Latest news with #RohitJawa
Time of India
2 days ago
- Business
- Time of India
HUL MD's salary up 3.7% to Rs 23 cr in FY25; number of permanent employees falls 8.4%
New Delhi: HUL Managing Director Rohit Jawa's total remuneration in FY25 has witnessed an increase of 3.75 per cent to Rs 23.23 crore, according to the latest annual report of the FMCG major. Jawa's salary was at Rs 3.65 crore along with allowances of 11.45 crore, a bonus of Rs 3.78 crore and a perquisite - long-term incentives of Rs 2.76 crore. The annual report said that Jawa's remuneration was 146.47 times more than the median remuneration of employees. In FY24, Jawa's remuneration was 153.03 time more than median remuneration of employees. Interestingly, the annual report also highlighted a fall of 8.46 per cent in the total number of permanent employees. According to the report, HUL has 6,604 permanent employees on the rolls of the company as on March 31, 2025. However, a year before HUL had 7,215 permanent employees on the rolls of the company as on March 31, 2024. The percentage increase in the median remuneration of employees for the financial year 2024-25 was 8.39 per cent. "Average increase made in the salaries of employees other than the managerial personnel in the financial year was 4.62 per cent and does not include increase on account of promotions. Increase every year is an outcome of Company's market competitiveness as against its peer group companies as well as financial performance," the report said. Jawa, while addressing the shareholders of the company, said in FY'25 HUL witnessed moderation in urban demand and gradual recovery of rural consumption. "Against this backdrop, we remained focussed on driving volume growth and strengthening competitiveness for the business," he said. While HUL chairman Nitin Paranjpe said the business witnessed a challenging operating environment with uneven weather patterns, volatile commodity prices and muted consumer demand. He further said India is "well-poised to deliver strong and consistent growth with rising affluence, a burgeoning middle class, a vibrant young working population empowered by a strong public digital backbone and growth-oriented policies". "Economic development, technological advancements and a better quality of life have fuelled the aspirations of our consumers. These new dynamics present a significant opportunity for the FMCG sector," he said. The company is witnessing a rapid evolution of the Indian consumer with increased digital penetration and access to information. "We are building a robust portfolio for future growth, by sharpening our 'where to play' choices. In line with this, we announced the acquisition of premium science-backed beauty brand, Minimalist. This acquisition is in line with our vision to become the beauty shapers of India," Paranjpe said. In FY'25, HUL divested its water business, Pureit, and announced the decision to demerge its ice cream business, which consists of brands - Kwality Wall's, Cornetto and Magnum. HUL, which owns popular brands such as Rin, Lux, Surf Excel, Pond's, Dove, Horlicks, Bru, Lipton, etc had a turnover of Rs 60,680 crore and its profit after tax was at Rs 10,644 crore.>
Mint
3 days ago
- Business
- Mint
Multi-channel push: From quick commerce to premium beauty, HUL adapts to evolving consumer habits
Hindustan Unilever Ltd (HUL) is expanding its sales channels, including health and wellness stores, premium beauty outlets, and quick commerce, to adapt to evolving consumer shopping habits, said Rohit Jawa, chief executive and managing director of India's largest packaged consumer goods firm, in its 2024-25 annual report. "We now have a dedicated premium retail organisation focused on distributing and creating demand for our premium beauty products through the beauty and pharma channels. New channels have necessitated superior point-of-sale availability. We are leveraging advanced technology expertise to strengthen our presence in modern trade, e-commerce, and the fast-growing quick commerce,' he added. In October 2024, HUL's beauty and well-being portfolio, which includes brands such as Lakme and Dove, went live in 75,000 outlets with the beauty premium retail organisation (PRO). PRO is an exclusive route to market for offline beauty, with 75% coverage focused on health and beauty stores. Meanwhile, HUL's foods category is witnessing a significant expansion in channels such as modern trade stores and e-commerce, including quick commerce, the company said. It has rolled out several exclusive products for such channels. "We had several modern trade