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Hindustan Unilever is assessing strategies for its ice cream business following Unilever's plan to globally separate the vertical, which could result in the loss of 7,500 jobs. 

HUL explores its options after parent Unilever decides to separate ice-cream business

Hindustan Unilever is assessing strategies for its ice cream business following Unilever's plan to globally separate the vertical, which could result in the loss of 7,500 jobs.&nbsp;

Hindustan Unilever on Tuesday said it is evaluating various options for the future of the ice cream business, following its parent Unilever&rsquo;s announcement of a strategic intent to separate the vertical globally.
London-based Unilever announced that it intends to transform itself into a simpler, more focused and higher-performing company by separating the ice cream business, a move expected to result in a loss of 7,500 jobs.
When asked about the possible impact of the move on the Indian business, the Indian subsidiary (HUL) of Unilever said it is evaluating various options.
"As far as the Indian ice cream business is concerned, we are evaluating the various options in light of this announcement. We will discuss this with the HUL Board and Unilever management in the coming months. Once the approach is finalised, we will communicate further," said a HUL spokesperson in response to a query over the impact of Unilever&rsquo;s decision on the Indian business.
Ice creams contributed 3 per cent or Rs 59,144 crore to HUL revenue in FY23.
"We have a very robust cost savings programme in HUL called Symphony, that we have been driving for many years now. Through an end-to-end focus across all lines of the P&amp;L (profit and loss), we have been generating gross savings...every year. This provides us with crucial fuel for growth, allowing us to invest competitively behind our brands and future capabilities.
"We will closely assess the global initiatives of Unilever under the productivity programme and assimilate best practices to take Symphony to its next phase," the spokesperson said.
The ice cream business has an inherently different business model, including a cold-chain go-to-market operating model, seasonality, and a different innovation rhythm compared to the rest of Unilever's business, the HUL spokesperson added.
HUL operates in the Indian ice cream market with three brands Magnum, Kwality Walls and Cornetto.
HUL&rsquo;s ice cream business comes under the Food &amp; Refreshment segment, which represents 25 per cent of its revenue.
In its latest annual report, Unilever said: "Our ice cream business had a stellar year with strong performance led by innovations and brilliant execution".
Its ice cream business has helped HUL&rsquo;s Foods and Refreshment vertical record strong performance in FY23, along with Foods and Coffee.
For expansion of the ice cream category, HUL was trying to "de-seasonalise" by expanding consumption occasions through innovative campaigns and launching exclusive products, centred around Indian festivals.
Its Kwality Wall&rsquo;s mobile vending initiative, 'I am Wall&rsquo;s' had provided entrepreneurship opportunities to nearly 12,600 people and 250 differently-abled persons across India

HUL's Surf Excel becomes the first Indian home and personal care brand to cross one billion dollars in annual sales in 2022 

Surf Excel becomes the first Indian home care brand to top $1 bn annual sales

This brand becomes first Indian home care firm to top $1 bn annual sales

HUL's Surf Excel becomes the first Indian home and personal care brand to cross one billion dollars in annual sales in 2022&nbsp;

Hindustan Unilever's detergent brand, Surf Excel, has become the first Indian home and personal care brand to cross one billion dollars in annual sales in 2022.
According to a report in the Economic Times, this was made possible due to the "premiumisation" of the segment using liquid detergents and fabric conditioners.
With a total sales of Rs 8,200 crore, it also became HUL's first brand to reach the milestone.
HUL's second largest brand is Brooke Bond with annual sales of Rs 5,000 crore.&nbsp; According to the further report, marketing and innovation had a big role to play in helping Surf Excel reach the milestone.&nbsp;

The rising inflation is burning a deeper hole in the pockets of Indian consumers. EJ Biz lists out all the things that could make your pockets heavier.
Amul hikes milk pricesThe Gujarat Cooperative Milk Marketing Federation (GCMMF) has increased the price of milk by Rs 2 per litre in all markets across India. The new prices will be effective from March 1st.
This is the second time this fiscal that the price of milk is being hiked. Detergent and body wash prices India's largest packaged consumer goods company Hindustan Unilever Ltd. has taken further price hikes in February across stock keeping units of brands such as Surf Excel Matic, Comfort fabric conditioner, Dove body wash, apart from Lifebuoy, Lux and Pears soaps.
Commercial LPG Price HikeComing back again to the kitchen, the prices of 19 kg commercial LPG cylinders have been increased by Rs 105 in Delhi from March 1. With this increase, 19 kg commercial cylinder will cost Rs 2,012 in Delhi from Tuesday.
The price of 5 kg cylinder also increased by Rs 27. Now 5 kg cylinder will cost Rs 569 in Delhi. 
No increase in domestic LPG cylinder.
 

