Hindustan Unilever Ltd logo

Hindustan Unilever Ltd

HINDUNILVR NSE

Key Fundamentals

LargecapDiversified FMCGFMCG
Market Cap
4.8L Cr
Volatility
Moderate
P/E Ratio
32.05
EBITDA
₹15,805 Cr
Return on Equity
21.74%
Debt to Equity
0.03
Book Value
₹207.44
EPS
₹43.99
52W High
₹2,705.09
52W Low
₹2,016

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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49 extracted metrics + investor summaries across FY09–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 92.4%

Weaknesses

3
  • Stock is trading at 9.91 times its book value
  • The company has delivered a poor sales growth of 6.51% over past five years.
  • Earnings include an other income of Rs.4,933 Cr.

Growth Rate

Revenue Growth
1.69% ↘
Net Income Growth
-0.18% ↗
Cash Flow Change
-7.46% ↘
ROE
1.07% ↗
ROCE
-5.26% ↗
EBITDA Margin (Avg.)
-2.06% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 4d ago
AI opinion · based on fundamentals
Risk medium

Hindustan Unilever Ltd commands a market cap of ₹4,83,687 Cr with a PE of 32.3x and dividend yield of 1.99%. The company is nearly debt-free with a last-year ROE of 31%, but top-line growth has been sluggish at 2% CAGR over 3 years and the stock has declined 14% over the past year.

Bull Case 7
  • Company is almost debt-free, providing significant financial flexibility and resilience during economic downturns
  • ROE of 31% in the last year demonstrates strong capital efficiency, well above the 5-year average of 22%
  • Consistent dividend payout of 92.4% with a current yield of 1.99%, offering reliable income to shareholders
  • Compounded profit growth of 14% over 10 years shows sustained long-term earnings compounding ability
  • 10-year stock CAGR of 9% reflects long-term wealth creation despite recent weakness
  • TTM profit growth of 4% remains positive even in a period of muted revenue expansion, indicating margin management discipline
  • 5-year compounded profit growth of 13% has significantly outpaced 5-year sales growth of 7%, reflecting operating leverage and cost control
Bear Case 8
  • Stock is trading at 9.95x book value, a steep premium that leaves limited margin of safety
  • 3-year compounded sales growth of just 2% signals persistent demand weakness in core FMCG categories
  • Stock has declined 14% over the past 1 year, underperforming broader market indices significantly
  • Earnings include other income of ₹4,933 Cr, raising questions about the quality and sustainability of reported profits
  • 5-year stock CAGR of -2% indicates prolonged shareholder value erosion on a medium-term basis
  • PE of 32.3x is expensive relative to the modest TTM sales growth of 6%, implying stretched valuations
  • 5-year sales growth of approximately 6.5-7% barely keeps pace with nominal GDP growth, suggesting market share stagnation
  • 3-year stock CAGR of -5% indicates sustained de-rating by the market despite profit growth of 14% over the same period

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Headwinds 2
  • PAT dips on one-off tax base Jul 28

    Q1FY26 PAT declined 2% YoY due to a prior-year tax credit in the base, masking otherwise solid operational performance.

  • Commodity inflation pressuring margins Aug 4

    EBITDA margin held flat at 23% in Q1FY27 despite commodity inflation, suggesting limited room for margin expansion if input costs persist.

Positives 2
  • Q1FY27 revenue up 10% Aug 4

    HUL reported 10% underlying sales growth in Q1FY27 driven by both volume and price, with PAT rising 11% adjusted for one-offs.

  • Q1FY26 highest growth in 13 quarters Jul 28

    Hindustan Unilever posted 10% USG and ₹17,184 crore turnover in Q1FY26, with EBITDA growing 8% to ₹3,947 crore — the strongest top-line growth in 13 quarters.

Neutral 2
  • Capital Markets Day on Sep 4 Jul 28

    HUL will host its Capital Markets Day 2026 on September 4, 2026, to update institutional investors on strategic direction.

  • Q1FY27 earnings call scheduled Jul 22

    Hindustan Unilever scheduled its Q1FY27 earnings conference call for July 28, 2026, with details available on the company website.

