Pace of volume recovery key for gains in Hindustan Unilever stock

Hindustan Unilever Ltd’s (HUL’s) second quarter 2025-26 (Q2FY26) consolidated revenue rose 2 per cent to ₹16,250 crore, with low or flat volume growth. Demand remained stable but goods and services tax (GST) transition and prolonged monsoon hurt offtake. Management expects the second half of the current financial year (H2FY26) to be better than H1FY26.

 

Net sales grew 2.1 per cent year-on-year (Y-o-Y) to ₹16,060 crore while underlying volume growth (UVG) was flat Y-o-Y. Home care revenue declined 1 per cent YoY (UVG up mid-single digit), beauty and wellbeing rose 9.1 per cent Y-o-Y (UVG flat), personal care was flat Y-o-Y