Hindustan Unilever
Hindustan Unilever Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Hindustan Unilever Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Hindustan Unilever Ltd trades at a P/E of 48.04× and P/B of 10.46×, against the Consumer Defensive sector median P/E of 33.69×.
Valuation
Profitability
Growth
Financial Health
Hindustan Unilever Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Hindustan Unilever Ltd, switchable between annual and quarterly views, consolidated or standalone.
Hindustan Unilever Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹5,08,146.09 Cr and reported EPS of ₹45.15.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 36,238 | 39,310 | 39,783 | 47,028 | 52,446 | 60,580 | 61,896 | 63,121 | 64,468 |
| Other Income | 384 | 550 | 632 | 410 | 258 | 512 | 811 | 1,017 | 751 |
| Total Income | 36,622 | 39,860 | 40,415 | 47,438 | 52,704 | 61,092 | 62,707 | 64,138 | 65,219 |
| Cost of Goods Sold (COGS) | 16,730 | 18,474 | 18,259 | 22,148 | 25,735 | 31,716 | 29,760 | 30,578 | 31,665 |
| Gross Profit | 19,508 | 20,836 | 21,524 | 24,880 | 26,711 | 28,864 | 32,136 | 32,543 | 32,803 |
| +Operating Expenses | 12,009 | 11,956 | 11,663 | 13,254 | 13,854 | 14,715 | 17,473 | 17,692 | 17,749 |
| EBITDA | 7,499 | 8,880 | 9,861 | 11,626 | 12,857 | 14,149 | 14,663 | 14,851 | 15,054 |
| +Non-Operating Expenses | 513 | 370 | 920 | 952 | 1,153 | 1,187 | 1,556 | 2,055 | 1,508 |
| Profit Before Tax (PBT) | 7,304 | 8,604 | 9,173 | 10,606 | 11,874 | 13,346 | 13,930 | 14,423 | 13,827 |
| +Tax Expense | 2,079 | 2,544 | 2,409 | 2,606 | 2,987 | 3,201 | 3,644 | 3,744 | 3,160 |
| Profit After Tax (PAT) | 5,227 | 6,060 | 6,756 | 7,999 | 8,892 | 10,143 | 10,282 | 10,671 | 15,059 |
| Earnings Per Share (EPS) | 24.09 | 27.97 | 31.17 | 34.03 | 37.79 | 43.07 | 43.74 | 45.32 | 64.01 |
| Diluted Shares Outstanding (Nos.) | 216 | 216 | 216 | 235 | 235 | 235 | 235 | 235 | 235 |
| +Additional Disclosures | 46,019 | 49,504 | 49,212 | 58,765 | 66,654 | 79,393 | 78,569 | 80,593 | 87,435 |
| Sales Growth % | — | 8.48 | 1.20 | 18.21 | 11.52 | 15.51 | 2.17 | 1.98 | 2.13 |
| YoY Sales Growth % | — | 8.48 | 1.20 | 18.21 | 11.52 | 15.51 | 2.17 | 1.98 | 2.13 |
| Material Cost % | 36 | 35 | 30 | 33 | 31 | 33 | 31 | 31 | 33 |
| Employee Cost % | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Other Cost % | 28 | 26 | 25 | 23 | 22 | 20 | 23 | 23 | 23 |
| OPM % | 21 | 23 | 25 | 25 | 25 | 23 | 24 | 24 | 23 |
| Tax % | 28 | 30 | 26 | 25 | 25 | 24 | 26 | 26 | 23 |
| Profit Growth % | — | 15.94 | 11.49 | 18.40 | 11.16 | 14.07 | 1.37 | 3.78 | 41.12 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 6,979 | 8,315 | 8,859 | 10,552 | 11,766 | 13,012 | 13,447 | 13,496 | 13,721 |
Hindustan Unilever segment analysis: revenue and profit mix.
Disclosed business segments at Hindustan Unilever with their share of revenue and profit, switchable between consolidated and standalone reporting.
Hindustan Unilever discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Hindustan Unilever Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Hindustan Unilever Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Hindustan Unilever Ltd's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Hindustan Unilever Ltd exhibits robust financial health with an impressive Return on Equity (ROE) of 20.70% and Return on Capital Employed (ROCE) of 27.80%, showcasing efficient capital utilization and strong profitability.
