Latest news with #HindustanUnilever
Yahoo
20 hours ago
- Business
- Yahoo
Factbox-Recent leadership changes at global consumer goods companies
(Reuters) -Procter & Gamble said on Monday CEO Jon Moeller is stepping away from the top job after four years in the role, and that he would be succeeded by Chief Operating Officer Shailesh Jejurikar. The reshuffle in the top position comes amid a string of similar announcements from consumer-facing companies globally. In the United States, companies are removing their CEOs at the fastest pace in two decades, with data showing that at least 41 CEOs have exited S&P 500 companies so far this year, compared with 49 for all of 2024. Here are some examples of major CEO changes in the past year: Company Details Nestle Nestle in August 2024 ousted CEO Mark Schneider and appointed company veteran Laurent Freixe to the role. Unilever The company ousted chief executive Hein Schumacher in February, replacing him with finance chief Fernando Fernandez. Kohls Kohl's fired CEO Ashley Buchanan in May after an investigation found he had pushed for deals with a vendor with whom he had a personal relationship, after little more than 100 days in the position. Stanley Black & Decker The power tools maker, in June, appointed operations chief Christopher Nelson as its next CEO and President, effective October 1, succeeding Donald Allan Jr., who is set to retire. Hershey Hershey, in July, named burger chain Wendy's chief Kirk Tanner as its CEO, effective August 18, replacing Michele Buck, who is set to retire. Hindustan Unilever Hindustan Unilever, in July, named Priya Nair as managing director and CEO, replacing Rohit Jawa well before the completion of his five-year term as the company's chief. Kenvue The Band-Aid and Tylenol maker fired its CEO Thibaut Mongon in July, laying what some investors expect will be the groundwork for an eventual sale of the entire company or pieces of it, and named director Kirk Perry as interim CEO. Diageo The Johnnie Walker whisky and Guinness beer maker's CEO, Debra Crew, stepped down after two years in the job in July, with finance chief Nik Jhangiani taking over in the interim. Procter & Gamble Procter & Gamble CEO said in July that CEO Jon Moeller is stepping away from the role; to be succeeded by Chief Operating Officer Shailesh Jejurikar. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
2 days ago
- Business
- Economic Times
Falling ad spends, fewer subscribers spell trouble for TV
Mumbai: India's television broadcasting sector is facing a period of turbulence, with both advertising and subscription revenues coming under pressure.A slowdown in advertising spends by fast-moving consumer goods (FMCG) companies, long considered the backbone of TV advertising, has weighed heavily on broadcasters already contending with structural shifts in audience behaviour and distribution. Advertising and promotion expenses falling to ₹6,199 crore in FY25 from ₹6,489 crore in FY24 for Hindustan Unilever, the country's largest FMCG advertiser. Britannia's dropped to ₹560 crore from ₹694 crore. ITC's consolidated advertising and promotion expenses declined to ₹1,331 crore in FY25 from ₹1,385 crore in the previous to a FICCI-EY report, FMCG accounted for 63% of total TV ad volumes in 2024. However, this was 8% lower in absolute terms compared to 2023, against an overall market decline of 6%.Adding to the challenge, subscription revenue growth has been tepid, partly due to a decline in the pay-TV base following the Indian Premier League (IPL) season. According to industry sources, the pay-TV industry has seen a decline of 1.5 million homes after the tournament ended in June. Incidentally, the industry had added 1.5 million pay-TV subscribers on the back of IPL and the ICC Champions Trophy."Yes, we have seen softening in the FMCG sector. The last two quarters have seen the FMCG sectors being slightly soft and we have seen taken a hit on our revenues on entertainment. I think things seem to be pulling back and we are hopeful with the season coming up, we shall be able to have stronger numbers, even on entertainment," said Kevin Vaz, CEO of Entertainment at JioStar, during the company's Q1 earnings call on July a joint venture between Reliance Industries and Disney, reported a net profit of ₹581 crore for the June quarter. Its EBITDA stood at ₹1,017 crore, while operating revenue reached ₹9,601 crore, largely buoyed by the successful IPL 2025 season. The company had a 