Hindustan Unilever (HINDUNILVR) Q4 24/25 earnings summary

Executive summary

• Turnover for FY25 reached INR 60,680 crore, up 2% YoY, with underlying sales and volume growth both at 2%.

• Profit after tax for FY25 was INR 10,644 crore, a 5% increase YoY; EPS rose 5% to INR 45.30.

• Portfolio transformation, premiumization, and digital investments drove growth, with strong innovation and relaunches in key segments.

• Completed acquisition of Minimalist (FY25 turnover > INR 500 crore); divestment of Pureit; demerger of ice cream business on track.

• Board recommended a total dividend of INR 53/share for FY25, up 26% YoY.

Financial highlights

• FY25 EBITDA was INR 14,289 crore, margin at 23.5%, down 30 bps YoY; gross margin at 50.3%.

• PAT before exceptionals up 1% to INR 10,221 crore; PAT up 5% to INR 10,644 crore.

• Q4 underlying sales growth at 3%, volume growth at 2%; Q4 gross margin at 49.8%.

• Board proposed total dividend of INR 53/share for FY25.

• Cash and cash equivalents at year-end stood at INR 5,947 crore (standalone).

Outlook and guidance

• Growth expected to improve through FY26, driven by macro tailwinds and portfolio actions.

• EBITDA margin guidance revised to 22%-23% for the next 2-3 quarters to support investments.

• Long-term aspiration for modest margin improvement remains; margin expansion expected as growth returns.