HUL registered EBITDA of ₹3,466 crore in the March quarter, a 1% year-on-year increase. EBITDA margin for the quarter was 22.8%.
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As per the company, Kohli will take up the position on April 7, 2025, succeeding Shiva Krishnamurthy. He is leaving to pursue other opportunities.
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Nearly 80% of FMCG sales in India are controlled by kirana stores, which are supplied by distributors or wholesalers.
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The dispute stems from an issue surrounding tax deduction at source (TDS) for a ₹3,045-crore payment HUL made to acquire intellectual property rights related to its India HFD business from GlaxoSmithKline (GSK).
The decision follows Unilever’s global strategy to separate its ice cream business and subsequent evaluation by an independent committee of HUL director
This divestment finalizes the agreement signed on July 15 between HUL and A.O. Smith, aimed at boosting A.O. Smith’s product portfolio and distribution across India.
The largest consumer products business in India, Unilever, saw quarterly sales increase to ₹15,319 crore from ₹15,027 crore
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