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Hindustan Unilever's CEO Rohit Jawa emphasized the company's commitment to quality and brand strength amid rising inflation and weakened urban consumer spending. Speaking at the CNBC-TV18 Global Leadership Summit, he noted a shift in focus from rural to urban markets, urging the company to "keep calm and carry on" while developing the market for future growth.
Hindustan Unilever's Board is set to decide by December on the separation of its ice cream business, following recommendations from an Independent Committee. CEO Rohit Jawa indicated that the board is considering two main options: selling the business or demerging it into a separate entity. The committee will guide the board's decision on the preferred mode of separation.
Hindustan Unilever's CEO Rohit Jawa announced plans to separate the company's ice cream business, which includes brands like Kwality Walls, Cornetto, and Magnum. He noted that while the ice cream sector is high growth, it requires significant investment and operates on low margins, with limited synergies with the grocery business. This decision aligns with Unilever PLC's earlier announcement regarding the separation of its global ice cream operations.
Rohit Jawa
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15:38 14.11.2024
17:14 23.10.2024
16:57 23.10.2024
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