MAM
Management shuffle at HUL
MUMBAI: Hindustan Unilever Limited (HUL) has announced key changes in the management committee of the company. Subject to Unilever Indonesia’s external board approval, Hemant Bakshi, currently executive director – home and personal care, will be appointed as executive vice president (EVP) of Unilever Indonesia.
The home and personal care (HPC) business will now be organised into home care and personal care businesses in India. Samir Singh, currently global brand vice president Lifebuoy and vice president – personal care lead, south Asia cluster, Unilever, will be appointed as HUL executive director – personal care and Priya Nair, currently vice president – Laundry, HUL, will be appointed as executive director – home care. Both Nair and Singh will be part of the management committee of HUL and their appointments are effective 1 October 2014.
HUL CEO & managing director Sanjiv Mehta said, “I wish to take the opportunity to express my deep appreciation for the significant contribution that Hemant has made to the India business, both in his current role as executive director – HPC and his earlier role as executive director – CD. I would like to congratulate Hemant on his move to Unilever Indonesia and wish him all the best in his new assignment.”
Nair joined the company in the consumer insights team in 1995, where she brought with her a diverse and rich experience including customer development and marketing. In her earlier roles, she has worked across various brands such as Dove, Axe, Rexona, Closeup, Pepsodent. As VP home care she has been leading the entire detergents portfolio of HUL. More recently, she has led the launch of HUL’s path breaking rural mobile marketing initiative ‘Kan Khajura Tesan’ which received three Gold Lion awards at the 2014 Cannes Lions International Festival of Creativity.
Singh on the other hand joined Unilever in 1997 as a management trainee in India. He has worked across many brands including Fair & Lovely, Vaseline, Ponds and has also worked in Foods in Customer Development in India.
For the past four years Singh has been the global brand vice president for Lifebuoy and a member of the Global Category Leadership Team for skin cleansing. In this role, he has led global strategy, innovation and communication for Lifebuoy in more than 30 key countries across the world. He was also the personal care cluster lead for south Asia in 2014.
“We have reorganised the home and personal care business into two separate businesses to ensure focus on the growth drivers for each of these businesses. I am pleased to welcome Priya and Samir to their new roles. Both bring with them rich and diverse marketing and business experience in Unilever. Priya joined HUL in 1995 and has worked in roles across marketing, customer development and CMI. Samir joined HUL in 1997 and has worked in various roles in HUL and across the regional and global Unilever organisation,” he added.
Brands
Nestlé India posts 14.9 per cent sales growth, profit rises in FY26
FMCG major sweetens returns with dividend as strong domestic demand leads
NEW DELHI: Nestlé India has reported a strong financial performance for the year ended 31 March 2026, with sales and profits rising steadily on the back of robust domestic demand.
The company posted total income of Rs 231,949.5 million for FY26, up from Rs 202,645.5 million in the previous year, marking a growth of 14.9 per cent. Domestic sales remained the key driver, increasing 14.6 per cent to Rs 221,187.0 million, while exports contributed Rs 9,527.6 million to the overall tally.
The final quarter of the financial year added extra momentum, with total sales rising 23.4 per cent compared to the same period last year. This helped lift the company’s annual profit to Rs 35,446.0 million, up from Rs 33,145.0 million in FY25.
Shareholders are set to benefit as the board has recommended a final dividend of Rs 5.00 per equity share. This comes on top of the interim dividend of Rs 7.00 per share paid in February 2026. The record date for the final dividend has been fixed as 10 July 2026, subject to shareholder approval at the 67th Annual General Meeting scheduled for 3 July 2026. If approved, the payout will begin from 30 July 2026.
During the year, the company’s paid-up equity share capital doubled to Rs 1,928.3 million following a 1:1 bonus share issue, strengthening its capital base. The results were also supported by a Rs 1,207.8 million credit from exceptional items, including a Rs 2,023.2 million writeback from resolved income tax litigation, partially offset by restructuring costs and expenses related to new labour codes.
On the cost front, material costs rose to 44.8 per cent of sales for the full year, compared to 43.6 per cent in the previous year, reflecting ongoing input cost pressures. Despite this, the company maintained solid profitability, with EBITDA coming in at Rs 53,060.6 million.
Overall, Nestlé India’s performance underscores its ability to balance growth and margins in a challenging environment. With steady demand, disciplined cost management and consistent shareholder returns, the company appears well placed to carry its momentum into the next financial year.
