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Hindustan Unilever Ltd.

HINDUNILVRFast Moving Consumer GoodsR3 verified document library

Coverage

DatasetOn diskUsableState
Results XBRL (NSE + BSE)963434 quarter-ends
Annual reports1111identity graded
Earnings calls1813transcripts and analyst meets only
Shareholding2020
Related party55
Investor decks9898

Financial statements (verified v2 store)

Quarterly values as filed, in INR crore, from the results XBRL; each cell carries its source instance and context in the cell title. Verification: 500 random source re-reads, 500 agree; identity failures 0. Ratios, segments and call linkage for this company ship in the next release.

Line2019-06-302019-09-302019-12-312020-03-312020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations10,364.0010,105.0010,103.0039,783.0010,731.0011,683.0012,181.0047,028.0012,194.0013,046.0013,439.0052,446.0014,624.0015,144.0015,597.0060,580.0015,496.0015,623.0015,567.0061,896.0015,707.0015,926.0015,818.0063,121.0016,514.0016,241.0016,441.0064,468.0017,341.00
Other income145.00118.00105.00632.00154.0093.0054.00410.0066.0053.0060.00258.00133.00109.00110.00512.00183.00183.00214.00811.00257.00219.00232.001,017.00201.00147.00139.00751.00188.00
Total income10,509.0010,223.0010,208.0040,415.0010,885.0011,776.0012,235.0047,438.0012,260.0013,099.0013,499.0052,704.0014,757.0015,253.0015,707.0061,092.0015,679.0015,806.0015,781.0062,707.0015,964.0016,145.0016,050.0064,138.0016,715.0016,388.0016,580.0065,219.0017,529.00
Cost of materials consumed3,254.003,331.002,893.0011,976.003,685.004,279.003,656.0015,432.003,680.004,242.004,023.0016,446.004,868.005,436.005,000.0020,212.004,820.004,799.005,027.0019,257.004,874.005,005.004,749.0019,458.005,467.005,746.004,874.0020,981.005,429.00
Purchases of stock-in-trade1,347.001,472.001,573.006,391.001,652.001,442.001,803.007,121.002,232.002,239.002,335.009,311.002,940.003,100.002,742.0011,579.002,643.002,636.002,667.0010,514.002,728.002,914.002,829.0011,273.002,915.002,353.003,017.0011,113.003,321.00
Changes in inventories of finished goods, WIP and stock-in-trade165.00-192.00161.00-108.00-173.00-229.00139.00-405.00133.00-160.0055.00-22.00-144.00-339.00366.00-75.00216.00-90.00-215.00-11.00-57.00-210.00123.00-153.00-141.00-206.00100.00-429.003.00
Employee benefit expense485.00462.00487.001,820.00624.00588.00591.002,358.00654.00620.00692.002,545.00636.00758.00722.002,854.00705.00766.00706.003,009.00656.00822.00743.003,077.00726.00750.00914.003,175.00769.00
Finance costs27.0034.0027.00118.0031.0031.0044.00117.0013.0028.0027.00106.0028.0028.0029.00114.0050.0088.0091.00334.0093.00110.00112.00395.00127.00129.0088.00410.0075.00
Depreciation, depletion and amortisation229.00254.00248.001,002.00257.00265.00286.001,074.00260.00281.00272.001,091.00281.00272.00293.001,137.00286.00297.00313.001,216.00329.00338.00341.001,355.00361.00358.00337.001,333.00353.00
Other expenses2,389.002,524.002,460.009,843.002,248.002,678.003,029.0010,896.002,574.002,879.002,925.0011,309.002,922.002,710.003,073.0011,861.003,447.003,715.003,716.0014,464.003,762.003,602.003,679.0014,615.003,829.003,869.003,748.0014,574.003,872.00
Total expenses7,896.007,885.007,849.0031,042.008,324.009,054.009,548.0036,593.009,546.0010,129.0010,329.0040,786.0011,531.0011,965.0012,225.0047,682.0012,167.0012,211.0012,305.0048,783.0012,385.0012,581.0012,576.0050,020.0013,284.0012,999.0013,078.0051,157.0013,822.00
Profit before exceptional items and tax2,613.002,338.002,359.009,373.002,561.002,722.002,687.0010,845.002,714.002,970.003,170.0011,918.003,226.003,288.003,482.0013,410.003,512.003,595.003,476.0013,924.003,579.003,564.003,474.0014,118.003,431.003,389.003,502.0014,062.003,707.00
Exceptional items7.00-48.00-100.00-200.00-119.00-83.00-51.00-239.00-27.00-5.00-67.00-44.00-12.00-29.00-103.00-64.00-37.00-5.00-30.006.00-48.00-16.00507.00305.00-127.00184.00-576.00-235.00-75.00
Profit before tax2,620.002,290.002,259.009,173.002,442.002,639.002,636.0010,606.002,687.002,965.003,103.0011,874.003,214.003,259.003,379.0013,346.003,475.003,590.003,446.0013,930.003,531.003,548.003,981.0014,423.003,304.003,573.002,926.0013,827.003,632.00
Current tax834.00379.00621.002,243.00613.00633.00632.002,520.00556.00728.00783.002,840.00787.00530.00852.003,001.00864.00889.00898.003,521.00853.00940.00978.003,620.00494.00884.00875.003,163.00939.00
Deferred tax-9.0093.007.00166.00-68.0032.0066.0086.0031.0055.0020.00147.0036.0059.0046.00200.0054.0042.0039.00123.0064.007.0015.00124.0041.00-8.00-74.00-3.0013.00
Total tax expense825.00472.00628.002,409.00545.00665.00698.002,606.00587.00783.00803.002,987.00823.00589.00898.003,201.00918.00931.00937.003,644.00917.00947.00993.003,744.00535.00876.00801.003,160.00952.00
Profit from continuing operations1,795.001,818.001,631.006,764.001,897.001,974.001,938.008,000.002,100.002,182.002,300.008,887.002,391.002,670.002,481.0010,145.002,557.002,659.002,509.0010,286.002,614.002,601.002,988.0010,679.002,769.002,697.002,125.0010,667.002,680.00
Profit from discontinued operations, after tax0.000.000.00-8.000.000.000.00-1.000.003.000.005.00-0.09-0.12-0.17-1.00-0.08-0.00-0.000.000.000.000.000.000.000.004,485.004,407.000.00
Share of profit of associates and joint ventures0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00-1.00-1.00-2.00-1.00-4.00-2.00-6.001.00-8.00-1.00-3.00-7.00-15.000.00
Profit for the period1,795.001,818.001,631.006,756.001,897.001,974.001,938.007,999.002,100.002,185.002,300.008,892.002,390.912,669.882,480.8310,143.002,555.922,657.002,508.0010,282.002,612.002,595.002,989.0010,671.002,768.002,694.006,603.0015,059.002,680.00
attributable to owners of the parent1,792.001,814.001,627.006,748.001,898.001,974.001,937.007,995.002,097.002,181.002,297.008,879.002,381.002,665.002,474.0010,120.002,554.002,656.002,509.0010,277.002,610.002,591.002,984.0010,649.002,756.002,685.006,607.0015,040.002,673.00
attributable to non-controlling interests3.004.004.008.00-1.000.001.004.003.004.003.0013.0010.005.007.0023.002.001.00-1.005.002.004.005.0022.0012.009.00-4.0019.007.00
Other comprehensive income, net of tax0.003.00-1.00-89.004.00-7.0017.0021.009.0027.0022.00115.0035.00-53.0031.00-26.0012.005.00-7.0025.00-2.00-4.009.00-19.00-22.004.00-15.00202.0088.00
Total comprehensive income1,795.001,821.001,630.006,667.001,901.001,967.001,955.008,020.002,109.002,212.002,322.009,007.002,425.912,616.882,511.8310,117.002,567.922,662.002,501.0010,307.002,610.002,591.002,998.0010,652.002,746.002,698.006,588.0015,261.002,768.00
Property, plant and equipment6,616.006,949.007,322.008,031.008,320.008,625.008,881.008,182.00
Capital work-in-progress1,129.001,132.001,047.001,025.001,022.001,009.001,022.00880.00
Investment property0.000.000.000.000.000.000.000.00
Goodwill17,397.0017,466.0017,466.0017,466.0017,466.0017,466.0018,098.0018,062.00
Other intangible assets27,896.0028,263.0028,252.0028,247.0028,241.0028,244.0031,147.0031,184.00
Intangible assets under development0.000.000.000.000.000.000.00
Biological assets other than bearer plants0.000.000.000.000.000.000.00
Investments accounted for using the equity method0.0069.0066.0065.0057.0057.0053.000.00
Non-current investments2.002.002.002.002.002.00101.00112.00
Non-current loans106.0098.0092.00102.0094.0087.0097.0085.00
Non-current trade receivables0.000.000.000.000.000.000.000.00
Other non-current financial assets724.00725.00744.00760.00742.00763.001,042.00709.00
Non-current financial assets832.00825.00838.00864.00838.00852.001,240.00906.00
Deferred tax assets, net14.0010.007.0010.0017.0017.0019.0014.00
Non-current tax assets, net7.000.006.000.000.000.004.00156.00
Other non-current assets1,286.001,375.001,440.001,467.001,264.001,559.001,477.001,503.00
Regulatory deferral account debit balances0.000.000.000.000.000.000.00
Total non-current assets55,170.0056,089.0056,438.0057,175.0057,225.0057,829.0061,937.0060,731.00
Inventories4,436.004,251.003,581.004,022.004,243.004,415.004,488.004,789.00
Current investments3,535.002,811.004,607.004,558.004,257.003,751.003,804.004,247.00
Trade receivables2,620.003,079.003,207.002,997.003,678.003,819.004,440.003,379.00
Cash and cash equivalents2,598.00714.001,651.00825.005,313.006,071.002,341.002,583.00
Bank balances other than cash equivalents1,353.003,964.005,920.006,734.003,330.001,483.002,101.00665.00
Current loans33.0036.0031.0038.0036.0046.0048.0050.00
Other current financial assets1,280.001,386.001,480.001,425.001,510.001,488.001,723.001,979.00
