MUMBAI: The number of executives at Hindustan Unilever who drew 8-digit salaries fell by a quarter last fiscal as the country's largest consumer goods maker fought slowing sales growth and declining profit in challenging macroeconomic environment. About 129 HUL managers took home more than a crore of rupees in annual salary in the year to March 2016, against 169 a year ago. More than half of them are less than 40 years of age, equalling all of IT major Infosys' 53 eightdigit salary earners.
Procter & Gamble Co. (PG) is set to report FQ2 2014 earnings before the market opens on Friday, January 24. Procter & Gamble is an American multinational consumer goods company known for brands such as Tide, Gillette, Duracell, Crest, Pantene and more. FQ2 is typically the best quarter of the year for PG and this quarter analysts are expecting Procter & Gamble to report year over growth in both profit and revenue.