Overview

• Hindustan Unilever Ltd. reported underlying volume growth of 4% in Q1 FY26, up from 2% in the prior two years, with revenue climbing 5.2% to ₹15,689 crore.
• The company’s EBITDA margin contracted by 134 basis points to 22.8% as it increased spending on advertising and innovation.
• Brokerages including Macquarie, Morgan Stanley and UBS raised their target prices and maintained positive ratings on expectations of stronger rural demand and digital channel gains.
• HUL shares jumped nearly 12% over two sessions following the results, reflecting renewed investor confidence in the volume-led recovery.
• Incoming CEO Priya Nair is set to assume leadership and deepen investments in digital-first initiatives to drive the next phase of growth.