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Results for the quarter ended 30th September 2026

Published:

Average read time: 4 minutes

Underlying Sales Growth 15%, Underlying Volume Growth 7%, PAT (bei) Growth 9%

Vaseline Deep Moisture lotion bottle beside a golden serum droplet and clear bubbles.

Hindustan Unilever Limited announced its results for the quarter ended 30th September 2026.

Key highlights:

  • Delivered Turnover of ₹ 18,071 crores with USG[a] of 15%. Underlying Volume Growth[b] was strong at 7%.
  • This marks our highest Underlying Sales Growth in the last 14 quarters.
  • EBITDA grew 8% year-on-year to ₹ 4,089 crores. EBITDA Margin at 22.6% was within the guided range.
  • Profit After Tax before exceptional items grew 9% year-on-year reflecting our focus on competitive, volume-led profit growth. Reported Profit After Tax at ₹ 2,796 crores was flat due to one-off tax related gains of ₹ 273 crores in exceptional items in base period.
  • First half recorded Turnover of ₹ 35,255 crores with USG of 12% and UVG of 6%. EBITDA grew by 8% while PAT (bei)[c] grew by 9% year-on-year.
  • The Board of Directors declared an interim dividend of ₹ 19 per share for financial year ending 31st March 2027.

September Quarter segment highlights:

Home Care | Delivered 22% USG, led by double-digit UVG. Competitive, broad-based growth across formats

Home Care delivered a strong performance with 22% USG driven by double-digit UVG. Both Fabric Wash and Household Care delivered double-digit, broad-based growth across brands and formats. Liquids continued robust double-digit growth trajectory. Focused market development and calibrated pricing actions boosted penetration and supported volume resilience. Premiumisation in powders through Surf excel Easy Wash Rs. 99 pack continued to scale well. Consistent strong growth resulted in further strengthening of our market leadership. During the quarter, Surf excel and Rin liquids enhanced their propositions to cater to emerging consumer needs.

Beauty & Wellbeing | Recorded 16% USG driven by double-digit UVG. Premium Skin Care and Hair Care continued to outperform

Beauty & Wellbeing continued to step-up performance delivering 16% USG, driven by double-digit UVG. Hair Care accelerated its double-digit, volume-led growth trajectory. Performance was broad-based across formats with Premium Hair Care and innovations continuing to outperform. Skin Care and Colour Cosmetics delivered double-digit, volume-led growth. Premium Skin Care sustained its growth trajectory driven by double-digit growth in organised trade. During the quarter, we expanded portfolio of Simple with new Barrier Repair Range and relaunched Vaseline body lotion with upgraded packaging and proposition. Further, we launched premium Body Serum lotions under Dove and expanded Minimalist range in Skin Care and Hair Care, strengthening our presence in evolving consumer demand spaces.

Personal Care | Reported 9% USG, driven by double-digit USG in Skin Cleansing

Personal Care delivered 9% USG. Skin Cleansing delivered double-digit USG. Focused market development actions in Pears and Dove Bars supported delivery of double-digit, volume-led growth. Bodywash continued to strengthen penetration and market leadership through step-up in sampling initiatives and in-store activations. Oral Care delivered low-single digit USG driven by premium innovations which continued to scale well. During the quarter, Lux Bar was relaunched with contemporary packaging, enhancing appeal and reinforcing brand’s beauty positioning.

Foods | Achieved 9% USG, led by double-digit USG in Lifestyle Nutrition and Packaged Foods

Foods delivered 9% USG with low-single digit UVG. Lifestyle Nutrition accelerated its double-digit growth momentum with continued focus on execution and market development. Horlicks Biscuits and Ready-To-Drink format continued to scale well. Packaged Foods delivered double-digit, broad-based growth. Coffee delivered high-single digit growth driven by volumes. Premium tea innovations continued to scale well. During the quarter, Horlicks expanded into high-growth protein segment with the launch of Horlicks protein powder, while Kissan Condiments refreshed its proposition alongside contemporary packaging.

Priya Nair, CEO and Managing Director, HUL, commented, “In September quarter, we delivered 15% Underlying Sales Growth, our highest in the last 14 quarters, with Turnover of ₹ 18,071 crores. Underlying Volume Growth was strong at 7% reflecting sustained momentum driven by our focus on crafting desirable brands and strengthening future-fit Go-to-Market. Indian economy remains resilient, with healthy macro indicators supporting a positive consumption environment. We continue to invest in building long-term capabilities and remain anchored to the ‘Winning in New India’ strategy of delivering competitive, volume-led profit growth.”

[a]

Underlying Sales Growth (USG) refers to the increase in turnover for the period, excluding any change in turnover resulting from acquisitions and disposals

[b]

Underlying Volume Growth (UVG) refers to volume growth including the impact of mix of turnover realisation of products sold

[c]

PAT (bei): Profit After Tax before exceptional item

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