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HINDUNILVR Consumer 23 Jan 2026

Hindunilvr Ltd — Q3 FY26

HUL delivered a steady Q3 FY26 with 6% revenue growth and 4% underlying volume growth, the highest in 12 quarters.

bullish high
Compare with...
Revenue ₹16,441 Cr +6%
EBITDA ₹3,788 Cr +3%
PAT ₹6,603 Cr +1%
EBITDA Margin 23%
Duration 80 min
Read Time 1 min read

✓ Verified against BSE filing

Delivery score0%
Due this quarter4
Delivered0
Missed4

Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.

Q2 FY26

H2 growth better than H1

Management expects second half of FY26 to deliver better growth than first half, driven by improving macros and internal initiatives.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1
Q2 FY26

EBITDA margin guidance 22%-23%

Near-to-mid-term EBITDA margin guidance remains 22%-23%, with ice cream demerger adding 50-60 bps to reported margin from Q3.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1
Q2 FY26

Low single-digit price growth expected

If commodity prices remain at current levels, management expects low single-digit price growth going forward.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1
Q2 FY26

Ice cream demerger timeline

Ice cream demerger expected to complete in December quarter, with listing in Q4 FY26, subject to regulatory approvals.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1