Hindustan Unilever Limited has informed the Exchange about Transcript
HINDUNILVR · price
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HUL posted consolidated turnover of Rs. 16,323 crore with 5% Underlying Sales Growth (4% volume-led) for Q1 FY26. EBITDA margin came in at 22.8%, down 130 bps year-on-year but in line with prior guidance, while reported PAT grew 6% aided by a one-time tax re-estimation (PAT before exceptional items fell 5%). Gross margin contracted 190 bps to 49.5% as pricing trailed input cost inflation in Tea and Home Care. Management reiterated commitment to sequentially improving gross margins and guided EBITDA margin in the 22–23% range, with low single-digit price growth expected if commodity trends hold. Key corporate actions include completion of the 90.5% stake acquisition in Minimalist for Rs. 2,706 crore, the upcoming Ice Cream demerger (shareholder vote on 12 August, with 1 HUL share = 1 Kwality Walls share), and the leadership transition from Rohit Jawa to Priya Nair as CEO & MD.
The results were broadly in line with street expectations, with margin pressure already priced in; the positive triggers are the reaffirmed margin recovery roadmap, strong growth in acquired brands (OZiva tripled, Minimalist showing double-digit momentum), and clarity on the demerger timeline. Investors should watch gross margin progression in coming quarters and the outcome of the Ice Cream demerger vote, while the CEO transition may keep the stock rangebound in the near term.