How does this quarter compare to the prior one?

March 2026 saw 7% underlying sales growth. June 2026 accelerated to 10%, a clear step-up. Volume growth also improved from below 5% to 5%.

What drove the revenue growth?

Growth was broad-based, led by home care and beauty & wellbeing. The ice cream demerger in December 2025 allowed sharper focus on core categories.

How are the newer brands performing?

Minimalist delivered strong growth (the filing says double-digit). OZiva underwent a business transition; no separate breakout is provided.

Was profit growth in line with revenue?

Profit before exceptional items grew 9% to ₹2,731 crore, slightly behind revenue growth of 10%. EBITDA margin was steady at 23%, within the guided range.

Earnings · Household & Personal Products · Mega cap

HUL's best quarter in 13 quarters: sales up 10%

Underlying sales hit ₹17,184 crore, volumes rose 5%. Profit before exceptional items grew 9% to ₹2,731 crore.

— 2 earlier stories on Hindustan Unilever Ltd. →

HINDUNILVR By Tipsheet Editorial 28 Jul 2026 · 10:05 AM IST Verify on BSE · NSE

Mkt cap₹5.11 lakh cr

P/E33.97×

ROE30.86%

Debt / eq.0.00

Div yld1.90%

10% Highest underlying sales growth in 13 quarters

What's new

Underlying sales grew 10% to ₹17,184 crore, fastest in 13 quarters
Volume growth improved to 5%, broad-based across home care and beauty
Profit before exceptional items rose 9% to ₹2,731 crore

Why this matters

HUL's result confirms the consumer recovery is gaining momentum. The 5% volume growth is the strongest signal yet that demand is broadening beyond price-led growth. With a 23% EBITDA margin within the guided range, the company is balancing growth and profitability well.

What we're watching

Whether volume growth can sustain above 5% as the base normalises
How the ice cream demerger savings flow through now that it is the first full quarter without that business
The trajectory of newer brands: Minimalist posted strong growth, OZiva is in transition

The full read

Revenue up 10% to ₹17,184 crore. Profit up 9%. Volume up 5%. That is HUL's best quarter in more than three years. The ice cream demerger in December cleared the deck, and management is now focusing on core categories and newer brands like Minimalist, which delivered strong growth. Margin held at 23%, within the guided range. The numbers confirm the consumer recovery is broadening. The next test: sustaining volume growth above 5% as the base normalises.

Questions answered

How does this quarter compare to the prior one?: March 2026 saw 7% underlying sales growth. June 2026 accelerated to 10%, a clear step-up. Volume growth also improved from below 5% to 5%.
What drove the revenue growth?: Growth was broad-based, led by home care and beauty & wellbeing. The ice cream demerger in December 2025 allowed sharper focus on core categories.
How are the newer brands performing?: Minimalist delivered strong growth (the filing says double-digit). OZiva underwent a business transition; no separate breakout is provided.
Was profit growth in line with revenue?: Profit before exceptional items grew 9% to ₹2,731 crore, slightly behind revenue growth of 10%. EBITDA margin was steady at 23%, within the guided range.

Mentioned: Minimalist · OZiva · ice cream demerger

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

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28 Jul 2026 · 10:05 AM IST HUL's best quarter in 13 quarters: sales up 10%
today HUL's best quarter in 13 quarters — market already knew
today HUL logs 10% revenue growth, highest in 13 quarters