SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SES pulls out HUL on royalty hike issue

13 Feb 2013 Evaluate

Proxy Advisory firm SES has pulled up Hindustan Unilever (HUL) on the recent royalty hike issue. In its report, SES has criticized country’s largest fast moving consumer goods (FMCG) maker for increasing the royalty amount without taking the shareholder’s approval, besides terming the hike as ‘unjustified.’

HUL’s board in January approved a royalty of 3.15% of turnover effective this month. Uptill January, the company paid 1.4% of the total turnover as royalty to its parent company, Unilever. However, this hike will be effective by the company in phased manner till March 2018.

The FMCG player registered a rise of 15.59% at Rs 871.36 crore in Q3FY13 as compared to Rs 753.81 crore in the corresponding quarter previous year. The total income from operation of the company has increased by 11.74% to Rs 6654.83 crore for the quarter under review as compared to Rs 5955.53 crore in the same quarter last year.

Hindustan Unilever Share Price

2287.90 15.10 (0.66%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindustan Unilever 2287.90
Godrej Consumer Prod 1042.50
Dabur India 487.60
Colgate Palmol. (I) 2196.75
P&G Hygiene 9930.50
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×