HINDUNILVR
Hindustan Unilever Limited
India's largest FMCG company — Unilever's arm in home care, beauty and foods
Fast Moving Consumer Goods›Fast Moving Consumer Goods›Diversified FMCG›Diversified FMCG
hul.co.in(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹1893.80
Market cap
4,44,827 Cr
Stock P/E
29.7
P/B
9.13
Dividend yield
2.3%
ROE (FY26)
30.7%
ROCE (FY26)
37.9%
Operating margin (FY26)
21.3%
OCF / EBITDA (FY26)
73.1%
OCF / EBITDA (3Y)
86.1%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
HUL (Hindustan Unilever) makes and sells everyday home care, beauty and personal care, and foods and refreshment products to Indian households, and is part of the Unilever group.
Company snapshot
1stBy market cap
Ranked among 4 companies in Diversified FMCG.
Segment mix
Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.
Largest segment: 37.1% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Beauty & Wellbeing | 21.5% | 9,960 Cr | 3,139 Cr | — |
| Foods | 24.6% | 11,398 Cr | 2,181 Cr | — |
| Home Care | 37.1% | 17,154 Cr | 3,250 Cr | — |
| Others (includes Exports, Consignment, etc.) | 1.5% | 699 Cr | 128 Cr | — |
| Personal Care | 15.2% | 7,044 Cr | 1,214 Cr | — |
What we see
Positives
- ✓Net margin of 23.4% — the business keeps a healthy share of every rupee it earns.
4 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15,623 Cr | 15,567 Cr | 15,210 Cr | 15,707 Cr | 15,926 Cr | 15,818 Cr | 15,670 Cr | 16,514 Cr | 16,241 Cr | 16,441 Cr | 16,351 Cr | 17,341 Cr |
| Operating expenses (approx.) | 11,826 Cr | 11,901 Cr | 11,675 Cr | 11,963 Cr | 12,133 Cr | 12,123 Cr | 12,051 Cr | 12,796 Cr | 12,512 Cr | 12,653 Cr | 12,510 Cr | 13,394 Cr |
| EBITDA | 3,797 Cr | 3,666 Cr | 3,535 Cr | 3,744 Cr | 3,793 Cr | 3,695 Cr | 3,619 Cr | 3,718 Cr | 3,729 Cr | 3,788 Cr | 3,841 Cr | 3,947 Cr |
| OPM % | 24.3% | 23.5% | 23.2% | 23.8% | 23.8% | 23.4% | 23.1% | 22.5% | 23.0% | 23.0% | 23.5% | 22.8% |
| Other income | 183 Cr | 214 Cr | 231 Cr | 257 Cr | 219 Cr | 232 Cr | 309 Cr | 201 Cr | 147 Cr | 139 Cr | 264 Cr | 188 Cr |
| Interest | 88 Cr | 91 Cr | 105 Cr | 93 Cr | 110 Cr | 112 Cr | 80 Cr | 127 Cr | 129 Cr | 88 Cr | 76 Cr | 75 Cr |
| Depreciation | 297 Cr | 313 Cr | 320 Cr | 329 Cr | 338 Cr | 341 Cr | 347 Cr | 361 Cr | 358 Cr | 337 Cr | 348 Cr | 353 Cr |
| Profit before tax | 3,588 Cr | 3,445 Cr | 3,419 Cr | 3,529 Cr | 3,542 Cr | 3,982 Cr | 3,362 Cr | 3,303 Cr | 3,570 Cr | 7,359 Cr | 3,916 Cr | 3,632 Cr |
| Tax % | 25.9% | 27.2% | 25.1% | 26.0% | 26.7% | 24.9% | 26.4% | 16.2% | 24.5% | 10.3% | 23.5% | 26.2% |
| Net profit | 2,657 Cr | 2,508 Cr | 2,561 Cr | 2,612 Cr | 2,595 Cr | 2,989 Cr | 2,475 Cr | 2,768 Cr | 2,694 Cr | 6,603 Cr | 2,994 Cr | 2,680 Cr |
