HUL Q2 preview: Margins pressures loom as raw material prices continue to rise
Hindustan Unilever moved higher in a quarterly results development.
· LiveMint Companies
Analysts estimate HUL’s July-September revenue at ₹17,582 crore and net profit at ₹2,784 crore. Higher raw material costs could pressure margins, while price increases may affect volumes.
The analysis
Hindustan Unilever reported ₹17,582 crore and ₹2,784 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.3% on the day at ₹1,864.60, and has returned -11.5% over three months. It sits 25% below its 52-week high. The fmcg sector has moved -10.7% over the same period, so Hindustan Unilever is running 0.8 points behind its peers.
For Hindustan Unilever, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Hindustan Unilever (HUL) (HINDUNILVR), in FMCG.
- Over three months: Hindustan Unilever (HUL) -11.5% against FMCG -10.7% (0.8 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Hindustan Unilever (HUL)HINDUNILVR · FMCG | ₹1,864.60 | +0.3% | -0.8% | -11.5% | -24.7% | 1.0× | — |
FMCG
1M -4.9% · 3M -10.7%
Hindustan Unilever (HUL)
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Q2 October dividend champions: Infosys, Colgate, HUL, CPCL, Coal India | Big payouts - amount, record date
HUL sales rise 15% to hit 14-quarter high, but inflation clouds demand outlook
Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings
Why is VBL down 5% despite Q3 PAT jumps on double-digit volume growth?
Godrej Consumer Q2 Review: Brokerages Flag Margin Pressure Despite Strong Volume Growth