Godrej Consumer Products’ Gambhir highest paid FMCG honcho in FY19, HUL’s Sanjiv Mehta in 2nd spot

New Delhi: Godrej Consumer Products MD and CEO Vivek Gambhir was the highest paid FMCG executive in the previous fiscal with a total remuneration of Rs 20.09 crore, followed by HULNSE 2.12 %’s Sanjiv Mehta at Rs 18.88 crore, according to information available in annual reports of the companies. The country’s top FMCG players are Hindustan Unilever Ltd (HUL), NestleNSE 1.29 % India, Godrej Consumer Products Ltd (GCPL), DaburNSE 0.84 %, Marico and Emami. In its annual report for 2018-19, GCPL said Gambhir received a total compensation of Rs 20,09,42,847. The ratio of his remuneration to…

Read More

India’s coconut products export to cross ₹2,000 crore in FY19

A higher price realisation of activated carbon in the overseas market has pushed up India’s coconut product exports to cross the ₹2,000 crore mark in FY19. The country exported 80,467 tonnes of activated carbon valued at ₹1123.64 crore till January this year and the total exports in overall products stood at ₹1812.55 crore. The final figures are yet to be compiled, but it is set to touch the range of ₹2,100 crore up to March this year. Activated carbon fetched a price of ₹140/kg in FY 19 vis-a-vis ₹100/kg in FY18. The low price of coconut…

Read More