35.5% share in the entertainment TV category."We've had a superlative performance both on our subscriptions across TV and digital, and IPL posted its highest revenues with a solid year-on-year growth," Vaz added. Meanwhile, Zee Entertainment, which held a 16.8% share of overall TV viewership during the quarter, saw a mixed performance. The company posted a 14% year-on-year rise in net profit to ₹144 crore for the quarter ended June 2025. However, its operating revenue dropped 14% to ₹1,825 crore on a sluggish advertising market and a reduction in pay-TV subscriptions."During Q1 FY26, the linear advertisement spending environment remained soft due to the extended sports calendar and slowdown in spending by FMCG companies," said Mukund Galgali, deputy CEO and CFO of Zee Entertainment, during the Q1 earnings call on July 22."On the subscription side, the overall revenues remained flat. We saw growth in digital revenue which was partially offset by a slowdown in linear TV subscription revenue due to a decline in pay TV subscribers. We are hopeful that with a conducive pricing policy framework being in place, there will be an opportunity to drive gradual growth in subscription revenues in line with inflation," he these headwinds, Zee remains optimistic and has guided for an 8% growth in advertising revenue in the coming quarters, citing a favourable monsoon and the upcoming festive season as tailwinds."FMCG ad volumes are largely holding steady on the Linear TV platform but growing strongly on digital platforms. With no major growth in ad budgets, the long tail TV channel revenues are seeing a decline, which is getting pushed into digital streaming advertising," said TAM Media CEO LV Krishnan."Additionally, FMCG brands are increasingly asking Linear TV partners for insights into how their brand's TV ads are performing in terms of driving sales. It's no longer just about brand building - delivering performance marketing is becoming equally important."The underlying challenge remains a cautious stance from FMCG companies, whose ad spend is yet to show strong recovery due to tepid consumer demand, competition from digital brands, and margin pressures. According to Telecom Regulatory Authority of India (TRAI) data, India's active DTH pay user base has fallen to 56.92 million in 2025 from 70.26 million in 2020. The subscriber base has dropped from 69.57 million in 2021 to 66.92 million in 2022, 65.25 million in 2023, and 61.97 million in 2024.
Hans India
3 days ago
- Business
- Hans India
Bajaj Finance's market valuation drops by Rs 17,524 crore this week
Mumbai: Bajaj Finance's market valuation declined by Rs 17,524.3 crore this week, bringing its total market cap down to Rs 5.67 lakh crore. The sharp fall came amid a broader weakness in equities, which saw six of India's top-10 most valued companies suffer a combined erosion of Rs 2.22 lakh crore. The market slump occurred during a week when the benchmark Sensex slipped by 294.64 points or 0.36 per cent -- marking the fourth straight week of decline for domestic equities. Other major companies that recorded losses in market valuation included Reliance Industries, Infosys, Tata Consultancy Services (TCS), Hindustan Unilever, and Life Insurance Corporation of India (LIC). Reliance Industries took the biggest hit, with its market value plunging by Rs 1.14 lakh crore to Rs 18.83 lakh crore. Infosys saw an erosion of Rs 29,474 crore, while LIC's valuation dipped by Rs 23,086 crore. TCS and Hindustan Unilever also posted significant declines of over Rs 20,000 crore and Rs 17,339 crore, respectively. Ajit Mishra, Senior Vice President of Research at Religare Broking, said that the markets remained under pressure due to mixed signals. "Initially, earnings from the banking sector lifted sentiment, especially with strong results from HDFC Bank and ICICI Bank. But the decline in heavyweight stocks like Reliance capped any meaningful recovery," he explained. He added that foreign fund outflows and uncertainty over global trade deals ahead of the August 1 deadline contributed to high volatility in the markets. On the positive side, HDFC Bank led the gainers with an increase of Rs 37,161 crore in its market value, taking its valuation to Rs 15.38 lakh crore. ICICI Bank, Bharti Airtel, and State Bank of India also registered gains in their market caps. The most valued Indian companies included HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance, Hindustan Unilever, and LIC.
