“Old habits die hard” is a cliché truly pertinent when we describe this colossal corporate mammoth. Hindustan Lever Limited (HLL), India’s largest FMCG company, has never failed to surprise even after winning criticisms. After announcing its depleted annual sales revenues of Rs.108.88 billion (which fell by 1.9%) and reduced net profits of Rs.11.99 billion (which fell by 33.53%) in 2004, it dramatically bounced back to report a double digit rise (10%) in annual sales revenues, which rose to Rs.119.76 billion and a truly commendable 12.94% rise in net profits for the year2005. Hindustan Lever Ltd., with its anglo-Dutch lineage (of Unilever), in fact, is as more or less Hindustani as a European company can ever be.
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Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
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