Tag Consumer Goods

Britannia Ltd
Britannia Q3 FY25 Results: Net Profit Rises 5% to ₹582 Crore, Revenue Up 7.9% YoY

Britannia Industries Ltd: Overview 

Britannia Industries Limited is one of India’s leading food companies, best known for its wide range of biscuits, dairy products, and bakery goods. With a rich legacy of over a century, Britannia has established itself as a household name, consistently delivering high-quality, innovative, and nutritious products. The company operates in multiple food categories, including biscuits, cakes, breads, rusk, and dairy products like cheese, milk, and yogurt. Britannia has a strong distribution network across India and continues to expand its presence in international markets, catering to consumers in over 60 countries. The company has strategically invested in production facilities, research and development, and brand-building initiatives to maintain its leadership position. Innovation remains a key focus area, with Britannia introducing new product variants and health-oriented options to cater to evolving consumer preferences. Its commitment to sustainability and responsible sourcing further strengthens its market credibility and long-term growth prospects. The Indian packaged food industry has been experiencing steady growth, driven by rising urbanization, increasing disposable incomes, and changing consumer lifestyles. The demand for ready-to-eat and convenience foods has surged, particularly in urban centers where busy schedules have led to greater reliance on packaged food products. Britannia benefits from this trend as it continues to innovate and expand its product portfolio. The growth of e-commerce and digital grocery platforms has opened new avenues for distribution, allowing companies like Britannia to reach a wider consumer base. Despite facing challenges such as inflationary pressures on raw material costs, fluctuating commodity prices, and regulatory changes, the packaged food sector remains resilient. With government initiatives promoting the food processing industry and increasing foreign investments, the long-term outlook for Britannia and the broader industry remains positive. 

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In the third quarter of FY25, Britannia Industries reported a Profit after Tax (PAT) at 13.0% of total revenue, reflecting the impact of an economic slowdown and persistently high food inflation, which has led to muted consumer demand. Inflationary pressures have remained a challenge, with key household essentials witnessing significant price increases cereals rising by 6.5%, oils and fats by 14.6%, vegetables by 26.6%, and fruits by 8.5% as of December 2024. The GDP recorded its lowest growth in Q2 FY25 over the last two years; however, a recovery is anticipated in the second half of the fiscal year, with nominal growth expected to reach 10.5%. The revival is likely to be led by improvements in the agriculture and manufacturing sectors, which are expected to drive economic momentum. Britannia’s product portfolio has continued to show resilience despite macroeconomic headwinds. The croissant category remains on a strong double-digit growth trajectory, while rusk has maintained healthy volume and value growth, benefiting from increased consumer preference. The wafer segment is progressing well, supported by continuous innovations and a growing distribution network. The cheese business is leveraging in-house capabilities to remain competitive, ensuring sustained market presence and growth. Meanwhile, the drinks category continues to perform exceptionally, demonstrating robust double-digit growth backed by strong demand. On the international front, Britannia’s business has performed well, particularly in non-Middle East markets, delivering steady growth while maintaining healthy operating margins. The company remains focused on expanding its global footprint and optimizing efficiencies to navigate inflationary challenges while sustaining long-term profitability. 

Business Segments 

  • Biscuits Segment: Britannia’s biscuit segment remains the company’s core business, contributing significantly to overall revenues. Popular brands such as Good Day, Marie Gold, Bourbon, and Treat continue to dominate their respective categories. The company has been actively diversifying within this segment by introducing premium, health-focused, and indulgent variants to cater to different consumer segments. 
  • Dairy Segment: Britannia’s dairy division is a growing contributor to its overall business, featuring a range of products including cheese, butter, milk, yogurt, and ghee. The company has focused on value-added dairy products, such as flavoured yogurts and functional dairy drinks, to capture evolving consumer preferences. The increasing health consciousness among consumers is expected to drive further growth in this segment, with the company poised to introduce new, innovative dairy offerings. 
  • Bread and Bakery Segment: Britannia holds a significant market share in the bread and bakery category, with its fresh and packaged bread lines being a staple in many Indian households. The bakery segment, which includes cakes and rusks, has also seen steady growth, driven by increasing consumer demand for convenient and indulgent snacks. 
  • International Business: Britannia has been expanding its global footprint by entering new markets and strengthening its presence in existing ones. To cater to international consumers, Britannia has localized some of its products, aligning them with regional tastes and preferences. The company is also exploring manufacturing opportunities outside India to reduce costs and enhance supply chain efficiency. 