Business Upturn
23-07-2025
- Business
- Business Upturn
Nifty top losers today, July 23: Tata Consumer Products, Hindustan Unilever, Infosys, Grasim Industries and more
By Aman Shukla Published on July 23, 2025, 15:50 IST Indian stock markets wrapped up July 23 on a strong note, with both the Sensex and Nifty closing in the green. The Sensex surged 539.83 points or 0.66% to settle at 82,726.64, while the Nifty 50 ended the session 159 points higher at 25,219.90, up 0.63%. Despite the upbeat market mood, a few heavyweight stocks from the Nifty 50 pack came under pressure and ended in the red. Among the biggest losers of the day were Tata Consumer Products, Hindustan Unilever and Infosys. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on July 23 Tata Consumer Products fell 1.9% , closing at ₹1,064 Hindustan Unilever declined 0.9% , ending at ₹2,456.8 Infosys slipped 0.8% , closing at ₹1,558.9 Grasim Industries was down 0.7% , settling at ₹2,703.7 Bharat Electronics dropped 0.6% , finishing at ₹400.6 UltraTech Cement lost 0.6% , closing at ₹12,378 Tata Steel fell 0.3% , ending at ₹162.5 ONGC declined 0.3% , closing at ₹245.8 ITC dipped 0.2% , settling at ₹415 Tech Mahindra edged down 0.2%, ending at ₹1,544.3 Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
18-07-2025
- Business
- Yahoo
Priya Nair Returns to India as CEO, Managing Director of Hindustan Unilever Limited
— Priya Nair, president of Unilever's beauty and well-being division, has been named chief executive officer and managing director of Hindustan Unilever Ltd., effective Aug. 1. She will also join the HUL board, and continue to be a member of the Unilever Leadership Executive. Her successor at the beauty and well-being division will be revealed in due course, the company said. More from WWD Topshop to Stage Fashion Show in London After Seven-year Hiatus Phoebe Philo Is Ready to Open Her First Store on Carlos Place in London's Mayfair Richemont's Jewelry Sales Soar in Q1 Due to Demand in Europe, Americas and the Middle East The new appointment is a homecoming for Nair, who joined HUL in 1995 and held several sales and marketing roles across home care, beauty and well-being, and personal care. During her career, she served as executive director of the home care, beauty and personal care divisions at HUL. She has served as president of beauty and well-being, one of Unilever's fastest-growing businesses, since 2023. In her new role, she will succeed Rohit Jawa, who will step down as CEO and managing director on July 31. Nitin Paranjpe, chairman of HUL, said Nair 'has had an outstanding career in HUL and Unilever. I am certain that with her deep understanding of the Indian market and excellent track record, Priya will take HUL to the next level of performance.' In May, Nair told the 2025 WWD Beauty CEO Summit that beauty and well-being are deeply interconnected. 'Enhancing one enhances the other and compromising one compromises both. People no longer see the pursuit of beauty and well-being as independent of each other. In fact, nearly nine in 10 people say they don't feel beautiful unless they also feel good on the inside. They're now seeking solutions that support physical appearance, mental well-being and positively contribute to overall health,' she said. Nair added that Unilever products try to address consumers' desire for beauty and well-being. 'This can be seen across our portfolio, with brands such as Nutrafol and Liquid I.V., where this connection is integral to their core proposition, as well as in new innovations from brands like Dove and Clear.' Best of WWD EXCLUSIVE: Maje Names Charlotte Tasset Ferrec CEO Nadja Swarovski Exits Family Company Amid Ongoing Corporate Shakeup Aeffe MD Exits Fashion Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
