- HUL’s Sanjiv Mehta is the second-highest paid FMCG executive in the previous fiscal.
- Top FMCG players are Hindustan Unilever Ltd (HUL), Nestle India, Godrej Consumer Products Ltd (GCPL), Dabur, Marico and Emami.
According to data from both the company’s annual reports, Godrej Consumer Products Ltd (GCPL) MD and CEO Vivek Gambhir was the highest-paid FMCG honcho in FY19 followed by Sanjiv Mehta.
While Gambhir received a total Rs 20.09 crore compensation, Mehta was taking Rs 18.88 crore home. Aside from biggies like Nestle India, Dabur, Marico and Emami, both Godrej and HUL are among India’s top FMCG players.
GCPL stated in its 2018-19 annual report that Gambhir received a total remuneration of Rs 20.09 crore which included the perquisite value of the exercised stock grants during the financial year. His remuneration ratio to median employee remuneration was 311.26.
Mehta was the second-highest-paid director of FMCG in FY19 with Rs 18.88 crore. The proportion of his pay package to HUL’s average employee remuneration was 194.
Nestle India’s chairman and managing director, Suresh Narayanan, was fifth with a Rs 11.09 crore package, while the proportion of his salary to employee’s average salary was 106. Nestle India follows the fiscal period from January to December.
The full-time director of Dabur India, P D Narang, was fourth on the list with a total remuneration of Rs 10,77,17,010, closely followed by the former CEO of the company, Sunil Duggal, who has already retired at the end of FY19 with the remuneration of Rs 10,74,27,074. The ratio of their certain remunerations to the median pay of the company’s employees was at 246.
Sixth in the list was the Managing Director and CEO of Marico Ltd, Saugata Gupta, with a total remuneration of Rs 9,21,91,648 in FY19. His compensation ratio to the median employee remuneration was 97.51.
The Executive Chairman of the GCPL, Nishaba Godrej, received a total remuneration of Rs 6,87,56,036 in FY19, which was seventh in the list, with the ratio of her salary to the median remuneration of 123,47 employees.
Kolkata-based Emami Ltd‘s Executive Chairman R S Agarwal and full-time Director R S Goenka got Rs 6.54 crore each last fiscal, slotting at the eight spot, with the proportion of their salaries to the average salaries of staff at 219.26.
HUL was well ahead of others in 2018-19 with Rs 39,310 crore in terms of consolidated net revenues, as per BSE records, followed by Nestle India at Rs 11,292.27 crore, which follows fiscal January-December.
With consolidated net sales of Rs 10,314.34 in FY19, GCPL was third.
The consolidated net sales of Rs 8,533.05 were posted by Dabur India, followed by Marico (Rs 7,334 crore) and Emami (Rs 2,692.94 crore).