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Consumer Non-Durables

Hindustan Unilever Ltd.

Company Background

Hindustan Unilever, a unit of British-Dutch company Unilever, is India's largest marketer of consumer products. The company sells more than 30 brands of soap, detergent, food and other products and employs more than 15,000 workers, including those at its local manufacturing plants.

While it was founded in 1931, the predecessor to Hindustan Unilever had ties with Unilever the date back to the 1880s when Lever Brothers, the forerunner of Unilever, was selling imported soap in India.

In the 1970s and 1980s, Unilever took over Brooke Bond, Lipton and other companies and their subsidiaries in India were consolidated into the Indian unit of Unilever. Hindustan Unilever bought a number of Indian companies, including some that were under major conglomerate Tata Group's umbrella, in the 1990s.

Hindustan Unilever is known for its Shakti project, which encourages the employment of young residents in India's rural areas as sales staff. These employees sell small batches of low-priced soap and other products in their areas. Products under the company's brands sell well in both urban and rural areas.

In 2013, Unilever raised its stake in Hindustan Unilever from a little more than 50% to just under 70%.

Business Summary

Hindustan Unilever Ltd. engages in the manufacture of consumer goods. It operates through the following segments: Home Care, Beauty and Personal Care, Foods and Refreshments, and Others. The Home Care segment includes detergent bars, detergent powders, detergent liquids, scourers, and water business. The Beauty and Personal Care segment comprises of categories of oral care, skin care, hair care, deodorants, talcum powder, colour cosmetics, and salon services. The Foods and Refreshments segment offers branded staples, culinary products, tea, coffee and frozen desserts. The Others segment relates to exports and infant care products. The company was founded in November 1956 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2021 INRUSD
Revenue469,200M6,320.46M
Gross Profit207,080M2,789.51M
Operating income106,110M1,429.37M
Income before tax106,060M1,428.70M
Net income79,960M1,077.11M
EBITDA116,850M1,574.05M
Diluted EPS34.020.45
Dividends Per Share310.41
Total Assets687,570M9,404.11M
Total liabilities210,630M2,880.85M
Total equity476,740M6,520.52M
Operating cash flow94,350M1,270.96M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 331,620M 353,730M 391,370M 396,120M 469,200M
Gross Profit 140,550M 155,390M 174,910M 179,960M 207,080M
Operating income 60,150M 69,260M 82,710M 88,340M 106,110M
Income before tax 64,790M 73,040M 86,040M 91,730M 106,060M
Net income 44,880M 52,120M 60,540M 67,560M 79,960M
EBITDA 64,470M 74,460M 88,360M 98,360M 116,850M
Diluted EPS 20.67 24.08 27.96 31.16 34.02
Dividends Per Share 17 20 22 25 31
Total Assets 157,060M 178,620M 186,290M 201,530M 687,570M
Total liabilities 89,400M 105,610M 107,440M 119,070M 210,630M
Total equity 67,440M 72,810M 78,670M 82,290M 476,740M
Operating cash flow 54,490M 63,550M 60,830M 79,650M 94,350M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 4,945.34M 5,487.07M 5,595.58M 5,586.55M 6,320.46M
Gross Profit 2,095.97M 2,410.41M 2,500.76M 2,538.00M 2,789.51M
Operating income 896.99M 1,074.36M 1,182.53M 1,245.87M 1,429.37M
Income before tax 966.19M 1,132.99M 1,230.14M 1,293.68M 1,428.70M
Net income 669.28M 808.48M 865.56M 952.81M 1,077.11M
EBITDA 961.41M 1,155.02M 1,263.31M 1,387.18M 1,574.05M
Diluted EPS 0.30 0.37 0.39 0.43 0.45
Dividends Per Share 0.25 0.31 0.31 0.35 0.41
Total Assets 2,418.72M 2,738.65M 2,689.13M 2,663.93M 9,404.11M
Total liabilities 1,376.76M 1,619.24M 1,550.92M 1,573.93M 2,880.85M
Total equity 1,038.57M 1,116.34M 1,135.61M 1,087.75M 6,520.52M
Operating cash flow 812.59M 985.79M 869.71M 1,123.31M 1,270.96M

Valuation Measures

Mar 2021
PER71.43
ROA17.98%
ROE28.60%
Operating margin22.61%
Profit margin17.04%

Key executives

  • Chairman, Chief Executive Officer & MD: Sanjiv Soshil Mehta
  • Chief Financial Officer & Executive Director: Ritesh Tiwari
  • Executive Director-Research & Development: Vibhav Sanzgiri
  • Secretary, Director & Executive Director-Legal: Devopam Narendra Bajpai
  • EVP-Financial Control & Risk Management: Srinivas Phatak

Shareholders

  • Unilever Plc (61.9%)
  • Life Insurance Corp of India (3.5%)
  • The Vanguard Group, Inc. (1.2%)
  • SBI Funds Management Pvt Ltd. (0.9%)
  • BlackRock Fund Advisors (0.8%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (0.5%)
  • Norges Bank Investment Management (0.4%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.4%)
  • Aberdeen Standard Investments (Asia) Ltd. (0.3%)
  • General Insurance Corp. of India (Invt Port) (0.3%)

Contact Details

  • Website:http://www.hul.co.in
  • Address: Unilever House, B. D. Sawant Marg, Mumbai, 400099, India
  • Phone: +91.22.50433000

Related Companies

  • Unilever India Ltd.
  • Levindra Trust Ltd.
  • Levers Associated Trust Ltd.
  • Jamnagar Properties Pvt Ltd.
  • Hindlever Trust Ltd.
  • Daverashola Estates Pvt Ltd.
  • Mosons Extractions Pvt Ltd. /Brand/
  • Bhavishya Alliance Child Nutrition Initiatives
  • Hindustan Unilever Foundation
  • Unilever Nepal Ltd.
  • Lakme Lever Pvt Ltd.
  • Pond's Export Ltd.
  • Lever Faberge Deutschland GmbH
  • Unilever India Exports Ltd.
  • Amalgam Foods Ltd. /Shrimps & Pasteurized Crabmeat Bus/
  • International Bestfoods Ltd
  • Vashishti Detergents Ltd.
  • GlaxoSmithKline Consumer Healthcare Ltd.

Competitors

  • Dr. Reddy's Laboratories Ltd.
  • Agro Tech Foods Limited
  • A. O. Smith Corporation
Last Updated on 24 Sep, 2021

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