Current financial assets11,419.0011,990.0016,896.0016,577.0018,124.0016,658.0014,457.0012,903.00
Current tax assets, net7.000.006.000.000.000.004.00156.00
Other current assets883.00745.00910.00713.001,106.00955.001,127.001,159.00
Assets classified as held for sale21.0012.0012.0012.0067.0023.0021.0014.00
Total current assets16,745.0016,986.0021,393.0021,312.0023,473.0022,028.0020,076.0019,007.00
TOTAL ASSETS71,936.0073,087.0077,843.0078,499.0080,765.0079,880.0082,034.0079,752.00
Equity share capital235.00235.00235.00235.00235.00235.00235.00235.00
Other equity49,364.0050,069.0050,129.0050,983.0050,541.0049,167.0048,481.0048,504.00
Equity attributable to owners of the parent49,599.0050,304.0050,364.0051,218.0050,776.0049,402.0048,716.0048,739.00
Non-controlling interests41.00218.00221.00205.00211.00207.00446.00269.00
Total equity49,640.0050,522.0050,585.0051,423.0050,987.0049,609.0049,162.0049,008.00
Non-current borrowings0.000.000.000.000.000.000.000.00
Non-current trade payables0.000.000.000.000.000.000.000.00
Other non-current financial liabilities1,070.001,667.001,632.001,824.001,889.001,923.002,492.002,345.00
Non-current financial liabilities1,070.001,667.001,632.001,824.001,889.001,923.002,492.002,345.00
Non-current provisions1,447.001,363.001,508.001,576.001,780.001,528.001,406.001,684.00
Deferred tax liabilities, net6,224.006,421.006,517.006,557.006,632.006,685.007,440.007,474.00
Deferred government grants, non-current0.000.000.000.000.000.000.000.00
Other non-current liabilities1,127.001,086.003,907.004,243.005,154.003,598.003,106.003,692.00
Regulatory deferral account credit balances0.000.000.000.000.000.000.000.00
Total non-current liabilities9,868.0010,537.0013,564.0014,200.0015,455.0013,734.0014,444.0015,195.00
Current borrowings105.0098.0096.0013.0013.001.0014.000.00
Trade payables9,918.009,574.0010,634.0010,486.0011,450.0011,315.0012,181.0013,325.00
of which dues to micro and small enterprises263.00472.00458.00
Other current financial liabilities1,358.001,203.001,408.001,230.001,362.001,684.001,776.001,219.00
Current financial liabilities11,381.0010,875.0012,138.0011,729.0012,825.0013,000.0013,971.0014,544.00
Other current liabilities617.00764.00840.00807.00891.00959.00681.00736.00
Current provisions329.00389.00324.00340.00248.00675.00907.00265.00
Current tax liabilities, net101.000.00392.000.00357.001,903.002,869.004.00
Deferred government grants, current0.000.000.000.000.000.000.000.00
Liabilities associated with assets held for sale0.000.000.000.002.000.000.000.00
Total current liabilities12,428.0012,028.0013,694.0012,876.0014,321.0016,537.0018,428.0015,549.00
Total liabilities22,296.0022,565.0027,258.0027,076.0029,778.0030,271.0032,872.0030,744.00
TOTAL EQUITY AND LIABILITIES71,936.0073,087.0077,843.0078,499.0080,765.0079,880.0082,034.0079,752.00
Depreciation and amortisation550.001,106.00561.001,152.00583.001,216.00667.001,363.00727.001,436.00
Finance costs41.00106.0055.00114.00138.00317.00203.00372.00256.00424.00
Interest income84.00198.00204.00411.00245.00546.00339.00755.00218.00546.00
Dividend income0.000.000.002.002.003.000.000.000.005.00
Fair value gains / losses-35.00-59.00-39.00-99.00-120.00-249.00-138.00-256.00-110.00-195.00
Impairment loss / reversal0.000.000.000.000.000.000.000.000.000.00
Share-based payments0.00-1.000.000.000.000.000.0011.0015.0016.00
Unrealised foreign exchange losses / gains1.00-4.00-13.00-8.00-5.0010.007.004.00-15.00-105.00
Undistributed profits of associates0.000.000.000.000.000.000.000.000.000.00
Provisions, current-76.00-161.00-17.0043.00-65.00-49.00-92.00245.00-2.00-401.00
Provisions, non-current0.002.00-133.00-219.00247.00220.0097.00-173.00-35.00-43.00
Other non-cash items59.005.0068.00-4.00-67.000.00145.00378.00188.00539.00
Other items whose cash effects are investing or financing0.000.000.000.000.000.000.00-595.000.00-256.00
Other adjustments to reconcile profit0.000.000.000.000.000.000.000.000.000.00
Total adjustments to reconcile profit-133.00-45.00-86.00-215.001,895.002,032.00-25.00-269.00228.002,012.00
(Increase) / decrease in inventories-71.00-758.00-456.00-339.00592.0074.00-364.00-584.00-97.00-692.00
(Increase) / decrease in trade receivables, current-476.00-463.00-388.00-803.00-129.0093.00-695.00-846.00-549.00441.00
(Increase) / decrease in trade receivables, non-current0.000.000.000.000.000.000.000.000.000.00
(Increase) / decrease in other current assets-192.00-192.00-195.00-38.00-165.0032.00-393.00-242.00-152.00-182.00
(Increase) / decrease in other non-current assets-9.00-26.00-14.00-19.00-10.00-26.0041.00-87.00-5.0010.00
(Increase) / decrease in other financial assets, current-11.00175.00-170.00-270.00-46.0095.00-172.00-187.00-234.00-177.00
(Increase) / decrease in other financial assets, non-current6.0029.00-2.005.00-19.00-30.002.00-3.0013.0013.00
(Increase) / decrease in other bank balances0.000.000.000.000.000.000.000.000.000.00
Increase / (decrease) in trade payables, current204.00265.00849.00475.001,060.00910.00958.00833.00779.002,119.00
Increase / (decrease) in trade payables, non-current0.000.000.000.000.000.000.000.000.000.00
Increase / (decrease) in other current liabilities20.0077.00-48.0099.0076.0043.0084.00152.00-284.00-224.00
Increase / (decrease) in other non-current liabilities-12.000.000.000.000.000.000.000.000.000.00
Increase / (decrease) in other financial liabilities, current-48.00-32.00134.005.00209.0017.0080.00212.0080.00-19.00
Increase / (decrease) in other financial liabilities, non-current0.0084.00-74.00104.00-137.00-92.00-116.00-111.00-129.00-141.00
Cash generated from operations5,519.0011,829.006,387.0013,131.008,960.0015,962.007,054.0014,154.007,105.0015,839.00
Dividends received (operating)0.000.000.000.000.000.000.000.000.000.00
Interest paid (operating)0.000.000.000.000.000.000.000.000.000.00
Interest received (operating)0.000.000.000.000.000.000.000.000.000.00
Income taxes paid, net of refunds1,304.002,784.001,287.003,138.00-1,465.00381.00397.002,268.00838.004,840.00
NET CASH FROM OPERATING ACTIVITIES4,218.009,048.005,099.999,991.0010,425.0015,469.006,657.0011,886.006,267.0010,999.00
Purchase of property, plant and equipment480.001,225.00521.001,174.00642.001,468.00520.001,254.00617.001,258.00
Proceeds from sale of property, plant and equipment0.00146.0040.00121.000.0020.007.0013.0010.0029.00
Purchase of intangible assets0.003.000.0018.003.009.007.000.0042.00103.00
Proceeds from sale of intangible assets0.0029.000.0060.000.000.000.00-21.000.000.00
Purchase of intangible assets under development0.000.000.000.000.000.000.000.000.000.00
Purchase of investment property0.000.000.000.000.000.000.000.000.000.00
Proceeds from sale of investment property0.000.000.000.000.000.000.000.000.000.00
Purchase of other long-term assets0.000.000.000.000.000.000.000.000.000.00
Proceeds from sale of other long-term assets0.000.000.000.000.000.000.000.000.000.00
Acquisition of subsidiaries and businesses0.000.000.00334.000.000.000.000.002,661.002,661.00
Disposal of subsidiaries and businesses0.000.000.000.000.000.000.000.000.000.00
Purchase of equity and debt instruments of other entities0.000.000.000.000.000.000.000.00100.000.00
Sale of equity and debt instruments of other entities0.000.000.000.000.000.000.000.000.000.00
Purchase of interests in joint ventures0.000.000.000.000.000.000.000.000.000.00
Sale of interests in joint ventures0.000.000.000.000.000.000.000.000.00298.00
Loans and advances made to other parties0.000.001.001.000.000.000.000.000.000.00
Repayment of loans and advances by other parties0.000.000.000.000.000.000.000.000.000.00
Payments for futures, forwards, options and swaps0.000.000.000.000.000.000.000.000.000.00
Receipts from futures, forwards, options and swaps0.000.000.000.000.000.000.000.000.000.00
Interest received (investing)78.00161.00116.00259.00208.00425.00454.00835.00230.00428.00
Dividends received (investing)0.001.000.002.002.003.000.000.000.000.00
Income taxes paid (investing)0.000.000.000.000.000.000.000.000.000.00
Government grants received0.000.000.000.000.000.000.000.000.000.00
NET CASH FROM INVESTING ACTIVITIES629.00-1,728.001,005.00-1,494.00-4,063.00-5,324.003,774.006,473.00-4,018.00-3,684.00
Proceeds from issue of shares0.000.000.000.000.000.000.000.000.000.00
Proceeds from other equity instruments0.000.000.000.000.000.000.000.000.000.00
Proceeds from exercise of stock options0.000.000.00-2.000.000.000.000.000.000.00
