Shareholders
We aim to deliver consistent, competitive performance and drive long-term value creation for our shareholders
Financial capital
Social & relationship capital
Natural capital



Financial Year 2026 witnessed an improvement in the demand environment, supported by a favourable macro-economic backdrop and a meaningful evolution in consumer behaviour. Against this backdrop, we sharpened our strategic priorities with a clear emphasis on competitive volume-led revenue growth. These actions translated into a sustained step-up in growth and competitiveness, delivered alongside healthy margins and robust profitability. Sustainability remained integral to our priorities, with continued progress across our focus areas: climate, nature, plastics and livelihoods.
Message from Niranjan Gupta
F Y 2025–26 was a year of purposeful progress for H U L, marked by disciplined execution in a dynamic operating environment. We advanced our strategy to deliver volume-led revenue growth, sharpened our portfolio choices, and increased investments in high-growth demand spaces, specialised channel execution, and market-making capabilities. A strong emphasis on capital discipline enabled us to reinvest behind our brands while sustaining healthy profitability and a robust balance sheet. With clear priorities and a future-ready operating model, we believe H U L is well positioned to deliver resilient performance and create long-term, sustainable value for all its stakeholders.
Niranjan Gupta
Executive Director, Finance and Chief Financial Officer
Strategic priorities to create long-term value

Driving competitive volume-led revenue growth

Generating fuel for growth

Dynamic capital deployment for growth





