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Hindustan Unilever Results: Latest Quarterly Results & Analysis

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Hindustan Unilever Ltd. 23 Oct 2025 12:30 PM

Q2FY26 Quarterly Result Announced for Hindustan Unilever Ltd.

Personal Products company Hindustan Unilever announced Q2FY26 results

  • Sales: Rs 16,061 crore compared to Rs 15,729 crore during Q2FY25, up 2%.
  • EBITDA: Rs 3,729 crore compared to Rs 3,793 crore during Q2FY25.
  • EBITDA Margin: 23.2% for Q2FY26.
  • PBT: Rs 3,570 crore compared to Rs 3,542 crore during Q2FY25, change 1%.
  • PAT: Rs 2,694 crore compared to Rs 2,595 crore during Q2FY25, change 4%.

Priya Nair, CEO and Managing Director, said: “We delivered a competitive performance with an Underlying Sales Growth of 2% and an EBITDA margin of 23.2% in the quarter. The latest GST reforms are a positive step by the Government to drive consumption, expected to increase disposable income and improve consumer sentiment. However, the quarter saw a transitory impact as the market adjusted to these changes. We anticipate normal trading conditions starting early November, once prices stabilise, paving the way for a gradual and sustained market recovery.

Looking ahead, we are determined to accelerate our portfolio transformation by radically sharpening our consumer segmentation, being bolder in transforming our core brands to make them more modern, desirable and youthful, future-proofing our marketing & sales capabilities by enabling superior online brand discovery & fulfillment and investing disproportionately to scale our high-growth demand spaces. We believe these key priorities, coupled with a supportive macroeconomic environment, will position us to accelerate volume-led growth in the mid-to-long term.”

Result PDF

Personal Products company Hindustan Unilever announced Q1FY26 results

  • HUL reported a consolidated Underlying Sales Growth (USG) of 5% and an Underlying Volume Growth (UVG) of 4%.
  • EBITDA margin at 22.8% declined by 130 bps YoY.
  • Profit After Tax before exceptional items (PAT bei) declined by 5% while Profit After Tax grew by 6%.

Rohit Jawa, CEO and Managing Director, said: FMCG demand has continued to remain stable, with a gradual uptick in recency. Encouraged by favourable macro-economic indicators, we strategically stepped up our investments to effectively advance our portfolio transformation agenda in this quarter. As a result, we delivered competitive, broad-based growth with an Underlying Sales Growth of 5%, driven by an Underlying Volume Growth of 4%, at a consolidated level.

Going forward, I expect this gradual recovery to be sustained. I am confident that the ASPIRE strategy will further strengthen our presence in segments and channels of the future, powered by unmissably superior brands, heightened innovation intensity and digital media models, to deliver competitive volume-led growth and create long-term shareholder value.

Result PDF

Personal Products company Hindustan Unilever announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • HUL reported an Underlying Sales Growth (USG) of 3% and an Underlying Volume Growth (UVG) of 2%.
  • EBITDA margin at 23.1% declined 30 bps YoY.
  • Profit After Tax before exceptional items (PAT bei).
  • Profit After Tax (PAT), both grew by 4%.

FY25 Financial Highlights:

  • Turnover of FY’25 at Rs 60,680 crore grew 2% driven by UVG of 2%.
  • EBITDA margin remained healthy at 23.5%.
  • PAT at Rs 10,644 crore grew 5% YoY while PAT bei grew by 1%.
  • The Board of Directors have proposed a final dividend of Rs 24 per share, subject to approval of shareholders at the AGM.
  • Together with interim dividend of Rs 19 per share and special dividend of Rs 10 per share declared in Oct’24, the total dividend payout for the year will be Rs 12,453 crore.

Other Highlights:

  • Home Care delivered 3% USG driven by mid-single digit UVG. The segment witnessed negative price growth on account of pricing actions taken to pass on commodity led benefits to consumers.
  • Beauty & Wellbeing turnover grew by 3% with low-single digit UVG. Hair Care delivered double digit growth led by volume. The growth was broad based across Core, Future Core and Market Makers segments.
  • Personal Care grew 3% with low-single digit volume decline. Skin cleansing grew in low-single digit driven by calibrated pricing actions taken due to commodity inflation.