Payments to acquire or redeem own shares0.000.000.000.000.000.000.000.000.000.00
Payments on other equity instruments0.000.000.000.000.000.000.000.000.000.00
Proceeds from changes in ownership of subsidiaries0.000.000.000.000.000.000.000.000.000.00
Payments for changes in ownership of subsidiaries0.000.000.000.000.000.000.000.000.000.00
Proceeds from debentures, notes and bonds0.000.000.000.000.000.000.000.000.000.00
Proceeds from borrowings55.0055.00105.000.0096.000.001.000.000.000.00
Repayment of borrowings0.0055.000.007.0097.0085.000.000.0046.0046.00
Payment of lease liabilities194.00407.00253.00467.00207.00423.00239.00498.00237.00507.00
Payment of finance lease liabilities0.000.000.000.000.000.000.00
Dividends paid3,994.007,526.004,464.008,474.005,169.009,416.005,639.0012,473.005,639.0010,124.00
Interest paid (financing)42.0082.0042.0088.0049.00110.0066.00130.0070.00133.00
Income taxes paid (financing)0.000.000.000.000.000.000.000.000.000.00
NET CASH FROM FINANCING ACTIVITIES-4,175.00-8,015.00-4,654.00-8,953.00-5,426.00-10,034.00-5,943.00-13,101.00-5,992.00-10,810.00
Net change in cash before exchange differences672.00-695.001,450.99-456.00936.00111.004,488.005,258.00-3,743.00-3,495.00
Effect of exchange rate changes on cash0.000.000.000.000.000.000.000.000.000.00
NET CHANGE IN CASH AND CASH EQUIVALENTS672.00-695.001,450.99-456.00936.00111.004,488.005,258.00-3,743.00-3,495.00
Closing cash and cash equivalents per cash flow statement1,147.002,597.99812.006,070.002,327.002,583.00
Segment revenue: Home Care3,464.003,370.003,456.003,350.003,392.003,318.003,409.003,838.003,797.003,838.004,192.004,743.004,930.005,142.005,514.005,637.005,421.005,308.005,444.005,709.005,673.005,731.005,739.005,815.005,777.005,664.005,887.006,344.006,554.00
Segment revenue: Beauty and Personal Care4,626.004,580.004,448.003,834.004,043.004,550.004,868.004,577.004,585.005,026.005,213.004,743.005,406.005,595.005,257.005,668.005,873.005,782.005,125.00
Segment revenue: Foods and Refreshment1,950.001,865.001,788.002,958.003,379.003,356.003,511.003,319.003,466.003,698.003,627.003,755.003,700.003,797.003,733.003,910.003,850.003,803.00
Segment revenue: Others (includes Exports, Consignment, etc.)493.00568.00583.00661.00652.00619.00527.00610.00591.00608.00466.00517.00560.00535.00568.00
Segment revenue: Beauty and Wellbeing3,281.003,421.003,556.003,265.003,631.003,732.003,930.003,697.004,083.00
Segment revenue: Personal Care2,386.002,411.002,243.002,126.002,540.002,425.002,370.002,229.002,624.00
Segment revenue: Foods3,745.003,896.004,016.003,869.003,689.003,566.003,480.00
Segment revenue: Others (includes Exports, Infant and Feminine Care etc.)324.00239.00338.00436.00548.00507.00
Segment revenue: Others (includes Exports)550.00551.00565.00515.00600.00
Segment revenue: Food and Refreshment1,847.003,851.00
Segment revenue: Food and refreshments3,622.003,794.00
Segment revenue: Discontinued operations178.000.00
Segment revenue: Exceptional Item [net credit/(charge)]0.00
Segment revenue: Exceptional [net credit/(charge)]0.00
Segment revenue: Others(includes Exports,Infant and Feminine Care etc.)308.00
Segment revenue: Others (incudes Exports, Infant and Feminine Care etc.)334.00
Segment revenue: Others560.00
Segment revenue: Beaty and Personal care5,764.00
Segment result (before tax and finance costs): Home Care699.00595.00629.00636.00637.00678.00646.00812.00662.00728.00861.00932.00865.00885.001,091.001,072.001,013.001,014.00989.001,111.001,136.001,114.001,086.001,093.001,129.001,083.001,100.001,209.001,137.00
Segment result (before tax and finance costs): Beauty and Personal Care1,364.001,315.001,263.00954.001,124.001,328.001,423.001,259.001,287.001,399.001,454.001,252.001,427.001,407.001,365.001,472.001,582.001,465.001,291.00
Segment result (before tax and finance costs): Foods and Refreshment379.00334.00225.00582.00559.00473.00575.00600.00646.00713.00578.00744.00661.00681.00711.00739.00736.00690.00
Segment result (before tax and finance costs): Others (includes Exports, Consignment, etc.)112.00176.00126.00251.00171.00201.00167.00213.00184.00188.0074.00117.00121.0094.00108.00
Segment result (before tax and finance costs): Beauty and Wellbeing1,001.001,123.001,018.001,046.00999.001,061.001,025.001,076.001,126.00
Segment result (before tax and finance costs): Personal Care425.00407.00401.00398.00475.00492.00421.00417.00517.00
Segment result (before tax and finance costs): Foods755.00627.00652.00629.00773.00721.00692.00
Segment result (before tax and finance costs): Others (includes Exports, Infant and Feminine Care etc.)53.0014.0095.0095.00135.00131.00
Segment result (before tax and finance costs): Others (includes Exports)102.00106.00132.0070.00122.00
Segment result (before tax and finance costs): Food and Refreshment294.00720.00
Segment result (before tax and finance costs): Food and refreshments664.00679.00
Segment result (before tax and finance costs): Discontinued operations-73.000.00
Segment result (before tax and finance costs): Exceptional Item [net credit/(charge)]7.00
Segment result (before tax and finance costs): Exceptional [net credit/(charge)]-48.00
Segment result (before tax and finance costs): Others(includes Exports,Infant and Feminine Care etc.)50.00
Segment result (before tax and finance costs): Others (incudes Exports, Infant and Feminine Care etc.)55.00
Segment result (before tax and finance costs): Others154.00
Segment result (before tax and finance costs): Beaty and Personal care1,448.00
Basic earnings per share8.288.387.5131.178.088.408.2434.038.929.289.7837.7910.1311.3510.5343.0710.8711.3010.6843.7411.1111.0312.7045.3211.7311.4328.1264.0111.38
Diluted earnings per share8.278.387.5131.178.088.408.2434.038.929.289.7837.7910.1311.3510.5343.0710.8711.3010.6843.7411.1111.0312.7045.3211.7311.4328.1264.0011.38
Face value per share216.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.001.00
Share price at period end1,787.601,981.951,923.002,298.502,180.002,068.252,395.402,431.502,471.302,701.802,360.152,048.652,230.602,696.452,561.052,560.352,678.152,465.602,663.952,264.352,473.052,958.302,326.852,258.852,294.602,514.402,315.902,055.202,118.20
Shares outstanding2,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.002,367,965,803.00
Promoter and promoter group, %61.9061.9061.9061.9061.9061.9061.9061.9061.9061.9061.9061.9061.9061.9061.9061.9061.9061.9061.9061.90
Foreign institutions, %14.0414.3314.3614.4813.9013.6512.6711.8712.1811.4310.6210.1810.7910.7110.109.50
of which foreign portfolio investors, % (pre-2025 taxonomy)0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
of which foreign portfolio investors category I, % (2025 taxonomy)9.8910.4610.409.849.27
Domestic institutions, %11.7611.5611.5811.5511.9712.3813.2714.1614.1814.7315.5416.0715.6915.7516.4016.99
of which mutual funds, %3.063.243.643.643.713.954.274.554.804.755.015.585.776.086.426.576.396.286.627.15
of which insurance companies, %4.265.275.595.957.266.796.476.116.206.657.327.657.657.848.218.538.378.598.798.70
Non-institutions, %12.1712.5312.8312.6012.3012.2212.1612.0712.2312.0712.1512.0711.7411.9311.9311.8511.6211.6411.6011.61
Public, %38.0838.1038.1038.1038.1038.1038.1038.1038.1038.1038.1038.1038.1038.1038.1038.1038.1038.1038.1038.10
Total shares, as filed2,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.002,349,591,262.00
Claims agreeing within 2%1.000.000.000.000.000.002.000.000.001.002.000.002.00
Claims within 10%0.001.004.002.002.004.001.000.003.001.000.003.001.00
Claims diverging0.000.000.001.001.000.001.000.000.000.000.000.000.00
Adjusted, non-statutory measures quoted0.000.000.000.000.000.000.000.000.000.000.000.000.00
Segment or subset claims0.000.000.000.000.000.001.000.000.000.000.000.000.00
Operating margin as stated0.230.240.240.240.240.240.230.230.230.230.240.23
Filed margin, best-matching definition0.240.230.240.230.240.230.230.230.240.240.230.24
Forward-looking statements carrying a number1.001.001.005.002.000.001.000.001.004.002.001.001.00
Guidance raised0.000.000.000.000.000.000.000.000.000.000.000.000.00
Guidance lowered or narrowed3.000.000.000.000.000.000.000.000.000.000.001.000.00
Guidance maintained0.000.000.000.000.000.000.000.001.000.001.000.001.00
One-time, exceptional or non-recurring items called out3.004.002.000.000.001.000.000.000.000.000.001.001.00
Confidence ratio (confidence words / confidence + caution words)0.700.660.610.700.820.590.810.830.770.840.780.620.70

