HUL delivered 6% revenue growth and 4% Underlying Volume Growth, its highest in 12 quarters, with broad-based category performance. EBITDA grew 3% (5% adjusted for gratuity impact), and Reported PAT surged 121% to Rs. 6,603 Cr, influenced by one-offs and fair valuations.
HUL completed the Ice Cream demerger and acquired the remaining 49% stake in OZiva for Rs. 824 Cr, divesting Nutritionalab for Rs. 307 Cr. Management highlighted improving macros and internal strategic actions, including quick commerce expansion and D2C brand scaling (Minimalist, OZiva now an Rs. 1,100 Cr ARR business), expecting FY'27 growth to surpass FY'26. Growth is the top priority, with EBITDA margins remaining within the 22-23% guided range (implied 22.5-23.5% post demerger). The outlook is confident on volume-led expansion and portfolio premiumisation.