HUL announces key appointment to its Management Committee
Posted On: 2021-01-27 07:38:04 (Time Zone: Arizona, USA)
Hindustan Unilever Limited (HUL) today announced the appointment of Ritesh Tiwari as Executive Director, Finance & Chief Financial Officer and a member of the Board, HUL with effect from May 1, 2021, subject to necessary government approvals. He will also take over as the Vice President Finance, South Asia, Unilever.
Ritesh Tiwari joined HUL as a management trainee in 1999 after completing his Chartered Accountancy from ICAI. Over the last 21 years, he has led a variety of teams, both within India and across Unilever in core finance and as a business partner to front-end sales, categories and supply chain. He is currently the VP Finance - Global Performance management and is based out of the United Kingdom.
HUL net profit rises 19% in Q3
January 27, 2021 Hindustan Unilever Limited on Wednesday posted a consolidated net profit of ₹1,938 crore in the third quarter ended December 31, 2020, a 1.82 per cent dip compared to the preceding quarter of the year. It had posted a consolidated net profit of ₹1,974 crore in the second quarter of the fiscal year.
During the third quarter, the total income stood at ₹12,235 crore, a 3.89 per cent increase compared to the second quarter’s total revenue of ₹11,776 crore.
On a year-on-year basis, the consolidated net profit increased 18.82 per cent compared to the year-ago quarter consolidated net profit of ₹1,631 crore. The total income during the quarter under review increased 19.85 per cent y-o-y compared to Q3FY20’s total income of ₹10,208 crore.
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