Earnings calls

18 transcript(s)/analyst meet(s) served; 5 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
COVER_LETTER202205042022-03-31no
COVER_LETTER202207252022-06-30no
TRANSCRIPT202210312022-09-30yes
COVER_LETTER202301252022-12-31no
COVER_LETTER202305042023-03-31no
TRANSCRIPT202307262023-06-30yes
TRANSCRIPT202310262023-09-30yes
TRANSCRIPT202401252023-12-31yes
TRANSCRIPT202404302024-03-31yes
COVER_LETTER202407292024-06-30no
TRANSCRIPT202410292024-09-30yes
TRANSCRIPT202501292024-12-31yes
TRANSCRIPT202504302025-03-31yes
TRANSCRIPT202508072025-06-30yes
TRANSCRIPT202510292025-09-30yes
TRANSCRIPT202602192025-12-31yes
TRANSCRIPT202605072026-03-31yes
TRANSCRIPT202608042026-06-30yes

Model workbook

Download HINDUNILVR_model_v2.xlsx — 3202 sourced cells each with a Provenance row (doc_id, sha256, element, contextRef, period, value as filed, locator), 4749 formula cells; SHA-256 b7b00bf22ba2bb34…

Commentary — cross-call tabulation

QuarterThemeManagement sentencesAnalyst sentencesManagement share
Q1FY24AI and technology210.0032
Q1FY24Capex and capacity530.0079
Q1FY24Capital allocation510.0079
Q1FY24Competition340.0047
Q1FY24Credit quality400.0063
Q1FY24Currency and macro5060.079
Q1FY24Demand and volumes7730.1216
Q1FY24Deposits and liquidity000.0
Q1FY24Distribution and persistency600.0095
Q1FY24Margins and costs81130.128
Q1FY24People and attrition200.0032
Q1FY24Pricing and realisation7270.1137
Q1FY24Raw materials and input costs2120.0332
Q1FY24Regulation and policy400.0063
Q1FY26AI and technology810.0234
Q1FY26Capex and capacity300.0088
Q1FY26Capital allocation020.0
Q1FY26Competition200.0058
Q1FY26Credit quality100.0029
Q1FY26Currency and macro1320.038
Q1FY26Demand and volumes2340.0673
Q1FY26Deposits and liquidity000.0
Q1FY26Distribution and persistency220.0058
Q1FY26Margins and costs2410.0702
Q1FY26People and attrition000.0
Q1FY26Pricing and realisation35100.1023
Q1FY26Raw materials and input costs910.0263
Q1FY26Regulation and policy200.0058
Q1FY27AI and technology200.0079
Q1FY27Capex and capacity100.0039
Q1FY27Capital allocation600.0236
Q1FY27Competition120.0039
Q1FY27Credit quality000.0
Q1FY27Currency and macro1230.0472
Q1FY27Demand and volumes1170.0433
Q1FY27Deposits and liquidity000.0
Q1FY27Distribution and persistency420.0157
Q1FY27Margins and costs1620.063
Q1FY27People and attrition000.0
Q1FY27Pricing and realisation2060.0787
Q1FY27Raw materials and input costs910.0354
Q1FY27Regulation and policy300.0118
Q2FY23AI and technology1510.0303
Q2FY23Capex and capacity100.002
Q2FY23Capital allocation600.0121
Q2FY23Competition960.0182
Q2FY23Credit quality100.002
Q2FY23Currency and macro5320.1071
Q2FY23Demand and volumes3540.0707
Q2FY23Deposits and liquidity000.0
Q2FY23Distribution and persistency310.0061
Q2FY23Margins and costs6030.1212
Q2FY23People and attrition410.0081
Q2FY23Pricing and realisation4170.0828
Q2FY23Raw materials and input costs3300.0667
Q2FY23Regulation and policy700.0141
Q2FY24AI and technology1010.0204
Q2FY24Capex and capacity310.0061
Q2FY24Capital allocation900.0184
Q2FY24Competition510.0102
Q2FY24Credit quality100.002
Q2FY24Currency and macro2610.0532
Q2FY24Demand and volumes5880.1186
Q2FY24Deposits and liquidity000.0
Q2FY24Distribution and persistency520.0102
Q2FY24Margins and costs4820.0982
Q2FY24People and attrition100.002
Q2FY24Pricing and realisation5360.1084
Q2FY24Raw materials and input costs3000.0613
Q2FY24Regulation and policy400.0082
Q2FY25AI and technology200.0059
Q2FY25Capex and capacity100.0029
Q2FY25Capital allocation000.0
Q2FY25Competition460.0117
Q2FY25Credit quality000.0
Q2FY25Currency and macro1940.0557
Q2FY25Demand and volumes17110.0499
Q2FY25Deposits and liquidity000.0
Q2FY25Distribution and persistency6110.0176
Q2FY25Margins and costs1950.0557
Q2FY25People and attrition000.0
Q2FY25Pricing and realisation30130.088
Q2FY25Raw materials and input costs1400.0411
Q2FY25Regulation and policy100.0029
Q2FY26AI and technology510.0133
Q2FY26Capex and capacity000.0
Q2FY26Capital allocation610.016
Q2FY26Competition010.0
Q2FY26Credit quality000.0
Q2FY26Currency and macro510.0133
Q2FY26Demand and volumes34160.0904
Q2FY26Deposits and liquidity000.0
Q2FY26Distribution and persistency940.0239
Q2FY26Margins and costs1710.0452
Q2FY26People and attrition300.008
Q2FY26Pricing and realisation1740.0452
Q2FY26Raw materials and input costs410.0106
Q2FY26Regulation and policy19110.0505
Q3FY24AI and technology1730.026
Q3FY24Capex and capacity200.0031
Q3FY24Capital allocation300.0046
Q3FY24Competition2200.0337
Q3FY24Credit quality000.0
Q3FY24Currency and macro2540.0383
Q3FY24Demand and volumes56110.0858
Q3FY24Deposits and liquidity000.0
Q3FY24Distribution and persistency730.0107
Q3FY24Margins and costs5170.0781
Q3FY24People and attrition200.0031
Q3FY24Pricing and realisation65110.0995
Q3FY24Raw materials and input costs1900.0291
Q3FY24Regulation and policy200.0031
Q3FY25AI and technology200.0066
Q3FY25Capex and capacity200.0066
Q3FY25Capital allocation740.023
Q3FY25Competition340.0098
Q3FY25Credit quality000.0
Q3FY25Currency and macro1060.0328
Q3FY25Demand and volumes2460.0787
Q3FY25Deposits and liquidity000.0

