Higher royalty & dull results take sheen off HUL

Jan 23 2013, 01:00 IST
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SummaryConsumer goods company Hindustan Unilever said on Tuesday it had agreed to enter into a revised royalty deal with Unilever on technology, services and trademark licences provided by its Anglo-Dutch parent.

19.5% while HUL gained 25%.

“The pace of innovations and the scope of services have expanded over the years, and as a consequence, HUL is enjoying the benefits of an increasing stream of new products and innovations, backed by technology and knowhow from Unilever,” HUL said in a media statement.

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