HUL’s share price gained 300% during Sanjiv Mehta’s tenure

Sanjiv Mehta, CEO and MD. HUL

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26 Aug, 2025 12:21

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In a key leadership decision, Hindustan Unilever Ltd (HUL) announced that Rohit Jawa will replace Sanjiv Mehta as managing director and chief executive officer of India’s largest fast-moving consumer goods (FMCG) company. Mehta will be retiring after 10 years at the helm.

During Mehta’s tenure, HUL’s share price appreciated over 300 percent, from Rs 600 levels in October 2013 to Rs 2,461 on the NSE on March 10, 2023. Market capitalization of the company increased more than four times from Rs 1.3 lakh crore to Rs 5.78 lakh crore.

Also Read: HUL board names Rohit Jawa next MD & CEO, tenure starts from June 27

He was the brain behind initiatives such as ‘Dial Up the Big Q’ and ‘Winning in Many Indias’. He also kick-started the Reimagine HUL agenda to leverage data and artificial intelligence (AI) for enhancing the customer experience.

Under his leadership, the company’s revenue doubled from Rs 24,167 crore in FY13 to Rs 51,548 crore in FY22. Net profit also more than doubled from Rs 3,839 crore to Rs 8,887 crore. Meanwhile, operating margins expanded from 19-20 percent to 25 percent.

In 2020, Mehta led the ‘historic merger’ of GSK Consumer Healthcare with HUL. Iconic health food drink brands like Horlicks and Boost entered the foods and refreshment portfolio of HUL. In the same year, HUL also acquired VWash.

Following this, in 2022, HUL's turnover crossed the Rs 50,000-crore mark, thus, adding another feather to his cap.

Also Read: Worst of inflation may be behind us, says HUL CEO Sanjiv Mehta

Not just business transformation, Mehta’s focus was also on social transformation. Various programs such as the Hindustan Unilever Foundation and Project Shakti scaled new heights under his guidance. In 2016, HUL unveiled ‘Suvidha’, a first-of-its-kind urban water, hygiene and sanitation community centre in Azad Nagar, Mumbai.

When HUL completed the acquisition of GSK, Mehta had said, “It is a privilege to combine our respective strengths and work towards broadening our social impact to help our country address the challenges of malnutrition, obesity and micronutrient deficiency.”

During his tenure, HUL also completed the sale and transfer of its bread and bakery business under the brand name ‘Modern’ to Nimman Foods. This was followed by the sale of Captain Cook and Annapurna Atta brands to Uma Global Foods, which was announced recently.

Bidding adieu to Mehta, Nitin Paranjpe, Non-Executive Chairman, HUL, said, “Sanjiv, with his foresight, has led HUL to become a high-performing and future-fit business. Through his passion, commitment, and endless energy, he leaves behind a business that is now poised to achieve even greater heights.”