Guidance items

quartermetricdirectionsentencepage
Q2FY23othernanThen Ritesh will cover our financial results in more detail and share our future outlook.3
Q2FY23othernanLet me first start with a quick summary of our performance for the quarter and then cover the external environment and our strategy, then of course, we will hav3
Q2FY23othernanIt includes a range of 11 skin care products and curated regime kits proven to offer best-in-class acne treatment at each stage of Acne Lifecycle.5
Q2FY23othernanVery quickly, we were able to curate the right mixes providing targeted solutions for every state of the acne life cycle.6
Q2FY23othernanProject Shakti, we had launched this in the early part of this millennium with the aim to financially empower and provide livelihood opportunities to women in r6
Q2FY23othernanWith this, let me now hand over to Ritesh, our CFO, to talk about our performance in this quarter and our outlook in much more detail.7
Q2FY23othernanI will now walk you through our in-quarter performance and our outlook.7
Q2FY23othernanAs I mentioned earlier, we had a one-off tax prior period adjustment in this quarter and including that, our ETR for this fiscal year is expected to be around 211
Q2FY23othernanNow moving on to our outlook, let me start with giving you some more color on how inflation is panning out.11
Q2FY23marginLOWEREDWith this softening and if other commodities remain at their current elevated levels, we expect our December quarter NMI to be slightly lower than our September12
Q2FY23marginLOWEREDIf commodities were to remain where they are today, we expect the price versus cost gap to marginally narrow leading to a sequential improvement in gross margin12
Q2FY23othernanWith the likely increase in media intensity, we expect a step-up in our A&P investments.12
Q2FY23otherLOWEREDWe expect our December quarter NMI to be marginally lower than September quarter, albeit remaining significantly high on a year-on-year basis.13
Q2FY23marginnanConsequently, gross margin in DQ is expected to improve sequentially along with a step-up in A&P investments.13
Q2FY23othernanAnd I had alluded at that point in time that we expect to see sequentially more inflation in the next quarter.16
Q2FY23othernanOur outlook for the quarter starting the December quarter we should see slight reduction in the net material inflation for December quarter.16
Q2FY23marginnanNow with this some amount of cooling off of vegetable oil, we should see, slight improvement in the net material inflation and hence we should see sequential gr17
Q2FY23othernanSo, I also expect advertising and sales promotion intensity to go up and hence our investment in A&P to go up next quarter.17
Q2FY23marginnanThat is the backdrop and hence, I was kind of looking at from the lens that I was in or when we were looking in the first quarter whatever margins we were expec17
Q2FY23othernanBe it the outlook of17
Q2FY23othernanNow, coming to outlook, I do believe the single biggest factor which will determine rural outcome as far as FMCG is concerned is the impact of commodity.18
Q2FY23othernanWe are yet to see how that pans out in terms of the crop going forward.19
Q2FY23othernanI do believe that with crude oil remaining firm, as I mentioned to you, because of the currency, but with some cooling off happening to some extent in vegetable27
Q2FY23othernanAnd that, in my mind, will be the single biggest determinant of what we should expect going forward.29
Q2FY23othernanAnd if at all the rural economy just pan out basis government intervention, we should see a better outlook.29
Q2FY23othernanBut as I mentioned earlier, we would want to see for a few more months before we start signaling a trajectory29
Q2FY23othernanAnd the latest quarter, 3-month number of September quarter, has only borne out of what we have been giving our narrative on outlook even in the prior quarters.30
Q1FY24othernanWe will start with prepared remarks from Rohit and Ritesh, which I expect to take around 20 minutes, leaving us about an hour for our Q&A session at the end.3
Q1FY24othernanI will then come back to share my perspectives about the operating environment and our outlook.4
Q1FY24volumenanPublic Hopefully, this helps you better understand our volume growth trajectory and the divergence we have seen between categories.7
Q1FY24othernanPureit has launched a new range of water purifier Revito with best-in-class filtration technology independently certified for heavy metal removal and gives high7
Q1FY24othernanExpanding this product line further Knorr introduced a range of Chinese sauces - Green Chilli, Red Chilli and Dark Soy Sauce.7
Q1FY24othernanWe expect this to come down slightly on a full year basis. • I would like to remind you that our ETR in Financial Year '23 was positively benefited due to prior9
Q1FY24othernanLet me now move on to our near-term outlook.10
Q1FY24othernanLooking at demand from consumer lens, we should be mindful that consumers are still facing high levels of cumulative inflation.10
Q1FY24othernanClearly, the operating environment remains volatile and we should be watchful of how these variables pan out.10
Q1FY24othernanSpeaking specifically about outlook for the next couple of quarters. • Price growth will tail off further with lapping of high prices in the base and sequential10
Q1FY24othernanIf commodities remain where they are, we expect our price growth to be near flat or marginally negative. • With inflation moderating, the competitive intensity 10
Q1FY24volumenanWith this, we expect to sustain our volume growth momentum.10
Q1FY24othernanLet me now turn to the operating context and our outlook.11
Q1FY24othernanWe expect volumes to continue recover gradually due to the high levels of cumulative inflation and the fact that consumption habits typically recover with a lag11
Q1FY24othernanNotwithstanding these near-term concerns, I remain confident and positive about the mid to long-term outlook for FMCG sector in India and HUL's growth prospects12
Q1FY24othernanAnd of course, after that, we expect them to start changing their behavior and start to consume more.13
Q1FY24othernanAnd we expect it to be similar this time as well.14
Q1FY24othernanPublic know, is very exciting, and we have very strong positions and we should be able to leverage and exploit that to grow our company to the next level and do16
Q1FY24othernanWe do see that on growth rates and for instance, in our premium part of the portfolio, where Pears and Dove have shown smart growth, and we expect that to conti21
Q1FY24othernanSo, we expect liquids to grow, including regimes like scrubs and bath and shower experiences.21
Q1FY24volumenanSo, volume trajectory is very strong and robust in comparison to where markets are growing.22
Q1FY24volumenanSorry, we will not be able to guide you to a precise number of volume growth in the next few quarters, but I hope that the narrative helped you to gauge where o37
Q2FY24othernanRitesh will then cover our financial results in more detail and also share the near-term outlook.3
Q2FY24othernanWe expect the prepared remarks to take about 20 to 25 minutes, and leaving us with ample time for Q&A.3
Q2FY24othernanSpeaking about progress made on some of our key sustainability initiatives: As a part of our sustainability goals that we had announced last year we have Net ze5
Q2FY24othernanWith an aim to mobilize actions to achieve net zero, we hosted more than 100 representatives from our Home Care supplies across the world in our first Clean Fut5
Q2FY24othernanThe more affluent population is expected to double by 2027, naturally their per capita FMCG consumption is much higher at about 1.5 to 2 times compared to natio7
Q2FY24othernanStarting with innovations in Home Care: • Comfort expanded its range with Intense Fabric conditioners created specifically for sportswear. • A new range of Vim 10
Q2FY24othernanVaseline has introduced a new range of premium moisturizers for rich sensorial experience.11
Q2FY24othernanWe have launched an exclusive range of artisinal Ice Creams called Slow Churn ice-creams.12
Q2FY24othernanWhen it comes to cost synergies, we have unlocked most of the planned synergies with some more expected to come from manufacturing efficiencies over the next tw13
Q2FY24othernanAs we have mentioned earlier, we expect regular ETR for the year to be about 26.5% versus 26% that we had in the last fiscal.14
Q2FY24volumenanOverall, we expect volume recovery to remain gradual.15
Q2FY24othernanIf commodity prices remain where they are, we expect our price growth to be marginally negative.15
Q2FY24pricingnanPublic moderated going forward, given the pricing actions that all the players are doing.18
Q2FY24othernanSo, overall, if I summarize, we are cautiously optimistic, and we expect demand to continue to recover gradually.18
Q2FY24othernanThat said, when you look at the, my most important emphasis is going forward and I tried to cover that in22
Q2FY24othernanSo, scale insurgence, even going forward when we take intelligent risks, we have already 16 clusters, we have 16 small category teams, each of them can be our o24
Q2FY24volumenanSo, Arnab let me just talk about the outlook for volume to start with.25
Q2FY24othernanSo, sans that this should get stabilized next quarter number one, and number two the small player -of course this is something which is again very much linked t27
Q2FY24othernanThe headspace on this category should be a lot, and apart from the fact that it’s got this market development runway, this is also a category which is good for 27
Q2FY24volumenanAnd the first question you are trying to ask is the outlook, that we have a volume going ahead.30
Q2FY24othernanAnd then coming back to outlook is what I was responding earlier.30
Q2FY24othernanAnd we have a more stable outlook going forward in terms of commodity and hence impact of that in terms of positive impact of that on the demand generation over30
Q2FY24othernanBut the overall aggregate narrative is, cautiously optimistic with continued recovery of demand outlook.31
Q2FY24othernanNow of course, as we speak to the extent where commodities are today, and whatever near term outlook we have, as far as we are concerned, we have finished doing31
Q3FY24othernanWe will start with prepared remarks from Rohit and Ritesh, where we will cover an overview of the operating environment, our performance in the quarter and outl3
Q3FY24othernanWe expect this to take around 25 minutes, leaving us with an hour for the Q&A session.3
