HUL revenue rises 10% in Q1 as brokerages cut targets despite constructive outlook
Hindustan Unilever reported Q1 revenue of Rs 17,341 crore, up 10% year-on-year, while net profit fell 3% to Rs 2,673 crore. Underlying volume growth was 5%, with Home Care up 13%. Goldman Sachs and Citi lowered targets but retained a broadly positive view on demand, premiumisation and margins.
HUL’s Q1 revenue rose 10% but profit fell 3% and volume growth reached 5%, below expectations. Brokerages retained broadly positive ratings despite target cuts, citing stable urban-rural demand, premiumisation, pricing-led growth and resilient margins through FY27.
Why this matters
The results follow signals that HUL posted its strongest sales growth in 13 quarters and 10% underlying sales growth, while Q1 profit and volume growth missed expectations amid commodity pressure.
Retail-company signals are accelerating, up 399200% QoQ.