macro

Hindustan Unilever posts fastest revenue growth in 14 quarters

Hindustan Unilever's September-quarter revenue rose 14.5% on 7% volume growth, while EBITDA margin narrowed. Shares were down 1.7% after the results.

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what happened

Hindustan Unilever, India's largest FMCG company, reported its September-quarter results on Wednesday, October 28. According to data compiled by CNBC-TV18, revenue growth of 14.5% year on year, to 18,226 crore rupees, was the fastest in the last 14 quarters. Underlying volume growth reached 7%, the upper end of analysts' expected 6% to 7% range.

EBITDA came in at 4,089 crore rupees, slightly above the 4,003 crore estimate, but the margin contracted 140 basis points to 22.4%. Net profit of 2,796 crore rupees was broadly in line with the CNBC-TV18 poll. The company said it expects margins to stay within its 22% to 24% guided range, but warned that commodity inflation is likely to persist in the short term.

why it matters

Two signals matter for the market: strong demand, supported by price increases, and margin pressure from costlier raw materials. The shares are close to a 52-week low and are down 23% so far this year.

market impact

Hindustan Unilever shares: revenue beat offset by margin squeeze, stock fell on results day

  • Hindustan Unilever shares mixed — strong revenue and volumes are offset by margin contraction and a warning on commodity inflation

tags

instruments

Hindustan UnileverNifty FMCGINR/USD

sources

  1. HUL Q2 Results: Revenue growth highest in 14 quarters; Volumes increase by 7% — TradingView, 28 October 2026 at 04:56 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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