Hindustan Unilever Ltd
•ABOUT
Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments.
KEY POINTS
Business Segments & Brand Portfolio
The company has a portfolio of over 50 brands spanning 16 FMCG categories...
READ MORE 〉PROS
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 101%
CONS
- Stock is trading at 11.3 times its book value
- The company has delivered a poor sales growth of 9.67% over past five years.
* The pros and cons are machine generated.
Peer comparison
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Hind. Unilever | 2416.00 | 53.67 | 567757.71 | 1.78 | 2694.00 | -2.14 | 16241.00 | 1.98 | 27.85 |
| 2. | ITC | 326.05 | 19.80 | 408449.69 | 4.40 | 5018.45 | 9.62 | 20047.30 | 6.69 | 36.79 |
| 3. | Hindustan Foods | 486.00 | 45.95 | 5807.41 | 0.00 | 35.23 | 53.64 | 1038.59 | 17.59 | 14.34 |
| 4. | Godavari Bioref. | 279.15 | 30.54 | 1423.27 | 0.00 | -41.59 | 79.91 | 430.75 | 34.21 | 5.79 |
| 5. | Davangere Sugar | 4.24 | 47.86 | 604.87 | 0.00 | 2.63 | 103.88 | 48.19 | 22.53 | 6.70 |
| Median: 5 Co. | 326.05 | 45.95 | 5807.41 | 0.0 | 35.23 | 53.64 | 1038.59 | 17.59 | 14.34 | |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 15,144 | 15,597 | 15,215 | 15,496 | 15,623 | 15,567 | 15,210 | 15,707 | 15,926 | 15,818 | 15,670 | 16,514 | 16,241 |
| Expenses + | 11,665 | 11,903 | 11,643 | 11,832 | 11,828 | 11,902 | 11,675 | 11,965 | 12,139 | 12,123 | 12,052 | 12,797 | 12,515 |
| Operating Profit | 3,479 | 3,694 | 3,572 | 3,664 | 3,795 | 3,665 | 3,535 | 3,742 | 3,787 | 3,695 | 3,618 | 3,717 | 3,726 |
| OPM % | 23% | 24% | 23% | 24% | 24% | 24% | 23% | 24% | 24% | 23% | 23% | 23% | 23% |
| Other Income + | 80 | 7 | 240 | 146 | 178 | 184 | 309 | 209 | 203 | 740 | 171 | 74 | 331 |
| Interest | 28 | 29 | 29 | 50 | 88 | 91 | 105 | 93 | 110 | 112 | 80 | 127 | 129 |
| Depreciation | 272 | 293 | 291 | 286 | 297 | 313 | 320 | 329 | 338 | 341 | 347 | 361 | 358 |
| Profit before tax | 3,259 | 3,379 | 3,492 | 3,474 | 3,588 | 3,445 | 3,419 | 3,529 | 3,542 | 3,982 | 3,362 | 3,303 | 3,570 |
| Tax % | 18% | 27% | 26% | 26% | 26% | 27% | 25% | 26% | 27% | 25% | 26% | 16% | 25% |
| Net Profit + | 2,670 | 2,481 | 2,601 | 2,556 | 2,657 | 2,508 | 2,561 | 2,612 | 2,595 | 2,989 | 2,475 | 2,768 | 2,694 |
| EPS in Rs | 11.34 | 10.53 | 11.07 | 10.87 | 11.30 | 10.68 | 10.89 | 11.11 | 11.03 | 12.70 | 10.49 | 11.73 | 11.43 |
| Raw PDF | 📄 | 📄 | 📄 | 📄 | 📄 | 📄 | 📄 | 📄 | 📄 | 📄 | 📄 | 📄 | 📄 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2016 | Mar 2018 | Mar 2020 | Mar 2022 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 29,234 | 32,186 | 35,545 | 39,783 | 52,446 | 61,896 | 63,121 | 64,243 |
| Expenses + | 24,475 | 26,276 | 28,046 | 29,922 | 39,589 | 47,237 | 48,278 | 49,487 |
| Operating Profit | 4,759 | 5,910 | 7,499 | 9,861 | 12,857 | 14,659 | 14,843 | 14,756 |
| OPM % | 16% | 18% | 21% | 25% | 25% | 24% | 24% | 23% |
| Other Income + | 792 | 486 | 353 | 424 | 219 | 817 | 1,322 | 1,316 |
| Profit before tax | 5,215 | 6,026 | 7,306 | 9,165 | 11,879 | 13,926 | 14,415 | 14,217 |
| Tax % | 24% | 31% | 28% | 26% | 25% | 26% | 26% | 23% |
| Net Profit + | 3,956 | 4,151 | 5,227 | 6,756 | 8,892 | 10,143 | 10,282 | 10,926 |
| EPS in Rs | 18.24 | 19.18 | 24.09 | 31.17 | 37.79 | 43.07 | 43.74 | 46.35 |