Subsidiary Information 

  • Britannia Dairy Private Ltd: Britannia Dairy Private Limited is a wholly-owned subsidiary of Britannia Industries Ltd., focusing on the company’s dairy segment. It plays a crucial role in expanding Britannia’s presence in the dairy market with products like cheese, milk, yogurt, and ghee. The subsidiary has been instrumental in driving premiumization in the dairy sector, launching value-added dairy products tailored to changing consumer preferences. 
  • Britannia and Associates (Dubai) Private Company Ltd: This subsidiary is responsible for managing Britannia’s international operations, particularly in the Middle East and Africa. Based in Dubai, it serves as a strategic hub for exports and local manufacturing, helping Britannia strengthen its foothold in the growing overseas markets. Britannia continues to invest in its global subsidiary to drive sales growth through market-specific product innovations and localized marketing strategies. 
  • Britannia Nepal Private Ltd: Britannia Nepal Private Limited is a key subsidiary responsible for manufacturing and distributing Britannia products in Nepal. The company benefits from strong brand recall and consumer trust, enabling it to maintain a dominant market share. Britannia Nepal Private Limited continues to focus on market expansion, increasing product availability, and strengthening its distribution network. 
  • Britannia Bangladesh Private Ltd: As part of Britannia’s global expansion strategy, Britannia Bangladesh Private Limited was established to cater to the growing demand for bakery and dairy products in Bangladesh. The subsidiary has capitalized on the strong consumer preference for Britannia’s biscuits and bread products. With a growing market for packaged food, the subsidiary is well-positioned to drive further expansion and contribute significantly to Britannia’s international revenue. 
  • Sunrise Biscuit Company Private Ltd: Sunrise Biscuit Company Private Limited was acquired by Britannia to strengthen its presence in India’s eastern market. This subsidiary primarily focuses on the production of biscuits and related bakery products, supporting Britannia’s expansion in key regions like West Bengal and Odisha. The subsidiary plays a strategic role in Britannia’s growth plan, ensuring efficient production and distribution while maintaining product quality and affordability. 

Q3 FY25 Earnings 

  • Revenue of ₹4593 crore in Q3 FY25 up by 7.9% YoY from ₹4256 crore in Q3 FY24.  
  • EBITDA of ₹843 crore in this quarter at a margin of 18% compared to 19% in Q3 FY24. 
  • Profit of ₹582 crore in this quarter compared to a ₹556 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 4256 4593 16301 16769 
Expenses 3437 3750 13470 13603 
EBITDA 820 843 2831 3167 
OPM 19% 18% 17% 19% 
Other Income 48 62 597 211 
Net Profit 556 582 2316 2134 
NPM 13.1% 12.7% 14.2% 12.7% 
EPS 23.1 24.2 96.4 88.8 
Dabur India Ltd Q3 FY25 Results
Dabur India Ltd Q3 FY25 Results: Net Profit Rises 1.8% to ₹515.82 Crore and FMCG Growth

Dabur India Ltd: Overview 

Dabur India Ltd. is one of India’s leading consumer goods companies with a strong presence in the FMCG (Fast-Moving Consumer Goods) sector. Established in 1884, the company is known for its Ayurvedic and natural healthcare products. It has a diversified portfolio across healthcare, personal care, home care, and food & beverages. With a strong distribution network spanning India and global markets, Dabur has solidified its position as a key player in the industry. The company’s primary offerings include well-known brands such as Dabur Chyawanprash, Dabur Honey, Dabur Amla, Vatika, and Real fruit juices, all of which have established themselves as household names across India and in international markets. Dabur is particularly distinguished by its focus on leveraging Ayurvedic knowledge and natural ingredients in its product formulations, positioning itself as a pioneer in the Ayurvedic FMCG sector. With a significant presence in over 100 countries, Dabur has expanded its footprint globally, especially in markets such as the Middle East, Africa, and Southeast Asia, capitalizing on the increasing global demand for herbal, organic, and wellness-focused products. The company also invests heavily in research and development to ensure innovation and high-quality standards in its offerings. Dabur’s ability to adapt to changing consumer preferences, coupled with its strong distribution network, has enabled it to maintain a competitive edge in the fast-growing FMCG market. The company operates in over 120 countries, with significant revenue contributions from the Middle East, Africa, South Asia, and the United States. 

