HUL Q2FY27 Results: Sales Growth Hits 14-Quarter High, Margins Shrink; Dividend Announced

Hindustan Unilever reported its September quarter results this morning where the company's sales grew at their fastest pace in more than three years. The stock however still struggled on Wednesday, with HUL shares falling to an intraday low of Rs. 1,765. The stock recovered some ground after the early dip, but it stayed in the red through the morning. At the time of writing, they were trading at Rs. 1,803, down 0.81%.

Sales Growth at a 14-Quarter High

HUL reported turnover of Rs. 18,071 crore for the quarter ended September 30, 2026. Underlying sales growth (USG) came in at 15%, the highest in 14 quarters. Underlying volume growth (UVG) was 7%. For the first half of FY27, turnover stood at Rs. 35,255 crore, with USG of 12% and UVG of 6%.

HUL Profit For this quarter

Reported profit after tax was Rs. 2,796 crore, almost unchanged from Rs. 2,791 crore a year ago. If we remove the exceptional items the numbers improve. PAT before exceptional items rose 9% YoY to Rs. 2,795 crore from Rs. 2,553 crore.
EBITDA grew 8% YoY to Rs. 4,089 crore, but EBITDA margin slipped to 22.6%, down 140 basis points from a year ago.
The company says input costs stayed elevated, and the cost lines in the filing back that up. Purchases of stock-in-trade jumped to Rs. 3,654 crore from Rs. 2,257 crore a year ago.

HUL Segments-Wise Numbers

Home Care was the star of sales. Revenue rose 21.4% YoY to Rs. 6,878 crore, with USG of 22% and double-digit volume growth across fabric wash and household care. However, the segment profit grew just 2.6% to Rs. 1,111 crore, so the margin thinned out to about 16%.

Beauty & Wellbeing was the healthiest segment. Revenue rose 15.7% to Rs. 4,319 crore and segment profit grew 16.4% to Rs. 1,235 crore, led by hair care and premium skin care. Minimalist also accelerated, though OZiva stayed subdued.
Foods delivered 9% USG, with revenue up 8.5% to Rs. 3,849 crore and profit up 15.7% to Rs. 834 crore.
The Personal Care segment was the weakest. Revenue rose 7.9% to Rs. 2,617 crore, but volumes were flat and segment profit fell about 9% to Rs. 449 crore.

Dividend and Outlook

The board declared an interim dividend of Rs. 19 per share for FY27. The record date is November 12, and the payout will be made on November 25.