Q3FY24othernanPublic With this, let me now hand over to Ritesh to talk about our performance in this quarter and our outlook in detail.7
Q3FY24othernanIn the near term, we expect our MAT Business winning metric to be impacted as we lap the high deals.7
Q3FY24othernanWe expect it to dip below 60 percentage for a couple7
Q3FY24othernanBru Gold expanded its product portfolio with a new range of flavored coffee.10
Q3FY24othernanOn a full year basis, we expect that other expenses to be circa 13 percentage of turnover, which is in line with our long-term trends.11
Q3FY24tax ratenanEffective tax rate for the quarter was 26.6%, and we expect our full year ETR to be marginally above 26% after taking into consideration prior period tax adjust12
Q3FY24othernanLet me now turn to outlook.12
Q3FY24othernanWe expect the gradual recovery in market demand to continue, aided by increased government spending, recovery in winter crop sowing and better crop realizations12
Q3FY24othernanIf commodity prices remain where they are, we expect our price growth to be marginally negative in March quarter.12
Q3FY24othernanWe are hoping that going forward from next quarter onwards, it's gone back to the equilibrium that we had pre this disturbing period of inflation, deflation and16
Q3FY24othernanSo we expect that to get stabilized from this quarter from March quarter onwards, that's on detergent bars.16
Q3FY24othernanSo, and we know that tea next season, August, September onwards, Next year, we will come to know how it is different.17
Q3FY24othernanAnd that -- now that the milk prices are sort of stabilizing to softening, we feel that we should be able to be more kind or -- watch as we go forward.24
Q3FY24othernanSo we expect to see a stronger performance going forward.24
Q3FY24othernanAnd for specific numbers, I request Ritesh to fill you in with really how we've done this quarter and then a little bit on the outlook ahead.24
Q3FY24othernanIn fact, in my outlook, we were calling out that going forward, we see further stepping up of investments given the job that Rohit was articulating on further d27
Q3FY24othernanFrom here, we have to dial up investments, they will be hurt, to your point, on margins from next quarter onwards on GSK portfolio, which we're earning roughly 27
Q3FY24othernanPublic becoming effectively the new oil and better targeting will become the name of the game to get the competitive advantage.31
Q3FY24othernanNow the only way you can get some headroom for price, though the outlook I mentioned for the next quarter is still a marginal price decline.32
Q3FY24marginnanPublic out, within mix, NRM and net cost competitiveness and hence net production cost reduction are the three levers that we want to use to drive gross margin 33
Q3FY24othernanThat's exactly what we want to do, which is, as I mentioned, we expect that to dip below 60%.38
Q3FY24othernanWe expect recovery to happen of F&R as commodity starts to moderate, and we'll start seeing that consumption coming up.39
Q3FY24othernanLong-term average for FMCG, we do expect 4% to 5% price growth to be there, which we have not seen, as you saw in current quarter in fact it was negative 2%, we40
Q4FY24othernanWe will start with prepared remarks from Rohit and Ritesh, where we will cover an overview of our performance in the financial year and in March quarter and our3
Q4FY24othernanWe expect this to take around 30 minutes, which will leave us with an hour for the Q&A session.3
Q4FY24othernanLast quarter, we discussed how we expect our MAT business winning metric4
Q4FY24othernanIn January this year, we unveiled our first addition of the beauty collective, through which we aim to strengthen Beauty partnerships with e-commerce and modern9
Q4FY24othernanThrough these actions, we aim to build a future-fit portfolio and capabilities that will enable us to meet the evolving needs of Indian beauty consumers.9
Q4FY24othernanGoing forward, we will accelerate our sustainable agenda around four key priorities that have the biggest material impact on the business, notably climate, natu10
Q4FY24othernanI will now walk you through our in-quarter and financial year performance in more detail and also then cover our outlook.11
Q4FY24othernanWith summer rolling in, we have launched a range of sun care products catering to different consumer needs.13
Q4FY24othernanDove sensitive care range of body wash and soap, which helps repair skin’s weakened barrier was launched.13
Q4FY24othernanWhilst we expect to start seeing a change in the category’s performance trajectory, it is likely to take a few quarters before the full benefit is felt.14
Q4FY24othernanMoving to segmental performance for the financial year, this year has witnessed a transition from high commodity inflation to deflation in 75% of our portfolio.17
Q4FY24othernanLet me now turn to outlook.18
Q4FY24othernanWe expect FMCG demand to continue improving gradually, forecast of above-normal monsoons and improving macro-economic indicators augur well.18
Q4FY24othernanWe expect our price growth to be low single digit decline in near term.18
Q4FY24othernanAs I spoke earlier on skin cleansing, actions are underway to address performance in this segment, and we expect to see an improvement over the midterm.18
Q4FY24othernanWhile we expect near-term demand to recover gradually, we remain very confident of mid- to long-term opportunity in Indian FMCG.18
Q4FY24othernanSo it's a pretty good outcome and we have spoken in the past as well that our trajectory of building penetration has yielded results continuously.26
Q4FY24othernanAnd going forward, the focus singularly for us remains keep building consumption.27
Q4FY24othernanAnd we did call out on one of the slides, the six big bets that we want to take in Beauty segment going forward.28
Q4FY24othernanSo the way we see going forward in the Beauty space, two or three clear callouts.28
Q4FY24othernanAnd we expect that to come back in the next quarter or two because we've seen the same happening with NSD bars.30
Q4FY24othernanAnd we have taken the actions that we needed to take, and it should recover back in the next quarter or two.31
Q4FY24othernanAnd then we'll come to know what the, if at all, the trajectory of that $850 changes materially.32
Q4FY24pricingnanAnd, we expect to see a positive low single digit price increase in second half of this financial year.33
Q4FY24volumenanGoing forward, improving mix, number one, which is what we want to see; further volume growth, number two; number three, price growth.34
Q4FY24othernanSo those are the conditions which need to be existing for us to then start going towards a higher band or for that matter going beyond 24%, which is A- trajecto35
Q4FY24othernanBut if we -- if all of those jobs and livelihoods that get created, there is -- I mean that money should end up going back to the households more in the mass en38
Q4FY24othernanAll of them are growing, and we expect the e- commerce growth to continue and it is sustained.48
Q4FY24othernanThe idea is to separate the business given the business model, and they will end up doing this entire job by second half of next year, calendar next year, 2025.53
Q2FY25othernanWe expect this to take around 30 minutes, leaving us with an hour for the Q&A session.3
Q2FY25othernanI will then hand over to Ritesh to take you through our results and outlook in detail.3
Q2FY25volumenanMarket volume growth trajectory remained muted in this quarter.3
Q2FY25othernanLet me take you through our quarter results in a little more detail, followed by first half update and round it up with our outlook in the near term.9
Q2FY25othernanAnd of course, the key objective that the independent committee and hence, Board going forward, will end up making a decision on is -what's the best route in wh15
Q2FY25pricingnanNet of the savings, net inflation is what we will end up pricing going forward.16
Q2FY25othernanAnd this is why we also called out that against declining UPG for the last few quarters, if I exclude the one-off impact of flat UPG current quarter, we will en16
Q2FY25othernanSo the central reason of doing that is our ability to upgrade and deliver more functional benefits going forward.23
Q2FY25othernanSo going forward, of course, we'll end up taking price increases, which we have done, started taking price increases in December quarter, and you will see how i27
Q2FY25othernanWe will see them going into the market in this quarter and the next quarter, and we are all very much laser-focused to basically get Glow & Lovely back on track37
Q2FY25othernanWith OZiva, we already have our very clear contract in place as that at the end of 3-year period with an agreed pre-formula will end up acquiring the balance bu42
Q3FY25othernanWe expect this to take around 35 minutes, leaving us with approximately an hour for the Q&A.3
Q3FY25othernanRitesh will then present our results in greater details, share more information on our recently announced acquisition and round it up with our near-term outlook3
Q3FY25marginnanEBITDA margin was maintained within the healthy range of 23% to 24%, while we continued to invest behind our brands and remain competitive in our A&P spends.9
Q3FY25othernanWhen we saw muted, we had a comment in the last quarter that we expect demand trends to be stable, which means it will be at a similar level as we saw in the pr27
Q3FY25capexnanSynergies of off-line distribution, synergies of international expansion, synergies of supply chain, cost, procurement, capacity, all that once we add with a ve29
Q3FY25othernanAnd I think we cannot forecast the future with a high level of accuracy but what we can forecast is what we should be doing.32
Q3FY25othernanIf I look at mix going forward, I do believe and we do believe at this point in time that the impact of small pack negative mix should self-correct in a quarter33
Q3FY25othernanNumber two, our own drive to make portfolio more premium, that should continue building further mix possibility within our own performance going forward.33
Q3FY25othernanGoing forward, they will not be present.33
Q3FY25othernanSo, we do believe that our overall trend of premium growing ahead of rest of the business and our own play of driving more premium going forward, that should he33
Q3FY25othernanSo hence, I would say this is more of a conversation which has got accentuated given the development of small pack in the current quarter, but we don't see conc33
Q3FY25othernanSo, the way we see going forward, we will end up bringing synergies on both sides to the table to make the brand bigger, to make the business model more stronge34

