HUL Q3 preview: Results may reveal key consumption trends
Subscribe to enjoy similar stories. Hindustan Unilever Ltd is set to announce its third-quarter results on Thursday, but more than the numbers, investors will look for clues on how India’s consumption story is shaping up after major structural and regulatory changes in the recent past. HUL is expected to post a profit after tax of ₹ 2,597 crore and revenue of ₹16,156 crore in the three months ended December, according to Bloomberg estimates based on 19 analysts who track the stock.
In the September quarter, the company reported a net profit of ₹2,694 crore and revenue of ₹16,034 crore. The company, often considered a proxy for consumption in India, made some key changes in 2025. The demerger of its ice-cream business Kwality Wall’s India Ltd.
became effective on 1 December. This came after historic GST rate reforms were implemented on 22 September. About 40% of HUL’s product portfolio shifted to a 5% GST rate following the change.
Priya Nair was appointed the new CEO and managing director of HUL from 1 August, succeeding Rohit Jawa. Other management changes included Niranjan Gupta taking over as CFO on 1 November and Vandana Suri named executive director of home care from 1 January. In September, the company said that prolonged and intense monsoon conditions across several regions had disrupted supply chains and temporarily dampened demand in the second quarter.
Investors will expect updates on whether those disruptions have settled and if the GST rate cuts have pushed consumption as expected. “Consumers are increasingly upgrading to premium brands as the price-value proposition versus mass products has improved," analysts at ICICI Securities said. This could help HUL because of its presence in the premium market, they
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