{"id":332607,"date":"2026-10-29T15:29:42","date_gmt":"2026-10-29T09:59:42","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=332607"},"modified":"2026-10-29T15:29:42","modified_gmt":"2026-10-29T09:59:42","slug":"hul-revenue-growth-hits-14-quarter-high-but-a-margin-squeeze-may-be-here-to-stay-what-investors-should-check","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hul-revenue-growth-hits-14-quarter-high-but-a-margin-squeeze-may-be-here-to-stay-what-investors-should-check\/","title":{"rendered":"HUL Revenue Growth Hits a 14-Quarter High, but a Margin Squeeze May Be Here to Stay: What Investors Should Check"},"content":{"rendered":"

Hindustan Unilever (HUL) reported Q2 FY27 turnover of Rs 18,071 crore with underlying sales growth of 15%, its highest in 14 quarters, but EBITDA margin was 22.6%, down 140 basis points on the year, and the stock traded at Rs 1,865.00 (up 2.71%) at 3:17 PM IST on 29 Oct 2026.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

HUL revenue growth reached a 14-quarter high in Q2 FY27, with underlying sales growth of 15% and underlying volume growth of 7%, but EBITDA grew only 8% and the margin slipped to 22.6%. The party pooper in the headline appears to be the margin squeeze, because management expects commodity inflation to continue in the short term. Personal Care sales grew 9% with flat volumes, so part of the growth came from price and mix and not from more units sold. This article is educational and not a recommendation.<\/p>\n<\/p><\/div>\n

HUL revenue growth is the number that grabbed attention, and it is genuinely strong. The question for investors is whether profit can keep pace, so this article sets out the Q2 numbers, the segments, the margin squeeze, the valuation, the dividend, and what to watch next.<\/p>\n

Three flags. I could not open the original piece, so I read the party pooper in the headline as the margin squeeze, which is my interpretation. One report gives turnover of Rs 17,399 crore and profit of Rs 2,844 crore, up 11.5%, against Rs 18,071 crore and Rs 2,796 crore in two company-based reports, and I use the latter. The fall in EBITDA margin is 140 basis points in two sources and 114 basis points in another. It is educational and not advice.<\/p>\n

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