Claims reconciled to filings

QuarterMetricClaimedKindAnchorAnchor valueVerdictSource
Q2FY23revenue growth16 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221031_Hindustan Unilev p3
Q2FY23operating margin23.3 %ratioEBITDA / total income0.2352AGREESDate_20221031_Hindustan Unilev p3
Q2FY23revenue growth4 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20221031_Hindustan Unilev p12
Q1FY24operating margin23.6 %ratioEBIT / core revenue0.2299CLOSE_WITHIN_10PCTDate_20230726_Hindustan Unilev p5
Q1FY24revenue growth10 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20230726_Hindustan Unilev p8
Q2FY24operating margin24.6 %ratioEBITDA / total income0.2518CLOSE_WITHIN_10PCTDate_20231026_Hindustan Unilev p4
Q2FY24operating margin24.6 %ratioEBITDA / total income0.2518CLOSE_WITHIN_10PCTDate_20231026_Hindustan Unilev p9
Q2FY24profit after tax2717 croresmoneyPROFIT_AFTER_TAX26569990000.0CLOSE_WITHIN_10PCTDate_20231026_Hindustan Unilev p9
Q2FY24revenue30,000 croremoneyREVENUE_FROM_OPERATIONS156230000000.0DIFFERENT_BASIS_LIKELYDate_20231026_Hindustan Unilev p15
Q2FY24operating margin24.1 %ratioEBIT / core revenue0.2357CLOSE_WITHIN_10PCTDate_20231026_Hindustan Unilev p15
Q2FY24revenue growth5 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20231026_Hindustan Unilev p15
Q3FY24operating margin23.7 %ratioEBIT / core revenue0.2291CLOSE_WITHIN_10PCTDate_20240125_Hindustan Unilev p5
Q3FY24operating margin23.7 %ratioEBIT / core revenue0.2291CLOSE_WITHIN_10PCTDate_20240125_Hindustan Unilev p7
Q3FY24revenue44,886 croresmoneyREVENUE_FROM_OPERATIONS155670000000.0DIVERGESDate_20240125_Hindustan Unilev p12
Q4FY24profit after tax10,000 croresmoneyPROFIT_AFTER_TAX25610000000.0DIVERGESDate_20240430_Hindustan Unilev p4
Q4FY24operating margin23.4 %ratioEBIT / core revenue0.2266CLOSE_WITHIN_10PCTDate_20240430_Hindustan Unilev p11
Q4FY24operating margin23.8 %ratioEBITDA / total income0.2439CLOSE_WITHIN_10PCTDate_20240430_Hindustan Unilev p17
Q2FY25revenue15,319 croresmoneyREVENUE_FROM_OPERATIONS159260000000.0CLOSE_WITHIN_10PCTDate_20241029_Hindustan Unilev p4
Q2FY25revenue growth2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20241029_Hindustan Unilev p4
Q2FY25operating margin23.8 %ratioEBIT / core revenue0.2307CLOSE_WITHIN_10PCTDate_20241029_Hindustan Unilev p4
Q2FY25operating margin23.8 %ratioEBIT / core revenue0.2307CLOSE_WITHIN_10PCTDate_20241029_Hindustan Unilev p10
Q2FY25operating margin23.8 %ratioEBIT / core revenue0.2307CLOSE_WITHIN_10PCTDate_20241029_Hindustan Unilev p13
Q3FY25revenue15,195 croresmoneyREVENUE_FROM_OPERATIONS158180000000.0CLOSE_WITHIN_10PCTDate_20250129_Hindustan Unilev p4
Q3FY25revenue growth2 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20250129_Hindustan Unilev p4
Q3FY25profit after tax2,540 croresmoneyPROFIT_AFTER_TAX29890000000.0DIVERGESDate_20250129_Hindustan Unilev p4
Q3FY25operating margin23 %ratioEBIT / core revenue0.2267AGREESDate_20250129_Hindustan Unilev p9
Q3FY25profit after tax3,001 croresmoneyPROFIT_AFTER_TAX29890000000.0AGREESDate_20250129_Hindustan Unilev p9
Q3FY25revenue growth4 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20250129_Hindustan Unilev p11
Q3FY25revenue500 croresmoneyREVENUE_FROM_OPERATIONS158180000000.0SEGMENT_OR_SUBSET_CLAIMDate_20250129_Hindustan Unilev p13
Q3FY25profit after tax7,723 croresmoneyPROFIT_AFTER_TAX29890000000.0DIFFERENT_BASIS_LIKELYDate_20250129_Hindustan Unilev p16
Q4FY25revenue growth1 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20250430_Hindustan Unilev p12
Q1FY26operating margin22.8 %ratioEBITDA / total income0.2345CLOSE_WITHIN_10PCTDate_20250807_Hindustan Unilev p5
Q1FY26operating margin22.6 %ratioEBITDA / total income0.2345CLOSE_WITHIN_10PCTDate_20250807_Hindustan Unilev p5
Q1FY26operating margin22.8 %ratioEBITDA / total income0.2345CLOSE_WITHIN_10PCTDate_20250807_Hindustan Unilev p11
Q2FY26operating margin23.2 %ratioEBITDA / total income0.2365AGREESDate_20251029_Hindustan Unilev p8
Q2FY26operating margin23 %ratioEBITDA / total income0.2365CLOSE_WITHIN_10PCTDate_20251029_Hindustan Unilev p11
Q3FY26operating margin23.3 %ratioEBITDA / total income0.2369AGREESDate_20260219_Hindustan Unilev p4
Q3FY26revenue growth6 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20260219_Hindustan Unilev p8
Q3FY26operating margin23.3 %ratioEBITDA / total income0.2369AGREESDate_20260219_Hindustan Unilev p9
Q3FY26revenue growth6 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20260219_Hindustan Unilev p30
Q4FY26operating margin23.7 %ratioEBIT / core revenue0.2298CLOSE_WITHIN_10PCTDate_20260507_Hindustan Unilev p4
Q4FY26operating margin23.7 %ratioEBIT / core revenue0.2298CLOSE_WITHIN_10PCTDate_20260507_Hindustan Unilev p9
Q4FY26operating margin23.6 %ratioEBIT / core revenue0.2298CLOSE_WITHIN_10PCTDate_20260507_Hindustan Unilev p12
Q1FY27revenue17,184 croresmoneyREVENUE_FROM_OPERATIONS173410000000.0AGREESDate_20260804_Hindustan Unilev p4
Q1FY27revenue growth10 %rationot comparable without the prior year quarter in scopenanNO_ANCHORDate_20260804_Hindustan Unilev p6
Q1FY27operating margin23 %ratioEBITDA / total income0.2359CLOSE_WITHIN_10PCTDate_20260804_Hindustan Unilev p6
Q1FY27profit after tax2,680 croresmoneyPROFIT_AFTER_TAX26800000000.0AGREESDate_20260804_Hindustan Unilev p7
nanrevenue growth18 %rationannanNO_QUARTER_IN_FILENAME0f4749dd-e93c-4df9-b42b-ed6f01 p9
nanoperating margin23.6 %rationannanNO_QUARTER_IN_FILENAME0f4749dd-e93c-4df9-b42b-ed6f01 p24
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nanoperating margin23.6 %rationannanNO_QUARTER_IN_FILENAME0f4749dd-e93c-4df9-b42b-ed6f01 p24
nanprofit after tax2,472 croresmoneynannanNO_QUARTER_IN_FILENAME0f4749dd-e93c-4df9-b42b-ed6f01 p24
nanrevenue growth4 %rationannanNO_QUARTER_IN_FILENAME0fe00502-0dbc-4264-9b65-797d4c p16
nanrevenue growth6 %rationannanNO_QUARTER_IN_FILENAME0fe00502-0dbc-4264-9b65-797d4c p19
nanrevenue17,184 croresmoneynannanNO_QUARTER_IN_FILENAME163e0f27-042e-41a9-9db7-14f5d0 p2
nanrevenue growth10 %rationannanNO_QUARTER_IN_FILENAME163e0f27-042e-41a9-9db7-14f5d0 p2
nanrevenue growth5 %rationannanNO_QUARTER_IN_FILENAME163e0f27-042e-41a9-9db7-14f5d0 p7
nanrevenue growth19 %rationannanNO_QUARTER_IN_FILENAME43fa2d31-cdfa-4eac-a4ad-c61ffb p5
nanrevenue growth6 %rationannanNO_QUARTER_IN_FILENAME43fa2d31-cdfa-4eac-a4ad-c61ffb p11
nanrevenue growth18 %rationannanNO_QUARTER_IN_FILENAME43fa2d31-cdfa-4eac-a4ad-c61ffb p13
nanrevenue growth19 %rationannanNO_QUARTER_IN_FILENAME43fa2d31-cdfa-4eac-a4ad-c61ffb p23
nanoperating margin23.2 %rationannanNO_QUARTER_IN_FILENAME43fa2d31-cdfa-4eac-a4ad-c61ffb p23
nanrevenue growth15,166 crmoneynannanNO_QUARTER_IN_FILENAME4d7d13c4-c0bb-46d4-8fb8-c64211 p6