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Dabur has reported strong performance across various segments in the recent quarter. In oral care, both the Red franchise and Meswak brands performed well, continuing to gain market share. The gels portfolio within the “freshness” segment saw double-digit growth. In hair care, hair oils grew by 3.1%, gaining 150 basis points in market share, while the shampoo category outperformed the overall market and gained approximately 20 basis points. In homecare, Odonil achieved double-digit volume growth, with its aerosol and gel variants performing particularly well, resulting in a 101 basis point market share gain in air fresheners. On the other hand, Odomos faced a muted performance due to a slowdown in the category but outperformed the segment and gained 574 basis points in the MRC segment. Sanifresh also posted double-digit growth. In skincare, the Gulabari franchise showed strong performance with high single-digit growth. In health supplements, unfavourable weather conditions impacted performance, though Chyawanprash continued to lead the market and gained 139 basis points in market share. Digestives saw Hajmola achieve mid-single-digit growth in both candy and tablet formats, with extensions and variants contributing over 15% to the franchise. In OTC & Ethicals, key brands like Honitus, Shilajit, health juices, and women’s health tonics performed well. In foods, the segment maintained its growth momentum with a 30% year-on-year increase, driven by key categories such as homemade paste, coconut milk, oil & ghee, tomato puree, and Lemoneez. Badshah also continued its strong growth trajectory, recording double-digit volume growth and market share gains. Beverages faced challenges in the J&N category due to muted festive season demand and increased competitive intensity driven by price changes. Real gained 318 basis points in market share, with several internal initiatives planned to accelerate future growth. 

Business Segments

  • Health Care: It includes many product categories in its portfolio like Dabur Chyawanprash, Honey, Pudin Hara, Dabur Lal Tail, etc. which is huge brands in India and they all are used for consumers’ health benefits and healthy routines. This segment is a core business contributes about 31-35% of Dabur’s revenue. 
  • Personal Care: It is used by many consumers as daily routine for their personal care, the products like Dabur Amla, Dabur Red Paste, and Vatika. And there are other international brands of Dabur which has presence outside India for personal care, oral care, skin or hair care, etc. 
  • Food & Beverages: This segment includes a very popular packaged soft drink brand called Real, its yearly turnover is more than ₹1000 crore. And the Badshah Masala brand, which is a huge private company is acquired 51% stake for ₹590 crore. 
  • Geography: The international business accounts for almost 25% revenue of the company. The geography distribution of International market is Middle East- 24%, Africa- 24%, Europe- 15%, America- 15% and Asia-22%. 

Subsidiary Information

  • Dabur International Ltd: Dabur International Ltd. is one of the key subsidiaries of Dabur India, responsible for the company’s operations in international markets. The subsidiary focuses on the production and marketing of Dabur’s range of health, personal care, and food products in these regions. Its product portfolio includes hair oils, skincare products, and Ayurvedic health supplements, with a strong emphasis on natural and herbal offerings. 
  • Dabur Nepal Pvt Ltd: Dabur Nepal Pvt Ltd. is a wholly-owned subsidiary of Dabur India that serves as a vital part of Dabur’s operations in Nepal. The company is responsible for managing Dabur’s products in Nepal and acts as a strategic hub for the regional markets. Dabur Nepal manufactures and markets a variety of products, including Ayurvedic medicines, personal care, and food items, catering to the local market’s demands. 
  • Dabur Egypt Ltd: Dabur Egypt Ltd. operates as Dabur India’s subsidiary in Egypt, focusing on expanding the company’s footprint in the North African region. The subsidiary markets a broad spectrum of Dabur products, including hair care products, skin care items, and health supplements, catering to local consumer needs. Dabur Egypt has leveraged its expertise in Ayurveda to introduce products that align with regional preferences for natural and herbal ingredients.  
  • Hamdard Laboratories (India): Hamdard Laboratories (India) is a well-known subsidiary of Dabur India, following Dabur’s acquisition of a controlling stake in the company. Hamdard Laboratories is a key player in the herbal healthcare market and operates under the Hamdard brand, which has a strong reputation for its traditional Unani medicines and herbal products.  
  • Dabur India Ltd. (Turkey): Dabur India Ltd. also operates in Turkey through its subsidiary, Dabur Turkey, where it primarily focuses on marketing and distributing health, personal care, and food products. Dabur Turkey aims to provide consumers with a wide range of herbal and Ayurvedic products that align with the growing global demand for natural wellness. 

