Q4 FY26 Performance Snapshot Revenue: ₹16,172 crore (+8.1% YoY) EBITDA: ₹37.25B vs ₹34.7B YoY EBITDA Margin: 23.88% vs 23.11% YoY Net Profit: ₹29B vs ₹25B YoY (estimate ₹26B) Volume Growth: 6% vs estimate 4–5% Dividend: Final dividend of ₹22/share; total FY26 dividend ₹41/share 📈 Key Fundamentals Market Cap: ₹5.61 trillion Current Price: ₹2,237.45 (down ~3.3% post-results) 52-Week Range: ₹2,023 – ₹2,736 Dividend Yield: 1.86% Average Volume: ~2.5M shares 📊 Financial Ratios (FY26) P/E Ratio 52.4x Premium vs FMCG peers (Unilever PLC ~16x, Colgate ~23x) RoE ~21.6% Healthy, improving to 24–25% in FY27E RoCE ~29.8% Strong capital efficiency EV/EBITDA ~36.6x High vs global FMCG average (~12–15x) Dividend Payout ~91% Consistent high shareholder returns 📌 Financial Strengths Resilient demand: Volume-led growth across categories (Home Care, Beauty & Wellbeing, Personal Care). Margin expansion: Cost efficiencies and premiumization supported EBITDA margin improvement. Cash generation: Strong free cash flow, enabling high dividend payout. Strategic investments: Acquisitions (Minimalist, OZiva) and premium formats strengthen portfolio. ⚠️ Risks & Considerations Valuation premium: At >52x P/E, HUL trades at a steep premium to peers. Commodity volatility: Rising crude and input costs could pressure margins. Global uncertainty: Currency swings and geopolitical risks may affect raw material sourcing. Growth dependency: Sustained rural recovery and premium product adoption are critical for momentum.