Rohit Jawa, CEO & Managing Director, said: In FY25, our turnover surpassed Rs 60,000 crore, with an Underlying Sales Growth of 2% and an EPS growth of 5%. While absolute volume tonnage grew in mid-single digit, it was partially offset by a negative mix. We delivered a competitive performance, further strengthening our market leadership during the year. This year marked a step up in our portfolio transformation with increased innovation in high-growth spaces, amplified investments in channels of the future, acquisition of Minimalist, divestment of Pureit, and the decision to demerge Ice Cream business. Looking ahead, we anticipate demand conditions to gradually improve over the next fiscal year. We are committed to the strategic objective of unlocking a billion aspirations supported by our robust business fundamentals, to continue winning competitively

Result PDF

Personal Products company Hindustan Unilever announced Q1FY25 results:

  • HUL delivered a robust performance in Q1FY25 with an Underlying Volume Growth1 (UVG) of 4%. Underlying Sales Growth2 (USG) was 2% due to the impact of price reductions taken during the year as we passed on benefits of lower commodity prices to consumers. EBITDA margin at 23.8% was up 20 bps YoY.
  • Profit After Tax before exceptional items (PAT bei) and Profit After Tax (PAT) both grew 3% YoY.
  • Home Care: Home Care delivered a strong performance with 4% USG and high-single digit UVG. Fabric Wash grew volumes in high-single digit led by structural actions taken across the portfolio, in both mass and premium segments.
  • Beauty & Wellbeing: Beauty & Wellbeing delivered 3% USG with mid-single digit UVG. Hair Care grew volumes in double-digit driven by a strong performance in Sunsilk, Clinic Plus and Dove.
  • Personal Care: Personal Care delivered low-single digit UVG while USG declined by 5%.
  • Foods & Refreshment: Foods & Refreshment had a USG of 1% with volumes remaining stable. The category was impacted by a harsh summer season.

Rohit Jawa, CEO and Managing Director commented: ‘HUL’s first quarter performance reflects our decisive actions of transforming our portfolio in high growth spaces aided by gradual recovery of rural markets. Our commitment to unlocking access to aspiration, market making & premiumization supported by our distinctive capabilities is a key driver of our competitive edge.

We continue to focus on driving competitive volume growth, generating fuel to invest behind our brands and making our business future fit. We remain confident of the medium to long term potential of Indian FMCG sector. With our strong brands, execution prowess and distribution might, HUL is well positioned to leverage this growth opportunity as we continue transforming our business to outperform.’

Result PDF

Personal Products company Hindustan Unilever announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Underlying Sales Growth (USG) of 1%.
  • Underlying Volume Growth (UVG) of 2%.
  • EBITDA margin at 23.4%.
  • Profit After Tax before exceptional items (PAT bei) declined by 3%, while Profit After Tax (PAT) declined by 6%.

FY24 Financial Highlights:

  • Full year turnover amounted to Rs 59,579 crore.
  • USG for the year was 3% with UVG of 2%.
  • EBITDA margin remained healthy at 23.8%, marking an increase of 40 basis points (bps) YoY.
  • PAT (bei) increased by 4%, while EPS saw a 2% rise.
  • The Board of Directors proposed a final dividend of Rs 24 per share, subject to shareholder approval at the AGM.
  • Including the interim dividend of Rs 18 per share, the total dividend for the year is Rs 42 per share, reflecting an 8% increase compared to FY’23.

Rohit Jawa, CEO and Managing Director commented: "In FY’24 we delivered a resilient performance with 3% USG and crossed Rs 10,000 crore Net Profit mark. We remain focused on driving operational excellence and have continued to build back our gross margins whilst stepping up investment in brands and long-term capabilities. Looking forward, I am optimistic of consumer demand gradually improving due to a normal monsoon and better macro-economic indicators.

With rising affluence, under-indexed FMCG consumption and a strong digital infrastructure, I remain very confident of the medium to long-term potential of Indian FMCG sector. To serve the evolving aspirations of Indian consumers, we have embarked on a journey of 'Transform to Outperform'. Our key thrusts of Growing our Core through Unmissable Brand Superiority, Market making and Premiumisation, Re-shaping our portfolio to high growth spaces and Leadership in Channels of future, backed by our distinctive capabilities will enable us to continue winning in the Indian FMCG sector."

