HUL Revenue History — Quarter by Quarter

HUL's revenue moved from ₹15,000 Cr in Q2 FY24 to ₹16,351 Cr in Q4 FY26, a 9.0% change over 8 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹16,351 Cr	+8%
Q2 FY26	₹16,061 Cr	—
Q1 FY26	₹16,323 Cr	+5%
Q4 FY25	₹60,680 Cr	+2%
Q3 FY25	₹15,195 Cr	+2%
Q2 FY25	₹15,319 Cr	+2%
Q1 FY25	₹15,166 Cr	—
Q2 FY24	₹15,000 Cr	+4%

What management said about revenue

Q4 FY26 · FY27 to be better than FY26

Management expects FY27 performance to exceed FY26, driven by portfolio transformation and execution improvements.

Q4 FY26 · Price increases of 2-5% already taken

Calibrated price increases of 2-5% implemented across home care and personal care to offset input cost inflation.

Q3 FY26 · FY27 revenue growth better than FY26

Management expects FY27 top-line growth to exceed FY26, driven by improving macros and internal actions.

Q3 FY26 · H2 FY26 better than H1 FY26

Second half of FY26 is expected to show stronger growth than the first half, with Q3 as a normalized base.

Q3 FY26 · EBITDA margin to stay in 22-23% range

Consolidated EBITDA margin will remain within the guided range of 22-23% (excluding ice cream), as growth investments are prioritized.

Q3 FY26 · Low single-digit price increases expected over FY27

Calibrated price increases across portfolio, especially in home care, to offset input cost inflation.

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.

Q2 FY26 · Low single-digit price growth expected

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

Q1 FY26 · First half FY26 better than second half FY25

Growth guidance unchanged: H1 FY26 expected to be better than H2 FY25, with gradual recovery sustained.

Q1 FY26 · Low single-digit price growth if commodities stay in current range

If commodity prices remain within the current range, management anticipates low single-digit price growth.

Q4 FY25 · EBITDA margin guidance of 22%-23% for next 2-3 quarters

Management expects EBITDA margin to be in the 22%-23% range for the next 2-3 quarters as they step up investments behind growth, before returning to modest expansion.

Q4 FY25 · First half of FY26 to be better than second half of FY25

Management expects growth trends to gradually improve in H1 FY26 due to improving macro conditions and internal portfolio transformation actions.