Hindustan Unilever (HINDUNILVR)₹1,990−0.34%Diversified FMCG
In the Sep 2026 quarter (consolidated), Hindustan Unilever reported sales of ₹18,217 Cr, up 14.5% from Sep 2025, and net profit of ₹2,798 Cr, up 3.9% year on year. For the year to Mar 2026, sales were ₹64,426 Cr and net profit ₹15,048 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15,561 | 15,188 | 15,685 | 15,904 | 15,535 | 15,187 | 15,756 | 15,911 | 16,426 | 16,340 | 17,335 | 18,217 |
| Expenses | 11,865 | 11,637 | 11,938 | 12,101 | 11,838 | 11,531 | 12,085 | 12,097 | 12,629 | 12,487 | 13,351 | 14,089 |
| Operating Profit | 3,668 | 3,541 | 3,746 | 3,795 | 3,695 | 3,620 | 3,646 | 3,785 | 3,786 | 3,842 | 3,949 | 4,096 |
| OPM % | 24.0% | 23.0% | 24.0% | 24.0% | 24.0% | 24.0% | 23.0% | 24.0% | 23.0% | 23.0% | 23.0% | 22.0% |
| Other Income | 183 | 308 | 208 | 202 | 731 | 149 | 103 | 268 | 4,037 | 501 | 113 | 162 |
| Interest | 91.20 | 105 | 93.23 | 110 | 109 | 77.24 | 122 | 124 | 88.22 | 76.26 | 75.24 | 74.26 |
| Depreciation | 313 | 320 | 329 | 339 | 318 | 318 | 326 | 322 | 337 | 348 | 353 | 363 |
| Profit before tax | 3,453 | 3,425 | 3,534 | 3,548 | 4,004 | 3,380 | 3,301 | 3,610 | 7,424 | 3,926 | 3,637 | 3,821 |
| Tax % | 27.1% | 25.1% | 26.1% | 27.1% | 25.1% | 27.1% | 16.1% | 25.1% | 11.1% | 24.1% | 26.1% | 27.1% |
| Exceptional items | −22.10 | 58.20 | −36.16 | −12.04 | 367 | −126 | −78.36 | 68.30 | 3,753 | 182 | −55.23 | 1.01 |
| Net Profit | 2,509 | 2,559 | 2,614 | 2,594 | 2,988 | 2,475 | 2,769 | 2,693 | 6,602 | 2,992 | 2,681 | 2,798 |
| EPS (Rs) | 10.65 | 10.86 | 11.08 | 11.02 | 12.68 | 10.47 | 11.71 | 11.41 | 28.07 | 12.71 | 11.36 | 11.85 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32,178 | 33,154 | 35,546 | 39,314 | 39,777 | 47,033 | 52,422 | 60,580 | 61,808 | 61,315 | 64,426 | 68,319 |
| Expenses | 26,184 | 26,775 | 27,961 | 30,365 | 29,843 | 35,275 | 39,487 | 46,273 | 47,082 | 46,465 | 49,321 | 52,556 |
| Operating Profit | 5,914 | 6,340 | 7,508 | 8,885 | 9,876 | 11,632 | 12,879 | 14,171 | 14,684 | 14,706 | 15,060 | 15,674 |
| OPM % | 18.0% | 19.0% | 21.0% | 23.0% | 25.0% | 25.0% | 25.0% | 23.0% | 24.0% | 24.0% | 23.0% | 22.9% |
| Other Income | 484 | 604 | 352 | 321 | 423 | 170 | 218 | 447 | 814 | 1,351 | 4,907 | 4,812 |
| Interest | 17.05 | 35.07 | 26.08 | 33.11 | 118 | 117 | 106 | 114 | 335 | 382 | 411 | 314 |
| Depreciation | 353 | 433 | 521 | 565 | 1,004 | 1,075 | 1,091 | 1,139 | 1,216 | 1,254 | 1,334 | 1,402 |
| Profit before tax | 6,038 | 6,476 | 7,325 | 8,620 | 9,187 | 10,624 | 11,897 | 13,368 | 13,952 | 14,454 | 18,264 | 18,807 |
| Tax % | 31.1% | 31.1% | 28.1% | 30.1% | 26.1% | 25.1% | 25.1% | 24.1% | 26.1% | 26.1% | 17.1% | — |
| Exceptional items | −26.09 | 169 | −16.07 | −154 | −144 | −178 | −33.12 | −49.17 | 4.01 | 256 | −188 | 3,880 |
| Net Profit | 4,148 | 4,493 | 5,226 | 6,062 | 6,760 | 8,004 | 8,887 | 10,149 | 10,276 | 10,671 | 15,048 | 15,073 |
| EPS (Rs) | 19.15 | 20.65 | 24.06 | 27.91 | 31.13 | 33.98 | 37.70 | 42.99 | 43.63 | 45.22 | 63.91 | 63.99 |
| Dividend payout % | 83.0% | 82.0% | 83.0% | 78.0% | 80.0% | 119.0% | 90.0% | 91.0% | 96.0% | 117.0% | 64.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 217 | 217 | 217 | 217 | 217 | 217 | 236 | 236 | 236 | 236 | 236 | 236 |
