INSUBCONTINENT EXCLUSIVE:
net profit during the October-December quarter of 2022-23, beating Street estimates
Its board of directors also approved a new royalty agreement with parent Unilever, subject to appropriate regulatory clearances.
With 5 per
Its revenue grew 16 per cent to Rs 15,343.0 crore from Rs 13,223.0 crore
The good bit is that the December quarter saw positive 2.5 per cent value growth, and volume growth improved from negative double digits to
Consumption was hit as companies were forced to increase prices and cut grammage of packs to pass on some impact of high commodity costs
Tiwari said HUL would be cautiously optimistic if commodities (prices) remained where they were
HUL now sees almost 25 per cent of its sales captured digitally, and Tiwari said it remained robust in all product categories.New royalty
from 2.65 per cent of turnover in 2021-22 to 3.45 per cent
This increase would be effected in a staggered manner over three years
From February 2023 to December 2023, it would increase by 45 basis points, by another 25 bps for 2024, and another 10 bps for 2025.
The
company had entered into its present technology, trademark licence and central services agreement with the Unilever group in January 2013
Nestle India, Colgate-Palmolive India and Procter - Gamble India unit pay royalties in the range of 4.5-5 per cent
