HUL recognised as most innovative company in India
Hindustan Unilever Limited (HUL) has been ranked No 1 in India on the Forbes list of Most Innovative Companies across the globe for 2014. HUL has been ranked at No 3 in Asia and is the only Indian company to find a place in the top ten. In the global list, HUL ranks 14th and is the only Indian company in the Top 50.
Other Indian companies that feature in the global list of 100 Most Innovative companies 2014 are TCS (at no 57), Larsen and Toubro (at 58), Sun Pharma Industries (65) and Bajaj Auto (96).
According to Forbes, the innovation premium is a measure of how much investors have bid up the stock price of a company above the value of its existing business based on expectations of future innovative results like new products, services and markets.
The innovation premium for HUL was calculated at 54.7% with a 12-month sales growth of 8.2% and 5-Year annualised total return of 21.4%. The Forbes list of most Innovative Companies around the world is compiled every two years..