HUL’s Nitin Paranjpe spotlights building a winning business

Nitin Paranjpe’s aim to achieve a medium-to-long-term profit increase of around 10% comes amid a difficult 2024-25 period marked by subdued market growth, delayed rural recovery, and moderate urban expansion.

In FY 2024-25, Hindustan Unilever witnessed a turnover of INR 60,680-crore with 2% underlying sales growth and 5% profit after tax (PAT) growth. In the March quarter of 2025, the company witnessed an underlying sales growth of 3%, an underlying volume growth of 2%, and a PAT growth of 4%. 

During his address, Paranjpe said, “We have 27 owned factories and produce over 80-billion units of products for our consumers.” He added, “We are reimagining the factory of the future. Our nano factories handle smaller product volumes with similar unit efficiencies as large factories, allowing us to cater to new age consumers with niche product categories.”

He spoke about India’s transition towards a plastic circular economy. He said, “We have invested in Lucro Plastecycle, a leading player in recycled flexible plastics to significantly strengthen plastic circularity by increasing the availability of recycled content for flexible.”

On 21 March 2025, HUL announced an investment to purchase a 14.3% share in Lucro Plastecycle, a producer of recycled flexible plastics. HUL stated that the initiative is a step in its sustainability efforts to increase the use of recycled flexible material in packaging.

According to HUL, 25 of the company’s brands, such as Vim Dishwash, Surf Excel, Comfort, Vaseline, Dove, Sunsilk, and Lifebuoy, utilise post-consumer recyclate materials in packaging.