Q3 FY25 Earnings 

  • Revenue of ₹3355 crore in Q3 FY25 up by 3.08% YoY from ₹3255 crore in Q3 FY24.  
  • EBITDA of ₹682 crore in this quarter at a margin of 20% compared to 20% in Q3 FY24. 
  • Profit of ₹516 crore in this quarter compared to a ₹506 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 3255 3355 11530 12404 
Expenses 2588 2673 9367 10004 
EBITDA 667 682 2162 2400 
OPM 20% 20% 19% 19% 
Other Income 127 129 445 482 
Net Profit 506 516 1701 1811 
NPM 15.5% 15.4% 14.8% 14.6% 
EPS 2.9 2.95 9.6 10.4 
Colgate-Palmolive (India) Q3 FY25
Colgate-Palmolive (India) Q3 FY25: Strong Growth, Market Leadership & Future Potential

Colgate Palmolive (India) Ltd: Overview 

Colgate-Palmolive (India) Ltd. is a leading player in the Indian oral care and personal care industry, with a strong brand presence and a legacy of over eight decades. Established in 1937 and headquartered in Mumbai, the company is a subsidiary of Colgate-Palmolive Company, USA. It dominates the oral care segment in India with its flagship brand “Colgate,” which enjoys high consumer trust and widespread market penetration. The Indian oral care industry is highly competitive, with increasing consumer demand for premium, natural, and innovative dental hygiene solutions. With a growing focus on personal care and hygiene, the company continues to expand its product portfolio by introducing new offerings in toothpaste, toothbrushes, mouthwashes, and personal care products. The company has a strong distribution network covering urban and rural markets, ensuring deep market penetration. Colgate-Palmolive (India) Ltd. is also focusing on sustainability, investing in eco-friendly packaging and sustainable sourcing initiatives. With a consumer-driven approach and technological advancements, the company remains a leader in India’s oral care industry while expanding its footprint in adjacent categories. 

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Colgate-Palmolive (India) has had a strong run, with seven straight quarters of over 5% growth and the last three in double digits. Despite tough market conditions, the company is growing faster than both the FMCG industry and its listed competitors. In the first half of FY24, its growth was 2.4 times the industry average—a result that reinforces its strategy of consistent, competitive performance. Gross margins remain solid at 68-70%, and while EBITDA margins saw a big jump last year, they are expected to stabilize. Colgate’s brand dominance is a major strength—found in nine out of ten Indian homes, it remains the most recognized and trusted name in oral care. Brand recall has strengthened, and consumers increasingly see Colgate as the expert in oral health, which helps drive market share. 

The toothpaste market has slowed in urban India, but rural demand, while steady, is also levelling off. On the other hand, toothbrush sales continue to rise, with rural markets now growing faster than urban ones. Colgate’s strategy remains steady: grow the oral care category, strengthen its key brands (Strong Teeth, Maxfresh, and Salt), premiumize through innovation, and expand toothbrushes and personal care. India still has huge potential for growth—people here use much less toothpaste than in similar countries, and daily brushing habits are far from universal. Only 20% of urban consumers brush twice a day, and in rural areas, half don’t even brush daily. Increasing brushing habits and upgrading toothbrushes are key opportunities. With its strong execution, Colgate is well-positioned to lead the market and drive long-term growth. 

Business Segments

  • Oral Care: Oral care is Colgate-Palmolive India’s primary revenue-generating segment, contributing a significant portion to its overall sales. The company leads the toothpaste and toothbrush market with brands such as Colgate Strong Teeth, Colgate Total, Colgate MaxFresh, Colgate Sensitive, and Colgate Vedshakti. It continuously innovates by introducing advanced formulations catering to varied consumer needs, including herbal, sensitivity relief, and whitening solutions. The company has also expanded into mouthwashes with products like Colgate Plax. 
  • Personal Care: Colgate-Palmolive India has a presence in the personal care segment through its Palmolive brand, which includes a range of shower gels, hand washes, and liquid soaps. The segment has been growing steadily as consumers prioritize hygiene and self-care. The company is leveraging its global expertise to introduce premium skincare and wellness products tailored to Indian consumers. 
  • Home Care: Under the home care segment, the company offers cleaning and hygiene solutions. Though this segment contributes a smaller portion of total revenue, Colgate-Palmolive (India) Ltd. continues to expand its presence in this category. 

