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Nitin Paranjpe

3.45% increase in royalty to parent Unilever after detailed evaluation: HUL

The decision to increase royalty to 3.45 per cent to parent Unilever was taken after a detailed evaluation and due diligence, Hindustan Unilever Ltd Chairman Nitin Paranjpe said on Monday. Earlier this year, leading FMCG maker Hindustan Unilever Ltd (HUL) increased the royalty paid to Unilever PLC to 3.45 per cent of the total turnover, which will be effected in phases over the next three years. Earlier, this was 2.65 per cent. While addressing the shareholders in response to a question about the rationale of such an increase, Paranjpe said the change was made "after plenty of due diligence and satisfying ourselves that we are getting adequate value for this payment that is royalty payment which is being made". Before this, the company has also looked at the royalty paid by other FMCG companies to their parent global firms, he said. The contract terms that "we have got, were subjected to a detailed evaluation and due diligence first by a senior team from within the company. And the

3.45% increase in royalty to parent Unilever after detailed evaluation: HUL
Updated On : 26 Jun 2023 | 8:19 PM IST

HUL well placed to partner India growth story, says Chairman Nitin Paranjpe

Paranjpe said that HUL is well-placed to partner the India growth story and is committed to playing its role in creating a sustainable and equitable future

HUL well placed to partner India growth story, says Chairman Nitin Paranjpe
Updated On : 30 May 2023 | 8:22 AM IST

Hindustan Unilever to take further price hikes despite volumes taking a hit

Country going through probably the most difficult economic situation, says chairman

Hindustan Unilever to take further price hikes despite volumes taking a hit
Updated On : 23 Jun 2022 | 10:29 PM IST

Rising inflation has led to marked slowdown in growth rates: HUL Chairman

HUL also said that notwithstanding these near-term challenges, the Indian FMCG sector offers significant potential for growth

Rising inflation has led to marked slowdown in growth rates: HUL Chairman
Updated On : 30 May 2022 | 10:39 PM IST

Nitin Paranjpe is Unilever chief people officer for business transformation

Consumer goods company plans a new organisation model that will reduce senior management roles by around 15%

Nitin Paranjpe is Unilever chief people officer for business transformation
Updated On : 26 Jan 2022 | 12:31 PM IST

Nitin Paranjpe: Unilever's Mr Dependable takes the spotlight

He is known as a go-getter who has delivered across roles he held within the company

Nitin Paranjpe: Unilever's Mr Dependable takes the spotlight
Updated On : 15 Mar 2019 | 1:34 AM IST

Nitin Paranjpe: Unilever's Man Friday steps in for a transformed foods biz

Once the youngest CEO of HUL, Paranjpe will be heading the global FMCG giant's merged foods division

Nitin Paranjpe: Unilever's Man Friday steps in for a transformed foods biz
Updated On : 09 Nov 2017 | 3:24 PM IST