| EPS (₹) | ₹11.30 | ₹10.68 | ₹10.89 | ₹11.11 | ₹11.03 | ₹12.70 | ₹10.48 | ₹11.73 | ₹11.43 | ₹28.12 | ₹12.73 | ₹11.38 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 35,759 Cr | 36,238 Cr | 39,310 Cr | 39,783 Cr | 47,028 Cr | 52,446 Cr | 60,580 Cr | 61,896 Cr | 63,121 Cr | 64,468 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 29,419 Cr | 28,739 Cr | 30,430 Cr | 29,922 Cr | 35,402 Cr | 39,589 Cr | 46,431 Cr | 47,233 Cr | 48,270 Cr | 49,414 Cr | Sign in free for the trailing twelve months |
| EBITDA | 6,340 Cr | 7,499 Cr | 8,880 Cr | 9,861 Cr | 11,626 Cr | 12,857 Cr | 14,149 Cr | 14,663 Cr | 14,851 Cr | 15,054 Cr | Sign in free for the trailing twelve months |
| OPM % | 17.7% | 20.7% | 22.6% | 24.8% | 24.7% | 24.5% | 23.4% | 23.7% | 23.5% | 23.4% | Sign in free for the trailing twelve months |
| Other income | 369 Cr | 384 Cr | 550 Cr | 632 Cr | 410 Cr | 258 Cr | 512 Cr | 811 Cr | 1,017 Cr | 751 Cr | Sign in free for the trailing twelve months |
| Interest | 35 Cr | 26 Cr | 33 Cr | 118 Cr | 117 Cr | 106 Cr | 114 Cr | 334 Cr | 395 Cr | 410 Cr | Sign in free for the trailing twelve months |
| Depreciation | 432 Cr | 520 Cr | 565 Cr | 1,002 Cr | 1,074 Cr | 1,091 Cr | 1,137 Cr | 1,216 Cr | 1,355 Cr | 1,333 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 6,479 Cr | 7,306 Cr | 8,604 Cr | 9,167 Cr | 10,605 Cr | 11,877 Cr | 13,344 Cr | 13,926 Cr | 14,415 Cr | 18,148 Cr | Sign in free for the trailing twelve months |
| Tax % | 30.5% | 28.5% | 29.6% | 26.3% | 24.6% | 25.1% | 24.0% | 26.2% | 26.0% | 17.0% | Sign in free for the trailing twelve months |
| Net profit | 4,490 Cr | 5,227 Cr | 6,060 Cr | 6,756 Cr | 7,999 Cr | 8,892 Cr | 10,143 Cr | 10,282 Cr | 10,671 Cr | 15,059 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹20.68 | ₹24.09 | ₹27.97 | ₹31.17 | ₹34.03 | ₹37.79 | ₹43.07 | ₹43.74 | ₹45.32 | ₹64.01 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 110.2% | 84.6% | 83.5% | 91.6% | 116.9% | 67.2% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 216 Cr | 216 Cr | 216 Cr | 216 Cr | 235 Cr | 235 Cr | 235 Cr | 235 Cr | 235 Cr | 235 Cr |
| Reserves | 6,528 Cr | 7,065 Cr | 7,651 Cr | 8,013 Cr | 47,439 Cr | 48,826 Cr | 50,069 Cr | 50,983 Cr | 49,167 Cr | 48,504 Cr |
| Borrowings | 277 Cr | — | 99 Cr | — | — | — | 98 Cr | 13 Cr | 1,648 Cr | — |
| Other liabilities | 8,663 Cr | 10,561 Cr | 10,645 Cr | 11,907 Cr | 21,063 Cr | 21,430 Cr | 22,467 Cr | 27,063 Cr | 28,623 Cr | 30,744 Cr |
| Total liabilities | 15,706 Cr | 17,862 Cr | 18,629 Cr | 20,153 Cr | 68,757 Cr | 70,517 Cr | 73,087 Cr | 78,499 Cr | 79,880 Cr | 79,752 Cr |
| Fixed assets (net) | 3,968 Cr | 4,080 Cr | 4,192 Cr | 4,960 Cr | 6,116 Cr | 6,169 Cr | 6,949 Cr | 8,031 Cr | 8,625 Cr | 8,182 Cr |
