As a market leader, the company will continue to see a spate of new competition going forward. Unless the demand outlook improves or the company finds new growth engines, cost-cutting measures alone will not be of much help.
Hindustan Lever on Tuesday reported a consolidated net profit of Rs 1,890.53 crore (Rs 18.90 billion) for the year ended December 31, 2006 as against Rs 1,355.92 crore (Rs 13.55 billion) in FY05.
Unilever president (Asia & Africa) Harish Manwani is to succeed M S Banga as the non-executive chairman of Hindustan Lever Ltd.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
In a bid to boost sales, Hindustan Lever Ltd and PepsiCo have formed an alliance to sell and distribute Lipton ready-to-drink tea and tea-based beverages in India.
Pepsi and Hindustan Lever Limited joined hands in India to launch ice tea, a segment that's expected to grow into five to ten per cent of the Rs 6,000 crore (Rs 60 billion) carbonated soft drinks market.
Lakme Lever, a division of Hindustan Lever Ltd, will open 150 beauty salons next year to consolidate its position in the Rs 1,000 crore (Rs 10 billion) salon market.
The market seemed to be shrugging off broad war concerns today at least, as players reckoned that corporate results for Q4 ended 31 March 2003 will turn out an improvement over previous quarters at least.
Citing the continuing 'cyclical turnaround' in the economy and the 'positives' in Union Budget for 2003-04, mutual fund Franklin Templeton has said the FMCG segment was in for better times.
Three options have been shortlisted for the new name: Hindustan Unilever Limited (HUL), Unilever Hindustan Ltd and finally, Unilever India. So far, the first option -- HUL -- seems the most likely.
In line with its strategy to focus on core businesses and to rationalise existing brand portfolios, FMCG major Hindustan Lever Ltd has decided to exit from oils and fats business in India and Nepal.\n\n
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