and e-commerce exclusive launches in the year, led by Pukka herbal infusions, Bru cold coffee and Korean meal pots. With our premium ice cream portfolio of Magnum, Cornetto and Slow Churn, we continued to strengthen our play in channels of the future, building on the trend of in-home ice cream consumption,' it added. E-commerce currently contributes 7-8% to HUL's business, a share that is growing faster than the company's overall average. This contribution could potentially reach 15% in the next few years, according to the company's management during their post-earnings call for the March quarter. Quick commerce accounts for approximately 2% of the business. HUL's assortment on quick commerce has doubled in 2024-25 compared to a year ago. HUL said e-commerce has evolved into various models. It has set up teams for each model, focusing on future-ready, need-based portfolios. HUL's wide portfolio of over 50 brands reaches over 9 million outlets in India, making it among the most well-distributed packaged consumer goods companies in the country. It has invested ahead of the curve in organised trade, leading to higher market shares and strong leadership positions across categories. The growing demand in modern trade will help drive sales. "We are also investing in e-commerce capabilities to build a strong digital moat…Under the WiMI 2.0 mandate, HUL is also building specialised new routes to market (RTMs) for emerging segments, such as health and wellness, premium beauty, and gourmet food. These channels will help HUL reach more than 70% of the premium beauty and foods markets, while also driving assortment growth,' it added. The company uses the WiMI (winning in many Indias) strategy to understand and reach diverse consumer groups across the country. Apart from premiumization and more consumers trading up to better brands, HUL has also outlined rapid digitisation as a core area of future growth. This includes digitizing Kirana store partners via apps, bolstering e-commerce offers, and spending more on digital marketing channels. The company still draws a majority of its business from kirana stores or traditional sales channels. Kirana stores are vital to any large packaged consumer goods company's distribution and reach in India, making up to 70-80% of their sales. 'Over the last year, we have focused on strengthening this channel with a 'kirana-centric, distributor-inclusive' model. Our strategy involves building stronger relationships with our distributor partners and kirana stores, partnering with them in their journey of digitisation, empowering them with future-fit capabilities to ensure we position them to succeed in the rapidly evolving distribution landscape,' it said. HUL is also 'actively' collaborating with the Government of India's initiative, Open Network for Digital Commerce (ONDC). 'With the help of an integrated module in Shikhar, neighbourhood kiranas can go live on ONDC seamlessly and sell their entire range of products online,' it said.
Time of India
3 days ago
- Business
- Time of India
HUL MD Rohit Jawa's salary rises to 23.23 crore in FY25; permanent workforce down 8.4%
Hindustan Unilever Ltd (HUL) Managing Director Rohit Jawa's total remuneration rose by 3.75 per cent in FY25 to 23.23 crore, according to the company's latest annual report. Jawa's annual pay package included a salary of 3.65 crore, allowances of 11.45 crore, a bonus of 3.78 crore, and long-term incentive perquisites amounting to 2.76 crore, PTI reported. The report stated that Jawa's remuneration was 146.47 times more than the median remuneration of employees. In FY24, the ratio was higher at 153.03 times. Meanwhile, the number of permanent employees at the FMCG major fell by 8.46 per cent. HUL had 6,604 permanent employees on its rolls as of March 31, 2025, compared to 7,215 the previous year. The median remuneration of employees increased by 8.39 per cent in FY25. 'Average increase made in the salaries of employees other than the managerial personnel in the financial year was 4.62 per cent and does not include increase on account of promotions. Increase every year is an outcome of the company's market competitiveness as against its peer group companies as well as financial performance,' the annual report noted. Addressing shareholders, Jawa said FY25 saw a moderation in urban demand and a gradual recovery in rural consumption. 