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	INR	USD
Revenue	523,060M	7,020.03M
Gross Profit	223,580M	3,000.68M
Operating income	118,160M	1,585.83M
Income before tax	118,740M	1,593.61M
Net income	88,740M	1,190.98M
EBITDA	129,070M	1,732.25M
Diluted EPS	37.78	0.50
Dividends Per Share	34	0.45
Total Assets	705,170M	9,306.10M
Total liabilities	214,300M	2,828.10M
Total equity	490,610M	6,474.56M
Operating cash flow	92,080M	1,235.81M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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
PER	54.21
ROA	12.74%
ROE	18.34%
Operating margin	22.59%
Profit margin	16.96%

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
Executive Director-Foods & Refreshment: Srinandan Sundaram

Shareholders

Unilever Plc (61.9%)
Life Insurance Corporation of India (Investment Portfolio) (5.0%)
SBI Funds Management Pvt Ltd. (1.3%)
The Vanguard Group, Inc. (1.2%)
BlackRock Fund Advisors (0.8%)
ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (0.5%)
UTI Asset Management Co. Ltd. (Investment Management) (0.4%)
BlackRock Advisors (UK) Ltd. (0.4%)
SBI Life Insurance Co. Ltd. (Investment Portfolio) (0.3%)
Norges Bank 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

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Competitors

Natura & Co Holding SA
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Agro Tech Foods Limited
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Last Updated on 24 Mar, 2023