The company maintains a very low debt-to-equity ratio of 0.04, indicating a strong balance sheet and minimal reliance on external debt, which enhances financial stability and resilience during economic downturns.
A significant promoter holding of 61.9% reflects strong management confidence in the company's future prospects and provides stability, reducing the risk of hostile takeovers and aligning interests with long-term growth.
Hindustan Unilever demonstrates consistent operational efficiency with a healthy Operating Profit Margin (OPM) of 23.00%, contributing to its substantial annual profit after tax of ₹10,578 crore.
As a leading player in the Fast Moving Consumer Goods (FMCG) sector, Hindustan Unilever can capitalize on India's growing population and rising disposable incomes, driving demand for its diversified product portfolio.
What can break it.
The company's Price-to-Earnings (P/E) ratio stands at a high 55.20, suggesting the stock might be overvalued compared to its earnings, potentially limiting future upside and posing a risk for new investors.
Hindustan Unilever's Price-to-Book Value (P/BV) of 12.00 is quite elevated, indicating the market is pricing the company at a significant premium to its net asset value, which may not be sustainable.
Recent quarterly performance shows a slight decline in profit, with a quarter-on-quarter profit variation of -2.14%, indicating a potential slowdown in short-term earnings momentum that warrants close monitoring.
The stock has shown recent volatility, with daily price changes up to -3.27% over the last five days, which could be a concern for short-term investors seeking stable returns.
The highly competitive Fast Moving Consumer Goods (FMCG) sector poses a constant threat, with aggressive pricing and new product launches from rivals potentially impacting Hindustan Unilever's market share and profitability.
What would change my mind.
Trim if P/E re-rates above 62 (~1.8× the sector multiple of 33.7). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 3.52. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 17%. The operating engine is no longer compounding capital efficiently.
Hindustan Unilever Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Hindustan Unilever Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Hindustan Unilever Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Hindustan Unilever Ltd — derived from the live tape, not yesterday's close.
Hindustan Unilever Ltd last traded at ₹2,168.8 with an intraday range of ₹2,145–₹2,179.4 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹2168.80| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 2252.60 | +83.80 | +3.86% |
| R3 | 2218.20 | +49.40 | +2.28% |
| R2 | 2198.80 | +30.00 | +1.38% |
| R1 | 2183.80 | +15.00 | +0.69% |
| PIVOT | 2164.40 | -4.40 | -0.20% |
| CURRENT | 2168.80 | — | — |
| S1 | 2080.60 | -88.20 | -4.07% |
| S2 | 2115.00 | -53.80 | -2.48% |
| S3 | 2130.00 | -38.80 | -1.79% |
| S4 | 2149.40 | -19.40 | -0.89% |
HINDUNILVR is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: 2151.2 ~ 2179.4
Trading Above opening range, showing Bullishness
Hindustan Unilever Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Hindustan Unilever Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Hindustan Unilever Ltd stood at 52.5% of traded volume, against a 20-day average of 59.3%.
Hindustan Unilever announcements: results, concalls, ratings, M&A.
Filings Hindustan Unilever sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Hindustan Unilever files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 157 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
Audio Video recording of the Earnings Conference Call held on 30th April, 2026
General Updates
The Board at its meeting held on 30th April, 2026, decided to hold the 93rd Annual General Meeting of the Company on Tuesday, 30th June, 2026.
Record Date
Record Date for Final Dividend for FY 2025-26 is 23rd June, 2026.
Investor decks & rating reports.
Hindustan Unilever insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Hindustan Unilever as reported to SEBI — buying and selling signals from the people who know the business best.
Hindustan Unilever insider activity below tracks 1 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| GERARD ANTHUAN FRANCIS IRUDAYARAJ | Insider | 04 Feb 2025 | sell | −600 | ₹14.56 L | ₹2,427.01 |
Hindustan Unilever dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Hindustan Unilever has declared, sequenced by announce and record date.
Hindustan Unilever corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Hindustan Unilever Ltd: business, sector, key facts.
What Hindustan Unilever Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Hindustan Unilever Ltd operates in the Consumer Defensive, listed as NSE: HINDUNILVR, BSE: 500696.
