How does royalty fee hike bode for HUL?
Royalty increase will impact earnings per share by 2-2.8% for FY24 and FY25.
Hindustan Unilever Ltd (HUL) announced an increase in royalty fees, in an unexpected move. On Thursday, the fast-moving consumer goods giant said its board has approved a proposal to increase the royalty and central services fees payout to parent Unilever Plc from about 2.65% in FY22 to 3.45% in phases over three years.
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