 crore
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HUL announces key change to the Management Committee
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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.
After Attacking HUL s Brands, Sebamed Now Tweaks Ads And Offers Free PH Test Kits
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Synopsis
For HUL, India’s biggest FMCG company, the soap business accounts for roughly a quarter of its annual sales. It is the market leader in the Rs 22,000-crore soap segment with a 40% share.
ThinkStock Photos
MUMBAI: The Bombay High Court on Monday restrained until further order USV Pvt. Ltd., the distributor of German skincare brand SebaMed’s products in the country, from running advertisements that Hindustan Unilever Ltd (HUL) alleges disparage its products.
HUL, the maker of personal care products, including
Lux, Dove and Pears, had approached the court to restrain USV from publishing and airing advertisements which, it alleged, claim that SebaMed’s products are superior. USV takes care of distribution and marketing for SebaMed in India.