Result PDF

Personal Products company Hindustan Unilever announced Q3FY24 & 9MFY24 results:

  • Q3FY24:
    • HUL delivered a resilient performance in Q3FY24 with Underlying Volume growth (UVG) at 2%.
    • Home Care and Beauty & Personal Care which constitutes about 75% of our business continues to see volume recovery and had mid-single digit UVG.
    • Foods & Refreshment, on the other hand, saw a low-single-digit decline in UVG primarily due to pricing taken in the year to offset the impact of higher commodity costs.
    • Underlying Sales Growth2 (USG) was flat due to the impact of price reductions.
    • EBITDA margin at 23.7% was up 10 bps YoY.
    • Profit After Tax before exceptional items (PAT bei) declined by 2% and Profit After Tax (PAT) grew by 1%.
  • 9MFY24:
    • Turnover at Rs 44,886 crore grew 3%.
    • Both EBITDA and PAT (bei) grew 6% while Net Profit grew 4%.

Rohit Jawa, CEO and Managing Director commented: ‘HUL has delivered another quarter of resilient performance with strong operating fundamentals amidst a challenging operating environment. Our focus on providing the right consumer value, excellence in execution, increased investments behind brands and capabilities, premiumisation and market development continues to serve us well.

Looking forward we expect a gradual recovery in market demand to continue aided by increased Government spending, recovery in winter crop sowing and better crop realization. Rural income growth and winter crop yields are key factors that will determine the pace of recovery. In this context, our focus remains on driving competitive volume growth whilst stepping up investment behind our brands and long-term strategic priorities. We remain confident of the mid to long-term potential of the Indian FMCG sector and HUL remains well positioned to unlock this opportunity whilst navigating the short-term challenges.’

 

Result PDF

Personal Products company Hindustan Unilever announced Q2FY24:

1. Financial Performance:
-HUL delivered a resilient and competitive performance in Q2FY24 with Underlying Sales Growth (USG) of 4% and Underlying Volume Growth (UVG) of 2%.
-EBITDA margin at 24.6% was up 130 bps YoY.
-PAT at Rs 2,717 crore grew 4% YoY
-Profit After Tax before exceptional items (PAT bei) grew 12% and Profit After Tax (PAT) grew 4%. In the quarter, there was a one-off credit from the favourable resolution of past indirect tax litigation benefiting both the top line and bottom line.
-The Board of Directors declared an interim dividend of Rs 18/- per share for year ending March 31, 2024

2. Home Care:
- Home Care delivered a 3% growth, driven by mid-single-digit volume growth in the Fabric Wash category.
- Household care volumes grew in high single digits, led by Dishwash.
- New launches include the Vim Pure range with plant-based actives and Comfort Intense Fabric Conditioner.

3. Beauty & Personal Care:
- Beauty & Personal Care grew by 4% with mid-single digit volume growth.
- Skin Cleansing had a low-single-digit volume growth, while Skin Care and Colour Cosmetics grew double-digit.
- Key launches include a new range of Vaseline moisturizers, Lakme serums and cosmetics, and Pond's serum.

4. Foods & Refreshment:
- Foods & Refreshment grew by 4%.
- Tea witnessed modest growth due to consumers downgrading, while Coffee grew in double digits.
- Horlicks Strength Plus, Slow Churn Ice Cream, and new blends of Lipton Green Tea were launched.

Rohit Jawa, CEO and Managing Director commented, "We delivered resilient and competitive growth whilst stepping up our EBITDA margin in a challenging operating environment, marked by subdued rural demand and heightened competitive intensity. Looking forward we remain cautiously optimistic. FMCG demand is likely to continue a gradual recovery with tailwinds from the upcoming festive season, sustained buoyancy of services, and the Government’s thrust on capex. At the same time, we need to be watchful of volatile global commodity prices as well as the impact of monsoon on crop output and reservoir levels. In this context, our focus is to provide superior value to our consumers, drive competitive volume growth, and invest in our brands. We remain confident of the mid to long-term potential of the Indian FMCG sector and HUL’s ability to deliver Consistent, Competitive, Profitable, and Responsible growth."