TL;DR: HUL is delivering consistent double-digit underlying sales growth across consecutive quarters, with volume and price both contributing. Margins are holding at 23% but face commodity headwinds, and PAT comparisons are distorted by prior-year tax one-offs. The growth trajectory is clearly improving, with Q1FY26 marking a 13-quarter high. Key watch item is whether margin expansion resumes once input cost pressures ease.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
15,496
15,623
15,567
15,210
15,707
15,926
15,556
15,190
15,757
15,919
16,441
16,351
17,341
Expenses
11,832
11,828
11,902
11,675
11,965
12,139
11,867
11,572
12,118
12,137
12,660
12,514
13,394
Operating Profit
3,664
3,795
3,665
3,535
3,742
3,787
3,689
3,618
3,639
3,782
3,781
3,837
3,947
OPM %
24%
24%
24%
23%
24%
24%
24%
24%
23%
24%
23%
23%
23%
Other Income
146
178
184
309
209
203
733
149
103
269
4,048
503
113
Interest
50
88
91
105
93
110
109
77
122
124
88
76
75
Depreciation
286
297
313
320
329
338
318
318
326
322
337
348
353
PBT
3,474
3,588
3,445
3,419
3,529
3,542
3,995
3,372
3,294
3,605
7,404
3,916
3,632
Tax %
26%
26%
27%
25%
26%
27%
25%
27%
16%
25%
11%
24%
26%
Net Profit
2,556
2,657
2,508
2,561
2,612
2,595
2,989
2,475
2,768
2,694
6,603
2,994
2,680
EPS in Rs
10.87
11.3
10.68
10.89
11.11
11.03
12.7
10.49
11.73
11.43
28.12
12.73
11.38
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
31,972
32,186
33,162
35,545
39,310
39,783
47,028
52,446
60,580
61,896
61,328
64,468
66,052
Expenses
26,560
26,276
26,834
28,046
30,430
29,922
35,402
39,589
46,433
47,237
46,630
49,429
50,705
Operating Profit
5,412
5,910
6,328
7,499
8,880
9,861
11,626
12,857
14,147
14,659
14,698
15,039
15,347
OPM %
17%
18%
19%
21%
23%
25%
25%
25%
23%
24%
24%
23%
23%
Other Income
1,247
486
606
353
322
424
170
219
448
817
1,355
4,923
4,933
Interest
18
17
35
26
33
118
117
106
114
334
381
410
363
Depreciation
322
353
432
520
565
1,002
1,074
1,091
1,137
1,216
1,253
1,333
1,360
PBT
6,320
6,026
6,467
7,306
8,604
9,165
10,605
11,879
13,344
13,926
14,419
18,219
18,557
Tax %
31%
31%
31%
28%
30%
26%
25%
25%
24%
26%
26%
17%
—
Net Profit
4,376
4,151
4,490
5,227
6,060
6,756
7,999
8,892
10,143
10,282
10,671
15,059
14,971
EPS in Rs
20.17
19.18
20.68
24.09
27.97
31.17
34.03
37.79
43.07
43.74
45.32
64.01
63.66
Div. Payout %
74%
83%
82%
83%
78%
80%
119%
90%
91%
96%
117%
64%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
216
216
216
216
216
216
235
235
235
235
235
235
Reserves
3,811
6,357
6,528
7,065
7,651
8,013
47,439
48,826
50,069
50,983
49,167
48,504
Borrowings
43
177
277
0
99
0
0
1,043
1,219
1,484
1,648
1,478
Other Liabilities
10,359
8,043
8,685
10,581
10,663
11,924
21,066
20,402
21,554
25,787
28,813
29,521
Total Liabilities
14,430
14,793
15,706
17,862
18,629
20,153
68,740
70,506
73,077
78,489
79,863
79,738
Fixed Assets
2,821
3,258
4,419
4,528
4,715
5,479
51,443
51,473
52,678
53,744
54,335
57,428
CWIP
516
408
229
461
406
597
745
1,313
1,132
1,025
1,009
880
Investments
3,025
2,592
3,794
2,873
2,716
1,255
2,709
3,521
2,882
4,625
3,810
4,359
Other Assets
8,067
8,535
7,264
10,000
10,792
12,822
13,843
14,199
16,385
19,095
20,709
17,071
Total Assets
14,430
14,793
15,706
17,862
18,629
20,153
68,740
70,506
73,077
78,489
79,863
79,738
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3,292
4,171
5,185
6,059
5,800
7,623
9,163
9,048
9,991
15,469
11,886
10,999
Investing
138
-282
-1,173
-1,063
-438
1,791
-1,228
-1,728
-1,484
-5,324
6,473
-3,676
Financing
-3,462
-3,864
-4,214
-4,975
-5,390
-6,819
-9,309
-8,015
-8,953
-10,034
-13,101
-10,810
Net Cash Flow
-33
25
-202
21
-28
2,595
-1,374
-695
-446
111
5,258
-3,487
Free Cash Flow
3,246
3,460
4,248
5,196
5,046
6,813
5,097
7,995
8,980
14,012
10,624
9,667
CFO/OP
95
100
111
111
96
103
100
92
93
108
96
105
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
12
14
12
13
17
11
14
16
19
18
23
19
Inventory Days
77
75
67
65
59
65
66
65
55
55
61
61
Days Payable
148
156
164
185
166
176
163
145
123
143
156
169
Cash Conversion Cycle
-60
-67
-85
-107
-90
-101
-83
-64
-50
-70
-72
-89
Working Capital Days
-53
-26
-35
-37
-30
-31
-32
-22
-15
-22
-34
-23
ROCE %
139%
112%
91%
103%
116%
117%
39%
25%
27%
27%
28%
28%

