Transcript of the Earnings Call for the quarter and financial year ended 31st March, 2026
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HUL reported Q4 FY26 with 8% consolidated revenue growth (highest in 12 quarters) and 7% underlying sales growth driven primarily by volumes. Full year FY26 revenue was Rs. 63,763 crores with 5% USG and 4% UVG. EBITDA margin came in at 23.7% for Q4 and 23.6% for the full year, at the higher end of the 22.5%-23.5% guidance band. PAT before exceptional items was Rs. 10,324 crores for FY26, up 4% YoY. All segments delivered healthy growth with Home Care reporting its strongest performance in 11 quarters at 9% USG. The company announced a Rs. 2,000 crore capex investment in premium formats and has taken 2-5% price increases to counter 8-10% material cost inflation from Middle East-driven crude spikes. The Board declared a final dividend of Rs. 22 per share, taking total dividend to Rs. 41 per share.
HUL delivered an acceleration in volume-led growth with margin maintained at the higher end of guidance, demonstrating operational agility amid geopolitical volatility. The unchanged mid-term margin guidance of 22.5%-23.5% and management's confidence that FY27 will be better than FY26 provides visibility, though input cost pressures from crude spikes remain a watch item for near-term profitability.