 

 

Result PDF

Personal Products company Hindustan Unilever announced Q1FY24 results:

  • HUL delivered a resilient and competitive performance in Q1FY24 with Underlying Sales Growth (USG) of 7% and Underlying Volume Growth (UVG) of 3%.
  • EBITDA margin at 23.6% was up 40 bps YoY.
  • Profit After Tax before exceptional items grew by 9%
  • PAT at Rs 2,472 crore was up 8% YoY
  • Home Care delivered another quarter of strong performance with 10% revenue growth and mid-single-digit UVG
  • Beauty & Personal Care delivered 4% revenue growth with mid-single digit UVG
  • Foods & Refreshment revenue grew 5% with near-flat UVG

Rohit Jawa, CEO and Managing Director commented: "FMCG markets are recovering gradually although the operating environment remains challenging. In this context, we have delivered a resilient and competitive performance whilst stepping up our EBITDA margin.

In the near term, the FMCG industry will continue to witness the rebalancing of the price-volume growth equation and a gradual recovery in consumer demand. In this environment, we will continue to provide superior value to our consumers and invest in our brands. We remain focused on driving our long-term strategic priorities including market development and building distinctive capabilities for the future. I am confident of the medium to long-term prospects of the Indian FMCG sector and HUL’s ability to deliver Consistent, Competitive, Profitable, and Responsible growth."

 

 

Result PDF

Personal Products company Hindustan Unilever announced Q4FY23 & FY23 results:

  • Q4FY23:
    • HUL delivered strong performance with turnover growth of 11% and Underlying Volume Growth of 4%
    • Profit After Tax (PAT) grew by 10%
    • EBITDA margin at 23.7%
    • PAT at Rs 2,552 crore was up 10% YoY
  • FY23:
    • Turnover at Rs 58,154 crore grew 16% with underlying volume growth of 5%
    • EBITDA margin remained healthy at 23.4% despite the unprecedented inflation during the year
    • PAT at Rs 9,962 crore
    • EPS at Rs 42 per share was up 13%
  • The Board of Directors have proposed a final dividend of Rs 22 per share, subject to the approval of shareholders at the AGM. Together with the interim dividend of Rs 17 per share, the total dividend for the year amounts to Rs 39 per share an increase of 15% vs FY22.

Sanjiv Mehta, CEO and Managing Director commented: "In challenging circumstances of geopolitical uncertainties, high commodity inflation and tepid market growths, I am pleased that we have delivered yet another year of strong and resilient performance. We have added Rs 8,000 crore to our topline in this fiscal with volume growth in mid-single digits despite decline in FMCG market volumes. We continue to make steady progress in future-proofing our business through portfolio transformation and building distinctive capabilities. Looking forward, the near-term operating environment is likely to remain volatile. With inflation easing due to lapping of high base and sequential softening in a few commodities, price and volume growths will rebalance. Market volumes will recover gradually as consumption habits readjust. We remain focused on managing our business with agility and growing our consumer franchise whilst maintaining margins in a healthy range. We stay confident of the medium to long-term potential of Indian FMCG sector and HUL’s ability to deliver a Consistent, Competitive, Profitable and Responsible growth."

 

 

Result PDF

FMCG firm Hindustan Unilever announced Q3FY23 results:

  • Q3FY23:
    • HUL delivered strong performance in the quarter with Turnover growth of 16% and Underlying Volume Growth of 5%.
    • Growth was ahead of the market with more than 75% of the business winning market shares.
    • Profit After Tax (PAT) grew 12%
  • 9MFY23:
    • Turnover at Rs 43,516 crore grew 17%, adding over Rs 6,000 crore to the topline.
    • Underlying volume growth was 4%. Growth was significantly ahead of the market, both value and volume.
    • PAT and Earnings per share grew 14%.

Sanjiv Mehta, CEO and Managing Director commented: ‘Sustaining our strong momentum, we had yet another quarter of solid all-round performance delivering double-digit revenue and earnings growth. Our consistent performance is reflective of our strategic clarity, strength of our brands, excellence in execution, and dynamic financial management. I am excited about our foray into the fast evolving ‘Health and Wellbeing’ category through our strategic partnerships with OZiva and Wellbeing Nutrition. Our sustainable community development initiative ‘Prabhat’ turned 9 this year. Through Prabhat, we have made a positive difference to nearly 9 million people in the communities around our factories and depots.

Looking forward, we are cautiously optimistic in the near term and believe that the worst of inflation is behind us. This should aid in a gradual recovery of consumer demand. We remain focused on managing our business with agility, continue growing our consumer franchise whilst maintaining margins in a healthy range. We stay confident of the medium to long term potential of Indian FMCG sector and HUL’s ability to deliver a Consistent, Competitive, Profitable and Responsible growth.‘

 

Result PDF

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