Minimalist Crosses Rs 500 Cr; FY25 Hit By Rs 46 Cr One-Offs
HUL-owned Minimalist reports 48 per cent revenue growth to Rs 514.8 crore in FY25, but exceptional items of Rs 46 crore lead to a net loss of Rs 31.5 crore.
HUL-owned Minimalist reports 48 per cent revenue growth to Rs 514.8 crore in FY25, but exceptional items of Rs 46 crore lead to a net loss of Rs 31.5 crore.
The acquisition has been completed through a combination of primary infusion and secondary acquisition for a total cash consideration of Rs 2,706.44 crore
The company states that HUL’s campaign was a classic hit and run, falsely implying that Honasa’s sunscreen is ineffective and makes misleading claims
The transaction is expected to be completed in the first quarter of the next financial year (Q1FY26)
The company stated that KWIL has been incorporated to engage in the manufacture, marketing, distribution and sale of ice creams, frozen desserts, frozen snacks, frozen vegetables and frozen processed food of all kinds
The acquisition, if materialises, would expand Hindustan Unilever’s (HUL) portfolio, which already includes brands like Dove, Lakme, and Lux
As per the company, this decision will enable the ice cream business to operate with greater flexibility and focus
Hindustan Unilever (HUL) revealed on Wednesday top-level changes to its management committee, which controls the company’s operations. According to a business announcement, Shiva Krishnamurthy (49) will join the HUL Management Committee as Executive Director, of Foods and Refreshment. HUL owns brands such as Rin, Surf Excel and Dove. Srinandan Sundaram, Executive Director, Foods and Refreshment, […]
Hindustan Unilever (HUL) has revealed its financial performance for the third quarter of the fiscal year 2023-24, reporting a profit of Rs 2,509 crore. This reflects a modest increase of 1.4 per cent compared to the corresponding quarter in the previous year, where the profit amounted to Rs 2,474 crore. Despite a marginal drop of […]