| Reserves | 3,804 | 6,342 | 6,518 | 7,051 | 7,638 | 7,997 | 47,452 | 48,764 | 50,018 | 50,964 | 49,141 | 48,487 |
| Borrowings | 43.12 | 178 | 278 | 0.00 | 99.31 | 0.00 | 0.00 | 1,047 | 1,224 | 1,489 | 1,654 | 1,484 |
| Other Liabilities | 10,396 | 8,082 | 8,723 | 10,628 | 10,701 | 11,971 | 21,167 | 20,500 | 21,657 | 25,911 | 28,951 | 29,663 |
| Total Liabilities | 14,461 | 14,818 | 15,736 | 17,896 | 18,655 | 20,185 | 68,855 | 70,547 | 73,136 | 78,600 | 79,983 | 79,869 |
| Fixed Assets | 2,824 | 3,258 | 4,425 | 4,529 | 4,716 | 5,479 | 51,515 | 51,474 | 52,690 | 53,798 | 54,411 | 57,515 |
| CWIP | 516 | 408 | 229 | 462 | 407 | 598 | 745 | 1,314 | 1,134 | 1,026 | 1,010 | 881 |
| Investments | 3,029 | 2,596 | 3,804 | 2,880 | 2,720 | 1,257 | 2,713 | 3,530 | 2,889 | 4,635 | 3,816 | 4,370 |
| Other Assets | 8,092 | 8,555 | 7,277 | 10,025 | 10,813 | 12,851 | 13,882 | 14,228 | 16,422 | 19,141 | 20,745 | 17,102 |
| Inventories | 2,850 | 2,725 | 2,542 | 2,512 | 2,573 | 2,768 | 3,580 | 4,095 | 4,247 | 4,024 | 4,414 | 4,789 |
| Trade receivables | 1,013 | 1,267 | 1,089 | 1,314 | 1,822 | 1,153 | 1,763 | 2,244 | 3,091 | 3,007 | 3,832 | 3,391 |
| Cash & equivalents | 2,685 | 3,000 | 1,825 | 3,478 | 3,746 | 5,099 | 4,463 | 3,836 | 4,663 | 7,544 | 7,535 | 3,239 |
| Total Assets | 14,461 | 14,818 | 15,736 | 17,896 | 18,655 | 20,185 | 68,855 | 70,547 | 73,136 | 78,600 | 79,983 | 79,869 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 3,281 | 4,158 | 5,170 | 6,042 | 5,779 | 7,604 | 9,131 | 9,023 | 9,970 | 15,426 | 11,845 | 10,969 |
| Cash from investing activity | 138 | −282 | −1,171 | −1,061 | −437 | 1,789 | −1,226 | −1,724 | −1,483 | −5,313 | 6,463 | −3,670 |
| Cash from financing activity | −3,449 | −3,847 | −4,202 | −4,956 | −5,373 | −6,793 | −9,271 | −7,989 | −8,918 | −9,991 | −13,061 | −10,770 |
| Net cash flow | −33.02 | 25.03 | −202 | 21.03 | −28.05 | 2,599 | −1,375 | −696 | −447 | 111 | 5,264 | −3,490 |
| Capex | 605 | 809 | 1,111 | 893 | 766 | 860 | 4,157 | 1,225 | 1,190 | 1,474 | 1,272 | 1,359 |
| Free cash flow | 3,250 | 3,464 | 4,248 | 5,201 | 5,046 | 6,814 | 5,104 | 8,001 | 8,981 | 14,019 | 10,626 | 9,680 |
| CFO / OP % | 95.1% | 100.0% | 111.0% | 111.0% | 96.0% | 103.0% | 100.0% | 92.0% | 93.0% | 108.1% | 96.1% | 105.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | −61 | −68 | −86 | −108 | −91 | −102 | −84 | −65 | −51 | −71 | −73 | −90 |
| Working capital days | −52 | −25 | −34 | −36 | −29 | −30 | −31 | −21 | −14 | −21 | −33 | −22 |
| ROCE % | 138.9% | 112.0% | 91.0% | 102.9% | 115.9% | 117.0% | 39.0% | 24.9% | 26.9% | 27.0% | 27.9% | 28.0% |
For the Sep 2026 quarter, Hindustan Unilever reported sales of ₹18,217 Cr, up 14.5% year on year and net profit of ₹2,798 Cr, up 3.9% year on year. The operating margin was 22.0%.
Hindustan Unilever's sales for the year to Mar 2026 were ₹64,426 Cr; over the last twelve months they were ₹68,319 Cr.
Net profit for the year to Mar 2026 was ₹15,048 Cr, and ₹15,073 Cr over the last twelve months. Earnings per share over the same trailing period were ₹63.99.
Hindustan Unilever reported borrowings of ₹1,484 Cr at Mar 2026, against cash and equivalents of ₹3,239 Cr.
Cash from operations was ₹10,969 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹9,680 Cr.