HUL Foods & Refreshment FY25–26 | Hindustan Unilever India

Foods

Transforming Foods & Beverages by redefining taste, nutrition and innovation In India

FY’26 marked a year of shifting gears and purposeful momentum for the Foods category, supported by continued portfolio transformation and focused investments in high-growth demand spaces. Overall, the business delivered 5% USG driven by mid-single digit UVG, with a meaningful performance step-up in each quarter. Growth was broad-based across Beverages, Lifestyle Nutrition and Packaged Foods, reflecting the impact of strategic portfolio interventions, innovation investments, strengthened channel capabilities and executional excellence. Looking ahead, the Foods business is well‑positioned to benefit from an improving macro‑economic environment and structural demand tailwinds reshaping consumption in India.

₹14,061 Cr

Revenue

5%

Underlying Sales Growth

Mid-single digit

Underlying Volume Growth

20%

Segment Margin

22%

Contribution to HUL

Tea maintained its value & volume

market leadership

Strong double-digit growth

in Coffee

Pivot from HFD to Lifestyle Nutrition,

with high-single digit UVG

₹14,061 Cr

Revenue

5%

Underlying Sales Growth

Mid-single digit

Underlying Volume Growth

20%

Segment Margin

22%

Contribution to HUL

Tea maintained its value & volume

market leadership

Strong double-digit growth

in Coffee

Pivot from HFD to Lifestyle Nutrition,

with high-single digit UVG

This year, we steered a step-up in our Foods business. We reignited brand love through purposeful marketing, sharpened our innovation engine and drove discipline in market execution to return to a strong growth trajectory. We are committed to accelerate this momentum with focus on four strategic big bets: Premiumise Tea & Coffee, pivot to Lifestyle Nutrition, Build Kissan into a mega food brand and build Ready-To-Drink. Together, these actions will transform the Foods business and build a future‑fit portfolio by redefining taste, nutrition and innovation in India.

Rajneet Kohli

Executive Director, Foods

Radical consumer segmentation underpins how we tailor our strategies on brand, pricing, and channel for distinct consumer cohorts. In Foods, this drives how we unlock growth across our Beverages, Lifestyle Nutrition and Packaged Foods portfolio at every tier of the pyramid.

SCIENCE

AESTHETIC

SENSORIAL

SAID BY OTHERS

YOUTHFUL

Premiumisation in beverages continued through Coffee and Tea, supported by higher adoption of freeze-dried formats, larger packs and the elevation of daily coffee rituals. Bru Gold Freeze Dried Coffee supported expansion beyond the South, while Taj Mahal Deccan Rose and the relaunch of Lipton Green Tea strengthened premiumisation in Tea.

Channels of the Future

The Foods business benefited from accelerating premium adoption across digital platforms, with e-commerce and quick commerce delivering strong double-digit growth in FY'26. Quick commerce emerged as a strategically critical channel, expanding consumption occasions and accelerating discovery of products, formats and categories. It supported market development of Premium Beverages such as Bru Gold, Taj Mahal and Lipton, and scaled launches including Red Label Instant Tea, Kissan Chutneys and Hellmann’s Mayo variants. Relationships with modern trade and e-commerce further strengthened through deeper joint business planning, enhanced co-creation partnerships for Kissan Chutneys and Red Label Instant Tea, and a more segmented, channel specific portfolio strategy.