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Uneven rainfall affected rural demand, says HUL chairman Nitin Paranjpe

By Economic Times - 6 months ago
Hindustan Unilever (HUL) reported a strong performance in the last fiscal year despite challenges in the macroeconomic environment, including erratic rainfall affecting agricultural output and rural demand. Chairman Nitin Paranjpe noted a gradual deflation in commodity prices but highlighted sustained high inflation. HUL's managing director Rohit Jawa's remuneration increased by 4% to Rs 22.39 crore, with his salary being 153 times higher than the average employee's remuneration. HUL's permanent employee count increased to 7215 from 6697 the previous year, with a 7.38% rise in median employee remuneration.

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