'Against this backdrop, we remained focussed on driving volume growth and strengthening competitiveness for the business,' he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo HUL Chairman Nitin Paranjpe said the company navigated a challenging operating environment, marked by uneven weather patterns, volatile commodity prices, and muted consumer demand. He added that India is 'well-poised to deliver strong and consistent growth with rising affluence, a burgeoning middle class, a vibrant young working population empowered by a strong public digital backbone and growth-oriented policies.' 'Economic development, technological advancements and a better quality of life have fuelled the aspirations of our consumers. These new dynamics present a significant opportunity for the FMCG sector,' he said. Paranjpe said HUL is witnessing a rapid evolution of the Indian consumer due to greater digital access and information. 'We are building a robust portfolio for future growth, by sharpening our 'where to play' choices. In line with this, we announced the acquisition of premium science-backed beauty brand, Minimalist. This acquisition is in line with our vision to become the beauty shapers of India,' he said. In FY25, HUL also divested its water business, Pureit, and announced the decision to demerge its ice cream division, which includes brands such as Kwality Wall's, Cornetto and Magnum. The company, which owns brands like Lux, Rin, Surf Excel, Pond's, Dove, Horlicks, Bru, and Lipton, reported a turnover of 60,680 crore and a profit after tax of 10,644 crore in FY25. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
3 days ago
- Business
- Business Standard
HUL MD Rohit Jawa's total remuneration rises 3.7% to Rs 23 cr in FY25
HUL Managing Director Rohit Jawa's total remuneration in FY25 has witnessed an increase of 3.75 per cent to Rs 23.23 crore, according to the latest annual report of the FMCG salary was at Rs 3.65 crore along with allowances of 11.45 crore, a bonus of Rs 3.78 crore and a perquisite long-term incentives of Rs 2.76 annual report said that Jawa's remuneration was 146.47 times more than the median remuneration of FY24, Jawa's remuneration was 153.03 time more than median remuneration of employees. ALSO READ: HUL, Kaveri Seeds among 5 stock picks this monsoon; check upside potentialInterestingly, the annual report also highlighted a fall of 8.46 per cent in the total number of permanent to the report, HUL has 6,604 permanent employees on the rolls of the company as on March 31, 2025. However, a year before HUL had 7,215 permanent employees on the rolls of the company as on March 31, percentage increase in the median remuneration of employees for the financial year 2024-25 was 8.39 per cent."Average increase made in the salaries of employees other than the managerial personnel in the financial year was 4.62 per cent and does not include increase on account of promotions. Increase every year is an outcome of Company's market competitiveness as against its peer group companies as well as financial performance," the report while addressing the shareholders of the company, said in FY'25 HUL witnessed moderation in urban demand and gradual recovery of rural consumption."Against this backdrop, we remained focussed on driving volume growth and strengthening competitiveness for the business," he HUL chairman Nitin Paranjpe said the business witnessed a challenging operating environment with uneven weather patterns, volatile commodity prices and muted consumer demand. ALSO READ: Emami, HUL, ITC: Is early monsoon good news for FMCG stocks? Analysts weighHe further said India is "well-poised to deliver strong and consistent growth with rising affluence, a burgeoning middle class, a vibrant young working population empowered by a strong public digital backbone and growth-oriented policies"."Economic development, technological advancements and a better quality of life have fuelled the aspirations of our consumers. These new dynamics present a significant opportunity for the FMCG sector," he company is witnessing a rapid evolution of the Indian consumer with increased digital penetration and access to information."We are building a robust portfolio for future growth, by sharpening our where to play' choices. In line with this, we announced the acquisition of premium science-backed beauty brand, Minimalist. This acquisition is in line with our vision to become the beauty shapers of India," Paranjpe FY'25, HUL divested its water business, Pureit, and announced the decision to demerge its ice cream business, which consists of brands - Kwality Wall's, Cornetto and which owns popular brands such as Rin, Lux, Surf Excel, Pond's, Dove, Horlicks, Bru, Lipton, etc had a turnover of Rs 60,680 crore and its profit after tax was at Rs 10,644 crore.
