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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 2022 INRUSD
Revenue523,060M7,020.03M
Gross Profit223,580M3,000.68M
Operating income118,160M1,585.83M
Income before tax118,740M1,593.61M
Net income88,740M1,190.98M
EBITDA129,070M1,732.25M
Diluted EPS37.780.50
Dividends Per Share340.45
Total Assets705,170M9,306.10M
Total liabilities214,300M2,828.10M
Total equity490,610M6,474.56M
Operating cash flow92,080M1,235.81M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 353,730M 391,370M 396,120M 469,200M 523,060M
Gross Profit 155,390M 174,910M 179,960M 207,080M 223,580M
Operating income 69,260M 82,710M 88,340M 106,110M 118,160M
Income before tax 73,040M 86,040M 91,730M 106,060M 118,740M
Net income 52,120M 60,540M 67,560M 79,960M 88,740M
EBITDA 74,460M 88,360M 98,360M 116,850M 129,070M
Diluted EPS 24.08 27.96 31.16 34.02 37.78
Dividends Per Share 20 22 25 31 34
Total Assets 178,620M 186,290M 201,530M 687,570M 705,170M
Total liabilities 105,610M 107,440M 119,070M 210,630M 214,300M
Total equity 72,810M 78,670M 82,290M 476,740M 490,610M
Operating cash flow 63,550M 60,830M 79,650M 94,350M 92,080M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 5,487.07M 5,595.58M 5,586.55M 6,320.46M 7,020.03M
Gross Profit 2,410.41M 2,500.76M 2,538.00M 2,789.51M 3,000.68M
Operating income 1,074.36M 1,182.53M 1,245.87M 1,429.37M 1,585.83M
Income before tax 1,132.99M 1,230.14M 1,293.68M 1,428.70M 1,593.61M
Net income 808.48M 865.56M 952.81M 1,077.11M 1,190.98M
EBITDA 1,155.02M 1,263.31M 1,387.18M 1,574.05M 1,732.25M
Diluted EPS 0.37 0.39 0.43 0.45 0.50
Dividends Per Share 0.31 0.31 0.35 0.41 0.45
Total Assets 2,738.65M 2,689.13M 2,663.93M 9,404.11M 9,306.10M
Total liabilities 1,619.24M 1,550.92M 1,573.93M 2,880.85M 2,828.10M
Total equity 1,116.34M 1,135.61M 1,087.75M 6,520.52M 6,474.56M
Operating cash flow 985.79M 869.71M 1,123.31M 1,270.96M 1,235.81M

Valuation Measures

Mar 2022
PER54.21
ROA12.74%
ROE18.34%
Operating margin22.59%
Profit margin16.96%

Key executives

  • Chief Executive Officer, Director & MD: Sanjiv Soshil Mehta
  • CFO, Executive Director-Finance & IT: 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 Corporation of India (Investment Portfolio) (5.0%)
  • The Vanguard Group, Inc. (1.2%)
  • SBI Funds Management Pvt Ltd. (1.1%)
  • BlackRock Fund Advisors (0.8%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (0.5%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.3%)
  • BlackRock Advisors (UK) Ltd. (0.3%)
  • Aberdeen Standard Investments (Asia) Ltd. (0.3%)
  • Mirae Asset Financial Services (India) Pvt Ltd. (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

  • Natura & Co Holding SA
  • Dr. Reddy's Laboratories Ltd.
  • Agro Tech Foods Limited
  • A. O. Smith Corporation
Last Updated on 4 Jul, 2022

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