nanrevenue growth4 %rationannanNO_QUARTER_IN_FILENAME4d7d13c4-c0bb-46d4-8fb8-c64211 p6
nanoperating margin23.8 %rationannanNO_QUARTER_IN_FILENAME4d7d13c4-c0bb-46d4-8fb8-c64211 p25
nanoperating margin23.8 %rationannanNO_QUARTER_IN_FILENAME4d7d13c4-c0bb-46d4-8fb8-c64211 p25
nanoperating margin22.8 %rationannanNO_QUARTER_IN_FILENAME4df29a3d-78e4-47ca-a31b-b70935 p27
nanrevenue growth5 %rationannanNO_QUARTER_IN_FILENAME4df29a3d-78e4-47ca-a31b-b70935 p27
nanrevenue growth12 %rationannanNO_QUARTER_IN_FILENAME52513c8f-fcd2-4b4f-9013-0ea0fa p29
nanrevenue growth16 %rationannanNO_QUARTER_IN_FILENAME552c5320-45fe-4eaf-b4ff-66f5fb p5
nanrevenue growth5 %rationannanNO_QUARTER_IN_FILENAME552c5320-45fe-4eaf-b4ff-66f5fb p13
nanrevenue growth19 %rationannanNO_QUARTER_IN_FILENAME552c5320-45fe-4eaf-b4ff-66f5fb p15
nanrevenue growth17 %rationannanNO_QUARTER_IN_FILENAME552c5320-45fe-4eaf-b4ff-66f5fb p23
nanoperating margin23.6 %rationannanNO_QUARTER_IN_FILENAME552c5320-45fe-4eaf-b4ff-66f5fb p34
nanrevenue growth16 %rationannanNO_QUARTER_IN_FILENAME552c5320-45fe-4eaf-b4ff-66f5fb p34
nanrevenue growth20 %rationannanNO_QUARTER_IN_FILENAME594911cb-e856-4993-a3be-d2b790 p21
nanrevenue growth1 %rationannanNO_QUARTER_IN_FILENAME594911cb-e856-4993-a3be-d2b790 p28
nanrevenue growth25 %rationannanNO_QUARTER_IN_FILENAME5fc500d4-b9f9-4e96-812f-49e726 p5
nanrevenue growth25 %rationannanNO_QUARTER_IN_FILENAME6c924a14-ed38-4d6c-a499-bcb8a2 p12
nanrevenue growth4 %rationannanNO_QUARTER_IN_FILENAME6e6dea43-db7a-4075-82c6-71024e p6
nanprofit after tax6,603 croresmoneynannanNO_QUARTER_IN_FILENAME6e6dea43-db7a-4075-82c6-71024e p6
nanrevenue growth6 %rationannanNO_QUARTER_IN_FILENAME6e6dea43-db7a-4075-82c6-71024e p22
nanoperating margin23.3 %rationannanNO_QUARTER_IN_FILENAME6e6dea43-db7a-4075-82c6-71024e p22
nanrevenue growth4 %rationannanNO_QUARTER_IN_FILENAME6e6dea43-db7a-4075-82c6-71024e p22
nanrevenue growth6 %rationannanNO_QUARTER_IN_FILENAME6e6dea43-db7a-4075-82c6-71024e p22
nanrevenue growth2 %rationannanNO_QUARTER_IN_FILENAME76d3382e-27e5-42d2-8ae6-03bce8 p6
nanrevenue growth38 %rationannanNO_QUARTER_IN_FILENAME76d3382e-27e5-42d2-8ae6-03bce8 p28
nanrevenue growth36 %rationannanNO_QUARTER_IN_FILENAME76d3382e-27e5-42d2-8ae6-03bce8 p40
nanrevenue growth13 %rationannanNO_QUARTER_IN_FILENAME8aeb56ec-cd4d-4786-b37f-bae829 p17
nanrevenue growth15 %rationannanNO_QUARTER_IN_FILENAME8aeb56ec-cd4d-4786-b37f-bae829 p21
nanrevenue growth3 %rationannanNO_QUARTER_IN_FILENAME8be73094-4197-453b-9664-71af84 p6
nanrevenue growth2 %rationannanNO_QUARTER_IN_FILENAME8be73094-4197-453b-9664-71af84 p20
nanoperating margin23.8 %rationannanNO_QUARTER_IN_FILENAME8be73094-4197-453b-9664-71af84 p24
nanrevenue growth5 %rationannanNO_QUARTER_IN_FILENAME8be73094-4197-453b-9664-71af84 p24
nanrevenue growth2 %rationannanNO_QUARTER_IN_FILENAME8be73094-4197-453b-9664-71af84 p24
nanrevenue growth2 %rationannanNO_QUARTER_IN_FILENAME935a2031-ae72-4611-92f3-227ee7 p6
nanoperating margin23.1 %rationannanNO_QUARTER_IN_FILENAME935a2031-ae72-4611-92f3-227ee7 p30
nanrevenue growth3 %rationannanNO_QUARTER_IN_FILENAME935a2031-ae72-4611-92f3-227ee7 p30
nanrevenue growth1 %rationannanNO_QUARTER_IN_FILENAME935a2031-ae72-4611-92f3-227ee7 p30
nanoperating margin23.5 %rationannanNO_QUARTER_IN_FILENAME935a2031-ae72-4611-92f3-227ee7 p30
nanrevenue growth2 %rationannanNO_QUARTER_IN_FILENAME935a2031-ae72-4611-92f3-227ee7 p30
nanrevenue growth16 %rationannanNO_QUARTER_IN_FILENAME961de67c-677f-4bae-918a-808839 p15
nanrevenue growth2 %rationannanNO_QUARTER_IN_FILENAME961de67c-677f-4bae-918a-808839 p22
nanrevenue growth50.0 %rationannanNO_QUARTER_IN_FILENAME9d005c7b-caf7-48b9-bbe6-8bdecc p7
nanoperating margin23.5 %rationannanNO_QUARTER_IN_FILENAME9d005c7b-caf7-48b9-bbe6-8bdecc p37
nanrevenue growth4 %rationannanNO_QUARTER_IN_FILENAMEa3971977-8bf4-4041-b5a6-f28d48 p19
nanrevenue growth19 %rationannanNO_QUARTER_IN_FILENAMEa3971977-8bf4-4041-b5a6-f28d48 p21
nanrevenue growth16 %rationannanNO_QUARTER_IN_FILENAMEa3971977-8bf4-4041-b5a6-f28d48 p29
nanrevenue growth18 %rationannanNO_QUARTER_IN_FILENAMEa3971977-8bf4-4041-b5a6-f28d48 p33
nanoperating margin23.2 %rationannanNO_QUARTER_IN_FILENAMEb38b0312-d563-42a1-96e7-d61213 p21
nanoperating margin23.2 %rationannanNO_QUARTER_IN_FILENAMEb38b0312-d563-42a1-96e7-d61213 p21
nanrevenue growth2 %rationannanNO_QUARTER_IN_FILENAMEb38b0312-d563-42a1-96e7-d61213 p21
nanrevenue growth16 %rationannanNO_QUARTER_IN_FILENAMEbafbe090-ae6a-4174-a1e6-85350a p5
nanrevenue growth4 %rationannanNO_QUARTER_IN_FILENAMEbafbe090-ae6a-4174-a1e6-85350a p12
nanrevenue growth17 %rationannanNO_QUARTER_IN_FILENAMEbafbe090-ae6a-4174-a1e6-85350a p14
nanrevenue growth18 %rationannanNO_QUARTER_IN_FILENAMEbafbe090-ae6a-4174-a1e6-85350a p22
nanoperating margin23.3 %rationannanNO_QUARTER_IN_FILENAMEbafbe090-ae6a-4174-a1e6-85350a p27
nanrevenue growth16 %rationannanNO_QUARTER_IN_FILENAMEbafbe090-ae6a-4174-a1e6-85350a p27
nanrevenue growth18 %rationannanNO_QUARTER_IN_FILENAMEbafbe090-ae6a-4174-a1e6-85350a p27
nanrevenue growth10 %rationannanNO_QUARTER_IN_FILENAMEbf5fba81-9ac1-4a30-a027-450d52 p17
nanoperating margin23.7 %rationannanNO_QUARTER_IN_FILENAMEbff5375d-b069-467c-81e4-17f54b p31
nanrevenue growth1 %rationannanNO_QUARTER_IN_FILENAMEbff5375d-b069-467c-81e4-17f54b p31
nanoperating margin23.7 %rationannanNO_QUARTER_IN_FILENAMEbff5375d-b069-467c-81e4-17f54b p31
nanrevenue growth34 %rationannanNO_QUARTER_IN_FILENAMEc6258551-1ce0-46f3-beed-36004e p18
nanrevenue growth18 %rationannanNO_QUARTER_IN_FILENAMEc6258551-1ce0-46f3-beed-36004e p30
nanrevenue growth2 %rationannanNO_QUARTER_IN_FILENAMEc676b5d7-0588-4a1b-ae49-b4818e p20
nanrevenue growth11 %rationannanNO_QUARTER_IN_FILENAMEd1ea65be-99e7-49d2-97ae-951112 p5
nanrevenue growth20 %rationannanNO_QUARTER_IN_FILENAMEd1ea65be-99e7-49d2-97ae-951112 p23
nanrevenue growth11 %rationannanNO_QUARTER_IN_FILENAMEd1ea65be-99e7-49d2-97ae-951112 p30
nanrevenue growth19 %rationannanNO_QUARTER_IN_FILENAMEd1ea65be-99e7-49d2-97ae-951112 p31
nanoperating margin24.8 %rationannanNO_QUARTER_IN_FILENAMEd1ea65be-99e7-49d2-97ae-951112 p33
nanrevenue growth25 %rationannanNO_QUARTER_IN_FILENAMEd5ee5a5b-9836-47dd-99a0-65c481 p16
nanrevenue growth2 %rationannanNO_QUARTER_IN_FILENAMEd6e2c978-5e90-4739-8652-793f64 p16
nanrevenue growth5 %rationannanNO_QUARTER_IN_FILENAMEd6e2c978-5e90-4739-8652-793f64 p29
nanoperating margin24.6 %rationannanNO_QUARTER_IN_FILENAMEd6e2c978-5e90-4739-8652-793f64 p34
nanoperating margin24.6 %rationannanNO_QUARTER_IN_FILENAMEd6e2c978-5e90-4739-8652-793f64 p34
nanprofit after tax2,717 croresmoneynannanNO_QUARTER_IN_FILENAMEd6e2c978-5e90-4739-8652-793f64 p34
nanrevenue growth9 %rationannanNO_QUARTER_IN_FILENAMEf2f42ee7-0765-4ff4-8e3e-b779d1 p17