Hindustan Unilever Limited (HUL) is a prominent multinational fast-moving consumer goods (FMCG) company with a substantial presence in India and international markets. Its core business revolves around the manufacturing and distribution of a wide range of products catering to diverse consumer needs, segmented into five key areas: Home Care, Beauty and Wellbeing, Personal Care, Food, and Other.
The Home Care segment forms a significant part of HUL's operations, encompassing a comprehensive portfolio of cleaning products. This includes detergent bars, powders, and liquids, along with scourers, targeting a broad consumer base across various socioeconomic groups. The scale and reach of this segment contribute significantly to HUL's overall market share and revenue.
HUL's Beauty and Wellbeing segment focuses on enhancing consumer appearance and well-being through a diverse array of skin and hair care products. This segment leverages trends in personal care and beauty, offering products that address a range of consumer preferences and needs, from basic hygiene to specialized treatments.
The Personal Care segment complements the Beauty and Wellbeing offerings by providing essential daily-use products. This includes skin cleansing products, oral care items, and deodorants, catering to the everyday hygiene and grooming needs of consumers across different age groups and demographics. This segment benefits from its high-frequency purchase nature.
HUL's Food segment plays a vital role, concentrating on beverages and lifestyle nutrition products. This includes prominent brands of tea, coffee, and other food items targeting health-conscious and convenience-seeking consumers. This segment represents a diversified revenue stream, leveraging the evolving food and beverage consumption patterns in India and globally.
The "Other" segment encompasses activities that support the core business, including export operations, consignment activities, beauty salons, job work, real estate ventures, and trust management. These diverse activities contribute to the overall financial performance of the company, though their contribution to overall revenue is likely smaller than the core segments.
Questions investors ask about Hindustan Unilever Ltd (HINDUNILVR).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Hindustan Unilever Ltd (HINDUNILVR)?
The current share price of Hindustan Unilever Ltd (HINDUNILVR) is ₹2,168.8. Today, the stock has gained by ₹29.00 (1.36%), trading in a range of ₹2,145 to ₹2,179.4. The stock opened at ₹2,151.2 with a trading volume of 11,56,153 shares.
02Is Hindustan Unilever Ltd stock a good investment for long-term?
Hindustan Unilever Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹5,08,146.09 crores, P/E ratio of 48.04, ROE of 21.60%, and ROCE of 27.80%. The dividend yield stands at 2.06%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Hindustan Unilever Ltd stock?
The 52-week high price of Hindustan Unilever Ltd (HINDUNILVR) is ₹0, while the 52-week low is ₹0. Currently trading at ₹2,168.8, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Hindustan Unilever Ltd stock at the current price?
Whether to buy Hindustan Unilever Ltd stock at ₹2,168.8 depends on multiple factors. The stock is currently trading with a P/E ratio of 48.04 and P/B ratio of 10.46. Today's performance shows a gain of 1.36%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Hindustan Unilever Ltd and when is the next dividend?
Hindustan Unilever Ltd offers a dividend yield of 2.06%, which means for every ₹100 invested at the current price of ₹2,168.8, you can expect to receive approximately ₹2.06 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Hindustan Unilever Ltd?
Hindustan Unilever Ltd's key financial metrics include: P/E Ratio: 48.04, P/B Ratio: 10.46, ROE: 21.60%, ROCE: 27.80%, Dividend Yield: 2.06%, EPS: ₹45.15, Book Value: ₹207.44, and Debt-to-Equity: 3.02. The company's market cap stands at ₹5,08,146.09 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Hindustan Unilever Ltd stock performing today in the market?
Hindustan Unilever Ltd stock opened at ₹2,151.2 and is currently trading at ₹2,168.8, showing a gain of ₹29.00 (1.36%). The intraday high is ₹2,179.4 and low is ₹2,145. The trading volume stands at 11,56,153 shares, indicating strong market participation today.
08What is the P/E ratio of Hindustan Unilever Ltd and what does it indicate?
Hindustan Unilever Ltd has a Price-to-Earnings (P/E) ratio of 48.04, which means investors are willing to pay ₹48.04 for every ₹1 of earnings. With an EPS of ₹45.15, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Hindustan Unilever Ltd (HINDUNILVR) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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