Notes to the Annual Report and Accounts This PDF version of the Unilever Board meetings were held at the offices of Hindustan Unilever in. the Annual Report and the text of the Schemes. . HINDUSTAN UNILEVER LTD. , Annual Report – Amount (In Rs.) HINDUSTAN UNILEVER LIMITE WESTERN REGION Information pursuant to Clause 32 of the Listing Agreement ANNUAL REPORT – JL Morison.
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Your Company”s Directors are pleased to present ajnual 84th Annual Report of the Company, along with Audited Accounts, for the financial year ended 31st March, The financial statements for the year ended annusl March, have been restated in accordance with IND AS for comparative information. The Final Dividend, subject to the approval of Members at the Annual General Meeting on 30th June,will be paid on or after Wednesday, 5th July, to the Members whose names appear in the Register of Members, as on the date of Book Closure, i.
This was achieved by developing a segmented approach and having a clear roadmap developed 20007-08 Category, Geography and Channels. During the year, your Company set up a new state-of-the-art manufacturing facility in Doom Dooma Industrial Estate, Assam in record time and has already commenced commercial production. The first despatch was completed on 15th March, This unit will augment the production capacity of Personal Care products and make it a strategic sourcing site for the Company.
Your Company acknowledges the excellent support it received in this regard from the Government and the local community. Your Company continued its focus on quality by linking and improving on-shelf consumer relevant quality standards, thereby bringing together every part of the business to work on improving overall consumer experience.
With a robust funnel of annyal programme, your Company continued on its path of delivering consistent end-to-end cost savings and achieved savings of six per cent of the total cost. Your Company brought down its inventory holding by 2. This was achieved by converting agricultural process waste from its operations into fuel, besides increasing the utilization of traditional befouls like agri-waste.
Your Company installed equipment to convert process wastes such as spent coffee and tea from beverages factories into fuel for boilers and air-heaters. Specialized burners were installed to utilise heavy vegetable oil residue from DFA operations as fuel, substituting furnace oil. Factory teams also worked to reduce specific energy consumption by eliminating idle operation of equipment, rightsizing of drives and installation of digital controllers. Year-on-year reduction of water usage continues to be a key priority for your Company.
Increase in harvested rain water utilization in processes, reuse of treated effluent water, reduction of water losses from boiler and cooling tower blow down, process water requirement optimizations, etc.
It has resulted in reduced lead-time and costs, improved reliability and new innovation- delivery. With world-class facilities and a superior science and technology culture, your Company is able to attract the best talent to provide a significant technology differentiation to its products and processes. The TCA provides for payment of royalty on net sales of specific products manufactured by your Company, with technical know-how provided by Unilever. The TMLA provides for the payment of trade-mark royalty, as a percentage of net sales on specific brands, where Unilever owns the trademark in India.
The pace of innovations and the scope of services have expanded over the years. Unilever”s global resources are providing greater expertise and superior innovations. Your Company is enjoying the benefits of an increasing stream of new products annhal innovations, backed by technology and know-how from Unilever, such as those mentioned below. This has helped in bringing to the Indian consumers bigger, better and faster innovations. During the year, your Company introduced several innovations across categories.
Dove, repogt beauty brand trusted by women and mothers around the world, recently marked its entry into the Baby Care category in India with the launch of Baby Dove during the year. Dermatologist-tested and pediatrician-approved, Baby Dove range is formulated uniquely to replenish essential nutrients 20070-8 is hypoallergenic and pH-neutral for skin types of all babies. Lifebuoy continued to delight consumers geport creating winning mixes and raising the bar on its germ protection technologies through Active Silver Formula to give strongest protection against both ordinary and stronger infection-causing germs.
In the Fabric Wash business, Surf excel Hand wash and Matic powders were relaunched with increased stain-removal efficacy, thereby driving better in-wash, tough and oily stain removal. Fabric conditioner was also relaunched with improved performance and fragrance delivery. In the Skin Care business, Pond”s, for the first time, repogt pimple-clear face wash based on thymol-terpineol technology to visibly clear pimples, such that the difference could reprot seen in just three days.
The goodness of ingredients like turmeric, saffron, cow”s ghee, cardamom, rock salt, etc. In Foods, the year saw the launch of new variants of premium jams of Kissan. These have met with strong initial success and hil continue to expand their availability footprint.
Your Company continues to work on improving the taste and nutritional quality of its products using globally recognized standards.
At the same time, your Company is equipped to meet the challenges of increased competition. Your Company continuously imports technology from Unilever under the Technical Collaboration Agreement and the same is fully absorbed. Your Company also receives continuous support and guidance from Unilever to drive functional excellence in marketing, supply management, media buying and IT, among others, which help your Company to build capabilities, remain competitive and further step-up its overall business performance.
Unilever is committed to ensuring that the support in terms of new products, innovations, technologies and services is commensurate with the needs of your Company and enables it to win in the marketplace. Your Company upholds Safety, Health and Environment as non-negotiable values. The Company”s Safety approach not only encompasses employees erport assets, but also the communities that reporf operates in. An environment of safe work, safe behavior and safe travel is achieved through implementation and internalization of your Company”s vision of an injury-free organization.
The absolute injury rate in was less than 0.
Be Safe is a behavioral safety framework, which helps in bringing about a change in the behavior patterns and aims to eliminate unsafe acts by improving risk perception of the employees, be it in factories, offices or homes.
