HUL results and Royalty hike

Hindustan Unilever Limited has posted it's Q3 FY 23 results on 19th January, 2023. 

The performance of the company has been excellent.

The company has reported sales of Rs. 14, 986/- crores at a growth rate of 16% YOY. 

The company has also reported net profit of Rs. 2,504/- crores at a growth rate of 12% YOY

The Company's EBIDTA margin came under pressure. The EBIDTA Margin is dropped to 23.6% from 25.4% YOY.

The Company currently pays 2.65% of sales as royalty to it's parent company M/s. Unilever PLC. From February 2023, this royalty will increase to 3.45%.