Hindustan Unilever Ltd (HUL), India’s leading FMCG company, Thursday posted an 11.68 per cent increase in net profit to Rs 2,505 crore for the quarter ended December 2022 (Q3) as against a profit of Rs 2,243 crore in the year-ago period. The HUL board also approved a hike in royalty and service fees to its parent Unilever group.
HUL’s total income for the period was Rs 15,456 crore, up 17.24 per cent against Rs 13,183 crore logged in the corresponding quarter of the previous fiscal.
In the new agreement, royalty and central services fees will increase from 2.65 per cent (FY22) to 3.45 per cent of turnover. This increase will be effected in a staggered manner over three years. The current technology, trademark license and central services agreement with Unilever group was entered into in January 2013 for 10 years.
“During the quarter we saw inflation moderating, albeit remaining high YoY. EBITDA margin at 23.6 per cent improved…
