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Unilever India in 2004 - In Search of a Growth Strategy |
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Business SegmentsProject MillenniumFor HLL, the problem of slow growth had not appeared overnight. Aware of the fact that many of the growth opportunities had been tapped, Chairman Keki Dadiseth launched Project Millennium in the late 1990s... Human ResourcesHLL's top management realized that its ability to attract and nurture good talent would be crucial to the success of Project Millennium... Changes at the TopIn what appeared to be a public admission of the challenges facing the company, HLL announced sweeping changes in its management structure on April 15, 2004... The Road AheadIn mid-2004, the challenges which HLL faced in restoring growth, looked formidable. Penetration levels in most FMCG categories had become saturated. Another trend affecting FMCG sales of the increase in spending on consumer durables, education, health care and travel... Exhibits
Exhibit I: Financial Performance at a Glance
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