Results for the quarter ended 31st December 2025

Revenue Growth 6%, Underlying Volume Growth 4%, EBITDA Growth 3%

Hindustan Unilever Limited announced its results for the quarter ended 31st December 2025.

HUL reported a consolidated Revenue growth of 6%, in DQ’25. With a Turnover of Rs. 16,235 crores, HUL delivered 5% Underlying Sales Growth^[a] (USG) led by 4% Underlying Volume Growth^[b] (UVG). EBITDA at Rs. 3,788 crores grew 3% year-on-year while EBITDA margin at 23.3% remained within the guided range. Reported Profit After Tax at Rs. 6,603 crores grew by 121% year-on-year primarily driven by one-off positive impact arising from Ice Cream demerger accounted for in accordance with the approved scheme of demerger and applicable accounting standards. Excluding exceptional items, Profit After Tax (PAT bei^[c]) at Rs. 2,562 crores grew by 1%.

Home Care: Further strengthened leadership position and achieved highest ever market share

Home Care reported 3% USG with mid-single digit UVG. The category continued to witness negative price impact due to pricing actions taken during the year. Fabric Wash delivered mid-single digit UVG. Liquids portfolio accelerated its growth momentum and grew double-digit. Household Care strengthened its double-digit UVG trend led by Vim liquid. During the quarter, we intensified our market‑development efforts to drive penetration and consumer upgradation to premium powders by sharpening focus on the ₹99 Surf excel Easy Wash pack.

Beauty & Wellbeing: Outperformance in Hair Care and Health & Wellbeing

Beauty & Wellbeing delivered 6% USG with low-single digit UVG. Hair Care reported volume-led double-digit growth and continued to strengthen its leadership position in the quarter. Growth was driven by outperformance in premium brands, Dove and TRESemmé. Skin Care and Colour Cosmetics saw a strong performance in light moisturisers and winter portfolio offset by subdued performance in the non-winter portfolio. The category maintained its strong double-digit growth momentum in Channels of the Future and continued to gain market shares. Health & Wellbeing recorded another quarter of robust performance, with high double-digit growth. This quarter, we continued to build desire at scale through the launch of TRESemmé Hydra Matrix, powered by category‑defining hydration technology. Further, Minimalist expanded its skin and face portfolio with science-backed toners and serums for barrier support and advanced anti-ageing results, respectively.

Personal Care: Double-digit growth in Premium Skin Cleansing and Oral Care

Personal Care grew 6%. Skin Cleansing delivered mid-single digit growth, driven by strong double-digit growth in Pears and Dove. Bodywash portfolio continued to outperform and further strengthened its market leadership. Oral Care posted double-digit growth led by outperformance in Closeup. During the quarter we further expanded our freshness portfolio in Oral Care with Close Up Intense Cool. Its Zinc and cooling beads formula provides consumers with an instant burst of intense cooling and long-lasting freshness.

Foods: High-single digit UVG, broad-based across categories

Foods delivered 6% USG led by high-single digit UVG. Tea delivered mid-single digit UVG, while revenue recorded low-single digit growth, reflecting the impact of price reductions taken in a deflationary commodity environment. Coffee continued its strong double-digit growth momentum supported by both price and volume. Lifestyle Nutrition grew in high-single digit driven by both Boost and Horlicks. Packaged Foods reported high-single digit growth led by volumes. The performance was broad-based across Ketchup, Mayonnaise, Soups and Unilever Foods Solutions. During the quarter, we extended our Kissan masterbrand into new demand spaces with the introduction of the Great Indian Chutneys range, inspired by flavours from across India. We further enhanced Horlicks’ desirability by introducing Horlicks Superfoods, enriched with superfood ingredients and powered by Nutrimax technology for superior nutrient‑absorption, while also introducing a zero added sugar variant.

Priya Nair, CEO and Managing Director, commented: “During the quarter, demand trends reflected early signs of recovery, underpinned by supportive policy measures. Against this backdrop, we delivered a competitive performance, with 6% Revenue Growth and 4% Underlying Volume Growth. We continued to build desirability at scale with our brands, accelerate market development in high-growth demand spaces and strengthen our capabilities to scale Channels of the Future with a dedicated organisation for Quick commerce. As market leaders in FMCG, our commitment to build modern brands, lead category creation and invest disproportionately to build future moats, places us in good stead to deliver sustained volume-led growth and create long-term shareholder value.”