HUL share price

Hindustan Unilever (HUL) has hiked the royalty payment to Unilever by 80 basis points to 3.45 per cent of the turnover, said the company along with its ...

HUL reported a 12 per cent YoY jump in net profit at Rs 2,505 crore for the December quarter compared with Rs 2243 crore in the same quarter previous year. The gross margin recovery was on expected lines, said Kotak Instituational Equities, which has an add rating on the stock and sees its fair value at Rs 2,825. "Easing raw material prices and the likely bottoming out of rural slowdown set stage for robust gross margin recovery starting in 4Q and some pick-up in volume growth. Hindustan Unilever's shares plunged more than 4 per cent even as the FMCG major reported a decent performance in the December 2022 quarter, but hiked the royalty payment to its parent company. "During the quarter, HUL continues to deliver outperformance in all key segments. Even after the increase in the royalty outgo, HUL's payment will be lower than Nestle India, Colgate Palmolive and P&G Hygiene and Healthcare.

HUL shares slipped 3% despite Q3 results beating estimates. The stock has rallied more than 16% in the last one year, and over 3% so far in 2022, ...

(The stock recommendations in this story are by the respective research analysts and brokerage firms. The brokerage has retained its ‘Buy’ rating on HUL shares, yielding a target price of Rs 3,365, revised upwards from Rs 3,140 earlier. Analysts at Edelweiss expect HUL to continue growing ahead of the market. [HUL](https://www.financialexpress.com/industry/hul-q3-profits-beats-street/2954223/)‘s board on Thursday also approved a new royalty and central services arrangement with Unilever Group that will see an increase in the fees for the same to 3.45% of turnover from 2.65% in FY22. However, in the long run, the collaboration with Unilever will help to become competitive in the domestic market through sustained new product launches and efficiencies, he added. Inflation still remains elevated YoY which led to a sharp gross margin slippage of 463bps YoY to 47.5%. EBITDA margins at 23.2% were managed due to a cut in employee expenses (58bps), ad spends (120bps) and lower other expenses (103bps). The company will keenly monitor the movement in the key input prices. Board has approved increase in royalty payment to Unilever by 80BPS, which will happen in staggered manner over the next three years, which might curb the margin expansion led by raw material correction,” said Kaustubh Pawaskar- Analyst, Sharekhan by BNP Paribas. The FMCG behemoth’s revenue from operations came in at Rs 15,228 crore, up 16% against Rs 13,092 crore logged in the corresponding quarter of the previous fiscal. Our industry interactions indicate [HUL](https://www.financialexpress.com/industry/hindustan-unilever-q3-net-profit-rises-7-9-pc-to-rs-2481-crorenbsp/2953766/) will likely need an approval from minority shareholders. HUL’s net profit for the quarter ended 31 December 2022 increased to Rs 2,505 crore, up 12% from Rs 2,243 crore reported in the year-ago period.

HUL shares dip 3% ahead of Dec quarter results; here's what to expect from Q3 · HUL is expected to post double-digit growth in both profit and revenue on a ...

The FMCG giant reported a 19.6% YoY growth in standalone net profit at ₹2,616 crore as compared to ₹2,187 crore in the year-ago period. The sectoral leader has gained 11% in the last 12 months as compared to 16.5% rise in the BSE FMCG index. On a sequential basis, the profit rose 14% from ₹2,289 crore in the June quarter. Home care is expected to witness 23% sales growth given the company has taken price hikes in the last one year. Beauty & personal care segment is estimated to post 5.3% sales growth as the company has passed on benefits of palm oil price decline in terms of price cuts in soaps in October 2022. In the last one week, HUL shares have gained 1.5% as compared to 2% rise in the BSE benchmark Sensex.

Shares of Hindustan Unilever Ltd declined over 4 per cent in morning trade on Friday as investors preferred to desert the counter amid concerns over ...

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HUL had on Thursday said it would raise royalty by 80 basis points to 3.45 per cent of turnover from 2.65 per cent in FY22 in a staggered manner over a ...

MOST READ [Reliance Industries shares at Rs 3,500? Ebitda margin for the quarter came in at 23.6 per cent, improving 30 basis points (bps) sequentially, but down 180 bps on YoY basis. HUL said its total sales for the quarter jumped 16 per cent YoY to Rs 14,986 crore. Near term growth will continue to be price-led even after the recent price cuts in tea and soaps. HUL last entered agreement with Unilever group in January 2013 for a period of 10 years. Volume growth for the quarter came in at 5 per cent. Even at 3.45 per cent royalty by CY27, HUL's royalty rate will be well below that of Nestle India, Colgate and Procter & Gamble Hygiene & Health Care whose royalties to parents are roughly 5 per cent, Motilal Oswal Securities said. "Royalty scheme came to an end (completed its 10 years in January) and, hence, slight increase has come Nuvama Institutional Equities has upped its target price on the stock to Rs 3,365 from Rs 3,140 earlier. Nirmal Bang Institutional Equities has raised its target on the stock to Rs 3,065 from Rs 3,055 earlier. Hindustan Unilever's (HUL) December quarter results were ahead of analyst estimates, but the hike in royalty payments was a slight negative.