HUL Shines in Q4FY26: Highest Growth in 12 Quarters; Revenue Up 8%, PAT Jumps 20%, Margins Under Pressure

Hindustan Unilever Limited (HUL) closed the financial year FY26 on a high note, clocking its strongest quarterly performance in three years. The consumer goods giant reported an 8% rise in consolidated revenue for the March quarter of FY26, its best showing in 12 quarters even as rising input costs and a weakening rupee cast a shadow on profitability ahead.

Hindustan Unilever Limited Q4FY26 Earnings Report

For the quarter ended 31st March 2026, HUL posted a consolidated turnover of Rs. 16,207 crore, up 8.39% from Rs. 14,955 crore in the same period last year. Underlying Sales Growth (USG) came in at 7%, due to Underlying Volume Growth (UVG) of 6%, a signal that the demand environment is holding up, and that consumers are buying more, not just paying more.

EBITDA grew 6% YoY to Rs. 3,841 crore, though the margin slipped 50 basis points to 23.7%. Profit After Tax before exceptional items (PAT bei) rose 4% to Rs. 2,711 crore. Reported PAT jumped 20% to Rs 3,002 crore, boosted by proceeds from the divestment of HUL's stake in Nutritionalab Private Limited, the joint venture behind the OZiva brand.

HUL Reports Sharp Surge In Volume: All four core segments contributed to the topline

What makes this quarter particularly important is the nature of the growth. A 6% volume expansion is the main reason behind the sustainable FMCG growth.

Home Care was the star performer, delivering 9% Underlying Sales Growth its highest in 11 quarters. HUL's liquids portfolio, including Rin, Surf Excel Matic, continued to scale. The Household Care sub-segment, anchored by Vim liquid, also posted double-digit volume growth. Home Care contributes 37% of HUL's total consolidated revenue and brought in Rs. 6,344 crore for the quarter at a 19% EBIT margin.

Beauty & Wellbeing reported 8% USG with Rs. 3,698 crore in revenue and a strong 29% segment margin the highest across all divisions. Hair Care was the standout, recording strong double-digit growth across brands like Dove and Sunsilk. During FY26, both Vaseline and Sunsilk crossed the Rs. 1,000 crore annual turnover milestone, taking HUL's total number of billion-rupee brands to 20. Premium skin care also held its own, though mass skin care remained subdued.

Foods delivered 5% USG with high-single-digit volume growth, Rs. 3,566 crore in revenue at a 20% margin.
Personal Care grew 5% in sales terms to Rs. 2,229 crore, though volume saw a low-single-digit decline

HUL Full Year Earnings

For the full financial year ended 31st March 2026, HUL's consolidated turnover grew 5% to Rs. 63,763 crore from Rs. 60,573 crore in FY25. USG for the year came in at 5%,all due to 4% volume growth, a meaningful acceleration from the 2% USG recorded in FY25.

EBITDA for the year was Rs. 15,054 crore, growing 2% year-on-year. However, EBITDA margins compressed by 70 basis points to 23.6%.

Profit After Tax from continuing operations was broadly flat at Rs. 10,652 crore, compared with Rs. 10,680 crore last year.

Dividend Announcement

The Board recommended a final dividend of Rs. 22 per share, taking the total FY26 dividend to Rs. 41 per share, considering the Rs. 19 interim dividend announced earlier. The record date for the final dividend has been fixed as 23rd June 2026. Total dividend payout for the year amounts to Rs. 9,633 crore.

HUL Share Price Today

Post the announcement of results, HUL shares were trading at Rs. 2,227.30 a piece on the NSE, down by 3.76%. So far this week, the stock has fallen 6.19%