HUL increases royalty to the parent. Don’t overreact.
Along with it’s Dec 22 qtr results, Hindustan Unilever (HUL) has decided to increase future royalty payment to the parent, Unilever. Royalty is paid by HUL to Unilever for access to latter’s technology, innovation and global expertise. Current royalty agreement is 2.65% of the turnover. This was fixed in 2013 and the agreement is expiring … Read more