Amul hikes milk prices, LPG Cylinder Price hiked

Get ready to shell out even more for some of your go-to items, from milk to LPG cylinder, here's a list

Price hike pains begin, and petrol has not even started

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The prices of 19 kg commercial LPG cylinders have been increased by&nbsp;₹105 in Delhi from March 1.
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The rising inflation is burning a deeper hole in the pockets of Indian consumers. EJ Biz lists out all the things that could make your pockets heavier.
Also read &amp; watch|&nbsp;<a title="BharatPe says Ashneer Grover resigned in minutes after getting board agenda" href="https://www.editorji.com/business-news/bharatpe-says-ashneer-grover-resigned-in-minutes-after-getting-board-agenda-1646118513728">BharatPe says Ashneer Grover resigned in minutes after getting board agenda</a>
Amul hikes milk prices The Gujarat Cooperative Milk Marketing Federation (GCMMF) has increased the price of milk by Rs 2 per litre in all markets across India. The new prices will be effective from March 1st.
This is the second time this fiscal that the price of milk is being hiked.&nbsp; Detergent and body wash prices&nbsp; India's largest packaged consumer goods company Hindustan Unilever Ltd. has taken further price hikes in February across stock keeping units of brands such as Surf Excel Matic, Comfort fabric conditioner, Dove body wash, apart from Lifebuoy, Lux and Pears soaps.
Commercial&nbsp;LPG Price Hike Coming back again to the kitchen, the prices of 19 kg commercial LPG cylinders have been increased by Rs 105 in Delhi from March 1. With this increase, 19 kg commercial cylinder will cost Rs 2,012 in Delhi from Tuesday.
The price of 5 kg cylinder also increased by Rs 27. Now 5 kg cylinder will cost Rs 569 in Delhi.&nbsp;
No increase in domestic LPG cylinder Petrol Pain yet to come The big hit is yet to come from from the fuel pump, with crude now up over $20 in 5 months and no revision in fuel prices brace yourself for big hikes come March 7 as polling comes to an end.&nbsp;
&nbsp;

From moving globally to still be Bollywood dance lover, the new Chanel boss- Leena Nair shares her journey. 
Next month-end, Leena Nair will take over as the global CEO of Chanel, joining the ranks of Indian-origin corporate bosses who call the shots at Global Inc.
Nair, 52, was the first woman and the youngest Chief Human Resources Officer of Unilever - a position she resigned from to join the iconic French luxury group.
Nair says ''moving globally has taught her a whole new skill set, and she has learnt to be a global citizen in every sense of the word''. The pandemic, she says, has helped her understand the truly global nature of her job. 

Watch: From global citizen to a Bollywood lover; Leena Nair, Chanel's new boss shares her journey

From moving globally to still be Bollywood dance lover Leena Nair shared her journey of success with Fortune India as one of the MPWs (Most Powerful Women).

Watch: Leena Nair share her learnings and lessons

Chanel's&nbsp;boss lady&nbsp;believes moving globally has taught her a whole new skill set, and she has learnt to be a global citizen in every sense of the word.

From moving globally to still be Bollywood&nbsp;dance lover&nbsp;Leena Nair&nbsp;shares her journey of success with Fortune India as one of the MPWs&nbsp;(Most Powerful&nbsp;Women).
Also watch | <a title="Meet Leena Nair; Global CEO of luxury brand Chanel&nbsp;" href="https://www.editorji.com/business-news/meet-leena-nair-global-ceo-of-luxury-brand-chanel-1639535491657">Meet Leena Nair; Global CEO of luxury brand Chanel&nbsp;</a>
 The first female, first Asian, and the youngest-ever CHRO of Unilever (soon to take over Chanel&nbsp;as CEO)&nbsp;Leena started her career as a management trainee at Hindustan Lever in 1992, says her big realisation during the pandemic was that while people were facing the same storm, they were not all in the same boat. "We couldn't take a one-size-fits-all approach," she says
Nair says ''moving globally has taught her a whole new skill set, and she has learnt to be a global citizen in every sense of the word''. The pandemic, she says, has helped her understand the truly global nature of her job.&nbsp;

Godrej Consumer is seeing a massive re-rating as the stocks jumped 20% in trade with volumes that are 50 times the 20 day average.&nbsp;So what is exciting investors about Godrej&nbsp;Consumers? Brokerages such as CLSA&nbsp;have given a thumbs up to a change of management at the company. Godrej&nbsp;announced that&nbsp;Sudhir Sitapati&nbsp;from HUL&nbsp;will join the company as managing director and chief executive officer.&nbsp;Sitapati comes to GCPL after a tenure of 22 years at&nbsp;Hindustan Unilever&nbsp;(HUL), where he led teams across categories and functions in India, Europe, South East Asia and Africa.Godrej&nbsp;stock touched it's highest level since September 2018 in Tuesday's trade.&nbsp;

Stock Alert! Godrej Consumer sees volumes 50 times above average

Godrej&nbsp;Consumer stock hits the highest level in over 2 years, management change boosts bets from brokerages.

Godrej Consumer is seeing a massive re-rating as the stocks jumped 20% in trade with volumes that are 50 times the 20 day average.&nbsp; So what is exciting investors about Godrej&nbsp;Consumers? Brokerages such as CLSA&nbsp;have given a thumbs up to a change of management at the company. Godrej&nbsp;announced that&nbsp;Sudhir Sitapati&nbsp;from HUL&nbsp;will join the company as managing director and chief executive officer.&nbsp;Sitapati comes to GCPL after a tenure of 22 years at&nbsp;Hindustan Unilever&nbsp;(HUL), where he led teams across categories and functions in India, Europe, South East Asia and Africa. Godrej&nbsp;stock touched it's highest level since September 2018 in Tuesday's trade.&nbsp;

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