| CWIP | 229 Cr | 461 Cr | 406 Cr | 597 Cr | 745 Cr | 1,313 Cr | 1,132 Cr | 1,025 Cr | 1,009 Cr | 880 Cr |
| Investments | 3,794 Cr | 2,873 Cr | 2,716 Cr | 1,255 Cr | 2,709 Cr | 3,521 Cr | 2,882 Cr | 4,625 Cr | 3,810 Cr | 4,359 Cr |
| Loans & advances | — | — | 4 Cr | 0 Cr | 0 Cr | 35 Cr | 36 Cr | 38 Cr | 46 Cr | 50 Cr |
| Inventories | 2,541 Cr | 2,513 Cr | 2,574 Cr | 2,767 Cr | 3,579 Cr | 4,096 Cr | 4,251 Cr | 4,022 Cr | 4,415 Cr | 4,789 Cr |
| Trade receivables | 1,085 Cr | 1,310 Cr | 1,816 Cr | 1,149 Cr | 1,758 Cr | 2,236 Cr | 3,079 Cr | 2,997 Cr | 3,819 Cr | 3,379 Cr |
| Cash & bank | 628 Cr | 649 Cr | 621 Cr | 3,216 Cr | 1,842 Cr | 1,147 Cr | 714 Cr | 825 Cr | 6,071 Cr | 2,583 Cr |
| Other assets | 3,461 Cr | 5,976 Cr | 6,300 Cr | 6,209 Cr | 52,008 Cr | 52,000 Cr | 54,044 Cr | 56,936 Cr | 52,085 Cr | 55,530 Cr |
| Total assets | 15,706 Cr | 17,862 Cr | 18,629 Cr | 20,153 Cr | 68,757 Cr | 70,517 Cr | 73,087 Cr | 78,499 Cr | 79,880 Cr | 79,752 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 5,185 Cr | 6,064 Cr | 5,800 Cr | 7,623 Cr | 9,163 Cr | 9,048 Cr | 9,991 Cr | 15,469 Cr | 11,886 Cr | 10,999 Cr |
| Cash from investing | -1,173 Cr | -1,068 Cr | -438 Cr | 1,791 Cr | -1,528 Cr | -1,728 Cr | -1,494 Cr | -5,324 Cr | 6,473 Cr | -3,684 Cr |
| Cash from financing | -4,214 Cr | -4,975 Cr | -5,390 Cr | -6,819 Cr | -9,309 Cr | -8,015 Cr | -8,953 Cr | -10,034 Cr | -13,101 Cr | -10,810 Cr |
| Net cash flow | -202 Cr | 21 Cr | -28 Cr | 2,595 Cr | -1,674 Cr | -695 Cr | -456 Cr | 111 Cr | 5,258 Cr | -3,495 Cr |
| Free cash flow (OCF − Capex) | 3,724 Cr | 5,169 Cr | 5,033 Cr | 6,761 Cr | 5,000 Cr | 7,820 Cr | 8,799 Cr | 13,992 Cr | 10,632 Cr | 9,638 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 92.5% | 100.4% | 108.2% | 112.6% | 22.5% | 24.4% | 26.6% | 27.7% | 28.9% | 37.9% |
| ROE % | 66.2% | 71.6% | 76.8% | 81.8% | 16.8% | 18.1% | 20.0% | 20.0% | 21.5% | 30.7% |
| Debtor days | 11 | 13 | 17 | 11 | 14 | 16 | 19 | 18 | 22 | 19 |
| Inventory days | 77 | 71 | 68 | 84 | 84 | 91 | 77 | 76 | 83 | 83 |
| Days payable | 188 | 202 | 191 | 230 | 208 | 201 | 172 | 199 | 212 | 231 |
| Cash conversion cycle | -100 | -118 | -106 | -135 | -110 | -95 | -77 | -105 | -107 | -129 |
| OCF / EBITDA % | 81.8% | 80.9% | 65.3% | 77.3% | 78.8% | 70.4% | 70.6% | 105.5% | 80.0% | 73.1% |
| OCF / EBITDA % (3 years) | — | — | 75.0% | 74.3% | 74.4% | 75.2% | 73.0% | 82.8% | 85.5% | 86.1% |
| Debt / equity | 0.04 | — | 0.01 | — | — | — | 0.0019 | 0.0003 | 0.03 | — |
| Current ratio | — | — | 1.37 | 1.32 | 1.28 | 1.37 | 1.41 | 1.66 | 1.33 | 1.22 |
| Net debt / EBITDA | -0.06 | — | -0.06 | -0.33 | -0.16 | -0.09 | -0.04 | -0.06 | -0.30 | -0.17 |