Humanise leadership, people need care not battle cry: HUL's Sanjiv Mehta
HUL was amongst the fastest to recover within the fast-moving consumer goods companies following a nationwide lockdown last year
With vaccines rolling out, the firm is looking forward to re-engaging with all possible stakeholders
If these reforms were implemented appropriately, Mehta noted that rural areas could continue growing over the long term.
The announcement is significant, as it brings to an end to months of speculation about the fate of the tea business in India, which is a growing segment for local unit Hindustan Unilever (HUL)
"Distribution costs have significantly increased and there will be short-term pressure on margins," Sanjiv Mehta, chairman and managing director said.
Mehta said, "The debate remains whether these are sufficient to kickstart a virtuous spiral of growth or would it require a substantive demand-side stimulus"
HUL has 7,082 permanent employees on the rolls of the company as on 31st March, 2020 and the percentage increase in the median remuneration of employees for the financial year was 4.26 per cent
While his FY20 salary and allowances, bonus, and provident fund contribution have grown by 41.59 per cent
The mid-to-long-term growth story remains intact for the market. Yes, the short term is a challenge, says Mehta
Sebi, in its October 2017 report on corporate governance, said listed firms should have a different person heading the management and another in place as chairman of the board
Company's revenue to touch Rs 77,000 cr, to surpass the US
85 experiments are under way to aid HUL's transformation into a future-ready company
Sanjiv Mehta's total remuneration was Rs 18.88 crore in FY19, down 2.52 per cent from a year earlier
Mehta has been instrumental in unlocking strong performance in South Asia, delivering exceptional top and bottom line growth
The board meeting also saw Mehta, 57, being re-appointed as MD & CEO for a period of five years after the completion of his term in October
Interview with MD & CEO, HUL
Interview with CEO & MD, Hindustan Unilever