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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 2020 INRUSD
Revenue396,120M5,586.55M
Gross Profit179,960M2,538.00M
Operating income88,340M1,245.87M
Income before tax91,730M1,293.68M
Net income67,560M952.81M
EBITDA98,360M1,387.18M
Diluted EPS31.160.43
Dividends Per Share250.35
Total Assets201,530M2,663.93M
Total liabilities119,070M1,573.93M
Total equity82,290M1,087.75M
Operating cash flow79,650M1,123.31M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 321,860M 331,620M 353,730M 391,370M 396,120M
Gross Profit 136,110M 140,550M 155,390M 174,910M 179,960M
Operating income 57,630M 60,150M 69,260M 82,710M 88,340M
Income before tax 60,420M 64,790M 73,040M 86,040M 91,730M
Net income 41,460M 44,880M 52,120M 60,540M 67,560M
EBITDA 61,160M 64,470M 74,460M 88,360M 98,360M
Diluted EPS 19.12 20.67 24.08 27.96 31.16
Dividends Per Share 16 17 20 22 25
Total Assets 147,940M 157,060M 178,620M 186,290M 201,530M
Total liabilities 82,010M 89,400M 105,610M 107,440M 119,070M
Total equity 65,730M 67,440M 72,810M 78,670M 82,290M
Operating cash flow 45,170M 54,490M 63,550M 60,830M 79,650M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 4,916.08M 4,945.34M 5,487.07M 5,595.58M 5,586.55M
Gross Profit 2,078.94M 2,095.97M 2,410.41M 2,500.76M 2,538.00M
Operating income 880.23M 896.99M 1,074.36M 1,182.53M 1,245.87M
Income before tax 922.85M 966.19M 1,132.99M 1,230.14M 1,293.68M
Net income 633.25M 669.28M 808.48M 865.56M 952.81M
EBITDA 934.15M 961.41M 1,155.02M 1,263.31M 1,387.18M
Diluted EPS 0.29 0.30 0.37 0.39 0.43
Dividends Per Share 0.24 0.25 0.31 0.31 0.35
Total Assets 2,233.98M 2,418.72M 2,738.65M 2,689.13M 2,663.93M
Total liabilities 1,238.40M 1,376.76M 1,619.24M 1,550.92M 1,573.93M
Total equity 992.56M 1,038.57M 1,116.34M 1,135.61M 1,087.75M
Operating cash flow 689.92M 812.59M 985.79M 869.71M 1,123.31M

Valuation Measures

Mar 2020
PER73.72
ROA34.84%
ROE83.94%
Operating margin22.30%
Profit margin17.05%

Key executives

  • Chairman, Chief Executive Officer & MD: Sanjiv Soshil Mehta
  • CFO, Executive Director-Finance & Director: Srinivas Phatak
  • Executive Director-Research & Development: Vibhav Sanzgiri
  • Secretary, Director & Executive Director-Legal: Dev Bajpai
  • Director & Executive Director-Supply Chain: Willem Uijen

Shareholders

  • Unilever Plc (61.9%)
  • Life Insurance Corp of India (2.3%)
  • The Vanguard Group, Inc. (1.3%)
  • SBI Funds Management Pvt Ltd. (0.9%)
  • BlackRock Fund Advisors (0.7%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (0.6%)
  • ICICI Prudential Asset Management Co. Ltd. (0.4%)
  • GIC Pte Ltd. (Investment Management) (0.4%)
  • Kotak Mahindra Asset Management Co. Ltd. (0.3%)
  • UTI Asset Management Co. Ltd. (Investment Management) (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

  • Levindra Trust Ltd.
  • Levers Associated Trust Ltd.
  • Jamnagar Properties Pvt Ltd.
  • Hindlever Trust Ltd.
  • Daverashola Estates Pvt Ltd.
  • Mosons Extractions Pvt Ltd. /Brand/
  • Aquagel Chemicals Pvt Ltd.
  • Bhavishya Alliance Child Nutrition Initiatives
  • Hindustan Unilever Foundation
  • Unilever Nepal Ltd.
  • Lakme Lever Pvt Ltd.
  • Hindustan Unilever Field Services Pvt Ltd.
  • Pond's Export Ltd.
  • Hindustan Lever Chemicals Ltd.
  • Unilever India Exports Ltd.
  • Amalgam Foods Ltd. /Shrimps & Pasteurized Crabmeat Bus/
  • Modern Foods Industries Ltd.
  • International Bestfoods Ltd
  • Vashishti Detergents Ltd.

Competitors

  • Dr. Reddy's Laboratories Ltd.
  • Agro Tech Foods Limited
  • A. O. Smith Corporation
Last Updated on 25 Sep, 2020

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