Shareholding Pattern

As of Jun 2026
Promoters 61.90%
DIIs 16.99%
Public 9.93%
FIIs 9.50%
Others 1.67%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
61.90%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
14.04%
14.33%
14.36%
14.48%
13.90%
13.65%
12.67%
11.87%
12.18%
11.43%
10.62%
10.18%
10.79%
10.71%
10.10%
9.50%
DIIs
7.56%
7.59%
7.40%
8.57%
9.29%
9.66%
11.76%
11.56%
11.58%
11.55%
11.97%
12.38%
13.27%
14.16%
14.18%
14.73%
15.54%
16.07%
15.69%
15.75%
16.40%
16.99%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
11.19%
11.12%
11.02%
11.34%
11.58%
11.36%
10.89%
10.82%
10.77%
10.68%
10.79%
10.62%
10.69%
10.61%
10.18%
10.34%
10.31%
10.23%
10.01%
10.01%
9.93%
9.93%
Others
19.35%
19.39%
19.69%
18.18%
17.23%
17.08%
1.40%
1.40%
1.38%
1.39%
1.44%
1.45%
1.47%
1.46%
1.56%
1.60%
1.62%
1.62%
1.62%
1.63%
1.67%
1.67%
No. of Shareholders
7,69,663
7,95,448
8,25,666
11,37,500
13,61,510
12,75,550
11,39,750
11,18,430
11,27,980
10,96,270
11,76,410
11,32,960
12,05,420
12,10,990
11,05,250
12,18,000
12,33,440
11,67,940
10,95,450
11,12,710
11,06,830
11,15,510

Documents

1
Concall - May 2017 May 2017
2
Concall - Jun 2017 Jun 2017
3
Concall - Jun 2017 Jun 2017
4
Concall - Sep 2017 Sep 2017
5
Concall - Sep 2017 Sep 2017

Frequently Asked Questions about Hindustan Unilever Ltd

What does Hindustan Unilever Ltd do?
Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments. The Company has manufacturing facilities across the country and sells primarily in India.[1]
Where is Hindustan Unilever Ltd (HINDUNILVR) listed?
Hindustan Unilever Ltd is listed on the Indian stock exchanges. It is listed on NSE: HINDUNILVR and BSE: 500696. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Hindustan Unilever Ltd belong to?
Hindustan Unilever Ltd operates in the FMCG sector within the Diversified FMCG industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Hindustan Unilever Ltd?
Hindustan Unilever Ltd has a market capitalisation of approximately ₹481008.32 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Hindustan Unilever Ltd?
The Price-to-Earnings (PE) ratio of Hindustan Unilever Ltd is 32.05. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Hindustan Unilever Ltd?
Over the past 52 weeks, Hindustan Unilever Ltd has traded between a low of ₹2,016 and a high of ₹2,705.09. This range helps investors understand the stock's price volatility and recent trading levels.
Does Hindustan Unilever Ltd pay dividends?
Yes, Hindustan Unilever Ltd has a dividend yield of 2.00%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Hindustan Unilever Ltd?
Hindustan Unilever Ltd has a Return on Equity (ROE) of 21.74%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Hindustan Unilever Ltd on Tapetide?
On Tapetide, you can view Hindustan Unilever Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments. The Company has manufacturing facilities across the country and sells primarily in India.[1]

Website hul.co.in
CEO Mr. Bittianda Ponnappa Biddappa
Employees 18,802
Listed 1995-07-06
Face Value ₹ 1
Issued Size 2,34,95,91,262

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