| Dividend Payout % | 71% | 83% | 83% | 80% | 90% | 91% | 96% | 117% |
Compounded Sales Growth
Compounded Profit Growth
Stock Price CAGR
Return on Equity
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2016 | Mar 2018 | Mar 2020 | Mar 2022 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 216 | 216 | 216 | 216 | 235 | 235 | 235 | 235 |
| Reserves | 3,321 | 6,357 | 7,065 | 8,013 | 48,826 | 50,983 | 49,167 | 48,481 |
| Borrowings | 46 | 177 | 0 | 0 | 1,043 | 1,484 | 1,648 | 1,775 |
| Long term Borrowings | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short term Borrowings | 37 | 177 | 0 | 0 | 0 | 13 | 1 | 14 |
| Lease Liabilities | 0 | 0 | 0 | 0 | 1,043 | 1,471 | 1,647 | 1,761 |
| Other Liabilities | 10,171 | 8,043 | 10,581 | 11,924 | 20,402 | 25,787 | 28,813 | 31,543 |
| Trade Payables | 7,045 | 5,821 | 7,942 | 8,124 | 9,451 | 10,214 | 11,432 | 12,501 |
| Total Liabilities | 13,754 | 14,793 | 17,862 | 20,153 | 70,506 | 78,489 | 79,863 | 82,034 |
| Fixed Assets | 2,746 | 3,258 | 4,528 | 5,479 | 51,473 | 53,744 | 54,335 | 58,126 |
| Land & Buildings | 1,200 | 1,450 | 1,800 | 2,100 | 25,400 | 26,100 | 26,500 | 28,200 |
| CWIP | 373 | 408 | 461 | 597 | 1,313 | 1,025 | 1,009 | 1,022 |
| Investments | 2,838 | 2,592 | 2,873 | 1,255 | 3,521 | 4,625 | 3,810 | 3,958 |
| Other Assets | 7,797 | 8,535 | 10,000 | 12,822 | 14,199 | 19,095 | 20,709 | 18,928 |
| Total Assets | 13,754 | 14,793 | 17,862 | 20,153 | 70,506 | 78,489 | 79,863 | 82,034 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2016 | Mar 2018 | Mar 2020 | Mar 2022 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3,818 | 4,171 | 6,059 | 7,623 | 9,048 | 15,469 | 11,886 |
| Profit from operations | 4,942 | 5,823 | 7,412 | 9,541 | 12,450 | 14,200 | 14,500 |
| Receivables | -85 | -112 | -240 | -105 | -312 | -420 | -380 |
| Inventory | -114 | -98 | -156 | -210 | -450 | -510 | -490 |
| Payables | 412 | 560 | 780 | 890 | 1,240 | 1,450 | 1,320 |
| Cash from Investing Activity | -475 | -282 | -1,063 | 1,791 | -1,728 | -5,324 | 6,473 |
| Fixed assets purchased | -512 | -640 | -820 | -940 | -1,100 | -1,350 | -1,420 |
| Fixed assets sold | 12 | 45 | 22 | 18 | 34 | 12 | 25 |
| Investments purchased | -2,140 | -1,850 | -3,400 | -5,600 | -8,200 | -9,100 | -4,200 |
| Cash from Financing Activity | -2,960 | -3,864 | -4,975 | -6,819 | -8,015 | -10,034 | -13,101 |
| Proceeds from shares | 0 | 0 | 0 | 0 | 19 | 0 | 0 |
| Repayment of borrowings | -12 | -45 | -10 | -5 | -112 | -84 | -95 |
| Dividends paid | -2,840 | -3,650 | -4,200 | -5,800 | -7,400 | -9,200 | -11,500 |
| Net Cash Flow | 383 | 25 | 21 | 2,595 | -695 | 111 | 5,258 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 12 | 14 | 12 | 13 | 17 | 11 | 14 | 16 | 19 | 18 | 22 |
| Inventory Days | 86 | 77 | 75 | 67 | 65 | 59 | 65 | 66 | 65 | 55 | 55 | 59 |
| Days Payable | 170 | 148 | 156 | 164 | 185 | 166 | 176 | 163 | 145 | 123 | 143 | 152 |
| Cash Conversion Cycle | -72 | -60 | -67 | -85 | -107 | -90 | -101 | -83 | -64 | -50 | -70 | -71 |
| Working Capital Days | -54 | -53 | -26 | -35 | -37 | -30 | -31 | -32 | -22 | -15 | -22 | -33 |
| ROCE % | 147% | 139% | 112% | 91% | 103% | 116% | 117% | 39% | 25% | 27% | 27% | 28% |
Shareholding Pattern
Numbers in percentages
* The classifications might have changed from Sep'2022 onwards.