Mint
20-05-2025
- Business
- Mint
Why a bountiful monsoon matters more this year, in five charts
In the past few days, heavy rainfall has set in over parts of the Bay of Bengal and the Andaman Sea, with the advent of Cyclone Shakti. The India Meteorological Department (IMD) has said this presages the setting in of the southwest monsoon over the Indian subcontinent. It expects rainfall to be 'above normal', at around 105% of the long-run average (in 2024, it was 108%). This has raised hopes on many fronts—from rural demand to corporate performance to rural wages. Predictions of a good monsoon are always welcomed with a sigh of relief among analysts, policymakers, and businesses. Good monsoons boost agricultural production, leading to a higher increase in agricultural incomes—and, by extension, rural demand. This year, a good monsoon matters even more. Also Read: In charts: How has IMD's monsoon outlook fared against reality? In the last few quarters, demand from urban consumers has weakened, even as rural demand has picked up, according to Nielsen IQs FMCG market survey. Overall volume growth rose 5.1% in the quarter ended March 2025, as compared to March 2024. However, there was a sharp difference between rural and urban areas, with volume growth rising by 8.4% versus 2.6%, respectively. Interestingly, volume growth in rural areas has been strong despite major FMCG companies undertaking price hikes to protect margins. Apart from FMCG markets, strong rural demand is evident even in the market for cars and two-wheelers. Even as urban demand for two-wheelers has slowed, rural demand for vehicle classes such as tractors and three-wheelers has picked up (though rural two-wheelers have been weak in the last two quarters). Output boost A higher-than-average rainfall is strongly associated with high growth in agricultural GVA (gross value added). However, studies have shown that shortfalls or excesses in rainfall have varying effects. A recent study by the Reserve Bank of India (RBI) noted that while deficient rainfall has marginally negative impact on total cereals and paddy production, excessive rainfall emerges as a significant constraint, particularly for maize and could be harmful for all kinds of pulses. In that case, rainfall at 105% of LPA, only slightly above the normal range of 96-104%, may prove to be conducive for good agricultural output. Also Read: Southwest monsoon rolls into Andaman and Nicobar region, two days in advance However, above-average rainfall, beyond a point, has little effect. Of 10 such monsoon years since 1980-81, when rainfall was 7% or more than the long-run average, agricultural GDP growth ranged between 4% and 6% in seven instances. This is not much different from the median agricultural GDP growth of around 4% for all years since 1980-81. Positive prognosis A strong monsoon benefits companies across sectors that are heavily reliant on rural demand. Two such companies are FMCG major Hindustan Unilever and two-wheeler company Hero MotoCorp. In a recent analyst call, Hindustan Unilever chief executive Rohit Jawa said, 'The strong robust monsoon, including projected monsoon, the agriculture output, the resilient growth in rural where we have a higher market share as it happens, are all giving us a sense of a prognosis of a stronger market demand in the next few quarters to come." Also Read: Mint Primer | A good monsoon will be great for India. Here's why The Nifty FMCG Index, which comprises companies that are more dependent on rural demand, gave negative returns in 2024-25. But it has risen 11% since the end of February. This is in line with the broader Nifty 50 index, reflecting investor caution about the extent of the rural bounce-back expected. But reports are already predicting stronger growth for FMCG in the months ahead, assuming a further bounce in rural demand. Stagnant wages A big problem for rural India has been stagnant rural wages for almost the entire last decade. Annual growth in rural wages for various occupations, net of inflation, has been less than 1% per year. In contrast, between 2006-07 and 2014-15, this was 6-7% per year. In a paper on real rural wages, Arindam Das and Yoshifumi Usami said, 'The period from 2014-15 to 2022-23 can be characterised as a period of general stagnation in rural wages. The initial slowdown in wage growth from 2014-15 to 2018-19 can be attributed to stagnation in agricultural productivity, successive droughts in 2014-15 and 2015-16, and other macroeconomic failures." Further, they added, 'In 2022-23, though employment in the construction sector increased significantly, real wages did not rise at all." This is concerning, as construction is a major employer of rural labour. A good monsoon could boost rural wages, at least in the short term. is a database and search engine for public data.
