HUL Q2 FY27: Sales +15%, But Margin Dips to 22.6%

📊 Hindustan Unilever

Q2 FY27 results are out: the strongest underlying sales growth in 14 quarters, but margins tell a different story. Key numbers (Q2 FY27 vs Q2 FY26): ✅ Revenue from operations: ₹18,226 Cr, up 14.5% ✅ Underlying sales growth 15%, underlying volume growth 7% ✅ Net profit: ₹2,790 Cr, up 3.9% (PAT before exceptional items up 9.5%) ✅ EBITDA: ₹4,089 Cr, up 8%; EBITDA margin down 140 bps to 22.6% ✅ Home Care revenue up 21.4%, Beauty & Wellbeing up 15.7%; Personal Care volumes flat ✅ Interim dividend of ₹19 per share (record date 12 Nov 2026) ✅ Management keeps 22–24% EBITDA margin guidance and flags short-term commodity inflation What to study: Is this volume-led growth sustainable if input costs rise? Can the premium portfolio protect margins? ❓ For FMCG companies, what matters more to you: volume growth or margins? Share your view in the comments 👇 📲 For daily market notes, search "Neha Gupta SEBI RA" on Telegram and join the FREE channel. Neha Gupta | SEBI Registered Research Analyst | Reg. No. INH000016542 ⚠️ Disclaimer: This content is for educational purposes only and is not investment advice or a buy/sell recommendation. Investments in the securities market are subject to market risks. Read all related documents carefully before investing.