Hindustan Unilever Limited Q4 FY26 Results: Volume Growth Returns, Margins Hold Steady

By Ventura Research Team 3 min Read Apr 30, 2026

Hindustan Unilever Q4 FY26 results with revenue growth and dividend

Summary:
Hindustan Unilever reported a steady Q4 FY26 with 8% revenue growth and 6% volume growth, marking its strongest quarter in three years on volume terms. Margins remained stable at 23.7%, while the company announced a final dividend of ₹22 per share. Home Care and Beauty segments led growth during the quarter.

On April 30, 2026, Hindustan Unilever Limited announced its earnings for the quarter and fiscal year ending March 31, 2026. The numbers are consistent with those of a company whose performance is gaining steam, with the March quarter being the strongest in three years in volume terms.

Hindustan Unilever Q4 FY26 Headline Numbers

Revenue during the quarter amounted to ₹16,207 crore, a YoY rise of 8%. Underlying Sales Growth was at 7%, led by Underlying Volume Growth of 6%. These figures were emphasized by Hindustan Unilever Limited as their best growth in 12 quarters, pointing towards the recovery of consumer sentiment following a period of weak volume growth.

The EBITDA for the quarter was ₹3,841 crore, with YoY growth of 6%, and an EBITDA margin of 23.7%, up 40 bps sequentially. PAT Bei was ₹2,711 crore, growing by 4% YoY. Reported PAT, including proceeds from the divestiture of their stake in Nutritionalab Pvt. Ltd., totaled ₹3,002 crore, registering a YoY increase of 20%.

Hindustan Unilever Segment-Wise Performance

The Home Care segment was clearly the star performer, growing 9%, which is its best performance in 11 quarters. Fabric Wash experienced double-digit growth, whereas Household Care witnessed high single-digit growth. The liquids product range continued to deliver solid double-digit growth, and powders and bars improved as well.

In the Beauty and Wellbeing segment, 8% USG was witnessed with mid-single digit volume growth. Hair Care performed very well, exhibiting double-digit growth and thereby maintaining its dominant position. Premium Skin Care and Colour Cosmetics performed well, but mass skin care lagged behind. Lakmé Sun Gel, priced at ₹10, and Vaseline Cloud Soft, which came with SPF 50, were launched by the firm in this quarter as part of their sunscreen range. Both Vaseline and Sunsilk crossed the ₹1,000-crore turnover mark in FY26, thereby taking HUL’s total brand count to cross this mark to 20.

Personal Care grew 5% during the quarter. Skin Cleansing delivered high single-digit growth led by Dove and Lux, while Premium Soaps and Bodywash recorded double-digit competitive growth. Oral Care saw low single-digit growth, with new launches including Lifebuoy Ice Bath and Pepsodent Sensitive Care.

Foods delivered 5% USG with high single-digit volume growth. Coffee continued its strong double-digit performance, while Lifestyle Nutrition (Horlicks and Boost) also posted double-digit growth. The Horlicks brand was extended into the protein segment with the launch of Horlicks Protein Ready-to-Drink in four flavours. Tea recorded low single-digit volume growth, with Lipton Green Tea relaunched during the quarter.

Hindustan Unilever Full Year FY26 Performance

For the full year ended 31 March 2026, consolidated turnover stood at ₹63,763 crore, compared to ₹60,573 crore in FY25, marking a growth of around 5%. Full-year USG was 5%, supported by 4% UVG. EBITDA margin for the year was 23.6%, at the higher end of the company’s guidance range.

Consolidated Profit Before Tax was ₹13,812 crore, down from ₹14,428 crore in the previous year. The decline was due to higher depreciation of ₹1,333 crore (versus ₹1,253 crore in FY25) and exceptional losses of ₹235 crore, compared to a gain of ₹347 crore last year. Tax provision stood at ₹3,160 crore, lower than ₹3,748 crore in FY25. Consolidated PAT from continuing operations was ₹10,652 crore, broadly flat compared to ₹10,680 crore in FY25.

PAT before exceptional items for the year was ₹10,324 crore, while reported PAT stood at ₹10,652 crore.

Hindustan Unilever Dividend

The Board has recommended a final dividend of ₹22 per share for FY26, subject to shareholder approval at the AGM. The record date is set as 23 June 2026. Along with the interim dividend of ₹19 per share paid in November 2025, the total dividend for the year stands at ₹41 per share (face value Re 1), translating into a total payout of ₹9,633 crore.