Your Company has a robust system of recording and investigating safety incidents. All cases of injuries requiring medical intervention annal reported in Unilever”s global safety portal and the same is audited by an external agency. Learnings from safety incidents are cascaded top-down for mitigation of erport, which can avoid repeat incidents. Your Company celebrates National Safety Day each year across all sites.
HUL Auditors Report
Special programmes are designed by the Corporate Safety Team jointly with the sites and many of them extend the events to a full Safety Week. In this forum, performances of specific safety and environment related sub-committees, each of which is led by a Managing Committee MC member, are reviewed.
This helps in bringing newer insights and direction from the top management. As part of Unilever Sustainable Living Plan USLPyour Company strives to grow the business whilst reducing environmental footprint and increasing positive social impact.
Accordingly, your Company has taken ambitious targets of year-on-year reductions annuql CO 2 emissions kg per tonne of productiongroundwater abstraction cubic meter per tonne of production and waste generation kg per tonne of production in its operations. Some of the sustainability initiatives undertaken during the year were:. In several sites, make-up water for utilities is taken from rainwater harvested during monsoons.
More such installations have been planned. This was supported by sustained usage of biogenic fuels across factories. Your Company has made investments totaling Rs, 17 crores in such projects in the above period. Factories identified newer avenues for re-use and energy recovery from waste, in addition to the current reduction and recycling streams, within the purview of statutory guidelines of waste disposals.
With the continuous evolution of the USLP in a changing landscape, in JanuaryUnilever announced a commitment to ensure that all hu, our plastic packaging will be fully re-usable, recyclable jul compostable by The Human Resource agenda continues to support the business in achieving sustainable and responsible growth by building the right capabilities in the organization. It continues to focus on progressive employee relations policies, creating an inclusive work culture and a strong talent pipeline.
The foundation of all your Company”s learning practices is based on a approach to learning. Your Company”s learning curriculum is designed to support the entire life cycle of an employee”s career. As per the latest Campus Track Business School Survey, conducted by Nielsen for B-School students, your Company has been chosen as the preferred employer across all sectors.
Hindustan Unilever Directors Report | Hindustan Unilever Director Details – The Economic Times
Your Company is known for having the best people practices for developing future leaders. The ability to attract the best talent, provides a competitive edge to the organization. A series of programmes like maternity hhl paternity support, Career by Choice and location flexibility have helped in driving the Inclusion and Diversity agenda. Your Company continues to focus on driving inclusion through building leadership capability reort recognizing line managers who provide a simple, flexible and respectful work environment for their teams.
This award is a recognition of your Company”s commitment towards creating a diverse and inclusive work-culture. Your Company is confident that this framework will help bring more speed and agility in its operations to compete in the marketplace and strengthen the consumer connect. Over the years, the Industrial Relations function of your Company achieved many milestones by strengthening its base through Institutional Capability.
Your Company drives sustainable growth by leveraging employee-potential through capability development initiatives in line with Unilever Production System and by reducing cost and complexity in Supply Chain units.
Your Company is focused on building a high-performance culture with a growth mindset where employees are engaged and empowered to be the best they can be. Developing and strengthening capabilities of all employees in your Company has remained an ongoing priority. Disclosures with respect to the remuneration of Directors and employees as required under Section of the Act and Rule 5 1 Companies Appointment and Remuneration of Managerial Personnel Rules, Rules have been appended as Annexure to this report.
Details of employee remuneration as required under provisions of Section of the Companies Act, and Rule 5 2 and 5 3 of Rules are available at the Registered Office of the Company during working hours, 21 days before the Annual General Meeting and shall be made available to any shareholder on request.
Such details are also available on your Company”s website https: The agenda for the Finance and Accounts function of your Company is to assist in driving superior performance of the business, pioneer thought-leadership and develop future-ready talent in Finance. During the year, your Company implemented projects to leverage technology for building business intelligence thereby, enabling growth and reducing costs through project Livewire and Zero Based Budgeting ZBB.
It continues to evolve as a pioneering technology enabling your Company to drive business performance management with speed and agility.
The tool based on bringing together raw data from different sources, delivers ready-made off-the-shelf analytics in pictorial and graphical form, and offers actionable insights that help us spot opportunities and challenges in a faster manner. To enhance standardization of accounting processes, improve efficiency in operations and enhance accounting expertise, three accounting centers are being formed for consolidating – Sales Accounting, Head Office Accounting and Factory Accounting.
Your Company invested in a common distribution management system that has been further upgraded during the year to make it future-ready. The common mobility solution has also been upgraded.
These would enable a sharper and richer sales execution process in the marketplace. The e-commerce capabilities have been further enhanced. Ability to manage the digital content of our products and brands and to seamlessly publish the same to our partners have helped improve the quality of consumer engagement online. Analytical solutions have been developed for improved understanding of consumer sentiments and to engage with them in an agile manner.
Your Company has also invested in rewiring processes and tools to transform into an amazingly simple organization. Investments in new technologies like Financial Closing Cockpit have cut timelines and improved predictability of the month-end close process. Your Company has continued the active engagement with the external environment and is investing to enhance solutions across the value chain, thereby preparing itself for the Goods and Services Tax GST era.
Your Company continues to drive resilience through targeted remediation of high risk Information Technology IT components, including hardware, database, operating systems and applications.
HUL Auditor’s Report
annuxl Alongside the investment in technology, your Company is also improving its service management processes to prevent any defects in the IT environment and to enable faster resolution of any such incidents with minimum business disruption. Capital Expenditure during the year was at Rs, 1, crores Rs, crores in the previous year. During the year, your Company did not accept any public deposits under Chapter V of Companies Act,