Subsidiary Information

  • Colgate-Palmolive (Nepal) Pvt Ltd: This subsidiary helps the company expand its market reach in South Asia, particularly in Nepal, where Colgate products have a significant consumer base. It supports manufacturing, distribution, and marketing efforts tailored to regional preferences. 
  • Colgate Global Business Services Pvt Ltd: This subsidiary provides back-end operational support, including finance, human resources, and IT services, to Colgate-Palmolive’s Indian and global operations. It plays a crucial role in optimizing business efficiency. 
  • Colgate-Palmolive (Myanmar) Ltd: With an increasing focus on emerging markets, this subsidiary allows Colgate-Palmolive India to expand its brand footprint in Myanmar. The company leverages its Indian manufacturing and supply chain to cater to the growing demand in the Southeast Asian market. 
  • Colgate-Palmolive India Consumer Products Ltd: This subsidiary is focused on exploring new consumer segments and diversifying into adjacent product categories beyond oral care. It supports research and development initiatives aimed at catering to evolving consumer preferences. 
  • Colgate-Palmolive India Supply Chain Pvt Ltd: Responsible for optimizing logistics and distribution, this subsidiary ensures seamless supply chain operations across India and neighboring markets. It plays a key role in maintaining Colgate’s market leadership by ensuring product availability and efficient distribution. 

Q3 FY25 Earnings 

  • Revenue of ₹1462 crore in Q3 FY25 up by 4.7% YoY from ₹1396 crore in Q3 FY24.  
  • EBITDA of ₹454 crore in this quarter at a margin of 34% compared to 31% in Q3 FY24. 
  • Profit of ₹323crore in this quarter compared to a ₹330 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 1396 1462 5226 5680 
Expenses 927 1007 3679 3779 
EBITDA 468 454 1547 1901 
OPM 34% 31% 30% 33% 
Other Income 18 20 42 57 
Net Profit 330 323 1047 1324 
NPM 23.7% 22.1% 20.3% 23.3% 
EPS 12.1 11.9 38.5 48.67 
HUL Q3 FY25 Results
HUL Q3 FY25 Results: Net Profit Rises 19% to ₹3,001 Crore

Hindustan Unilever Ltd: Overview 

Hindustan Unilever Ltd (HUL) is India’s largest fast-moving consumer goods (FMCG) company and a subsidiary of Unilever, one of the world’s leading suppliers of consumer goods. Established in 1933 and headquartered in Mumbai, HUL has become synonymous with quality products and trusted brands that cater to the daily needs of millions of Indian households. The company’s robust portfolio spans over 50 brands across categories like personal care, home care, foods, and beverages, making it a household name in India. HUL’s strategy focuses on delivering superior value through innovations, sustainable practices, and a deep understanding of Indian consumers. The company leverages its vast distribution network, which reaches urban and rural markets alike, ensuring accessibility to its products even in the remotest parts of the country. 

The FMCG industry in India is one of the largest and fastest-growing sectors, driven by factors such as rising disposable incomes, urbanization, increased consumer awareness, and a growing preference for branded products. With a population of over 1.4 billion, India offers immense opportunities for FMCG companies, particularly in rural areas, which contribute significantly to industry growth. HUL’s ability to adapt to evolving market dynamics and consumer preferences has cemented its position as a market leader. The company is also a strong advocate for sustainability and inclusive growth, aligning with Unilever’s global goals. Initiatives such as reducing plastic usage, water conservation, and promoting gender equality reflect HUL’s commitment to creating a positive social and environmental impact. 

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In the fabric wash category, Hindustan Unilever Ltd (HUL) recorded high-single-digit volume growth, driven by a strong, broad-based performance across formats, with liquid detergents continuing to outperform. Household care also saw high-single-digit volume growth, led by the dishwash portfolio. In personal care, the segment was impacted by a decline in the hygiene category within skin cleansing, leading to a 4% drop in underlying sales growth. However, oral care achieved mid-single-digit growth, primarily driven by Closeup. 

In beverages, tea witnessed low-single-digit growth, supported by pricing adjustments, with premium brands delivering mid-single-digit growth and maintaining value and volume market leadership. Coffee continued to perform strongly, delivering double-digit growth. Nutrition drinks strengthened their value and volume market leadership despite a category decline due to subdued consumption. Packaged foods experienced mid-single-digit growth, driven by robust with strong volume growth in ketchup, mayonnaise, food solutions, international sauces, and cuisines. Meanwhile, ice cream revenue remained flat year-on-year. 

HUL has incorporated Kwality Wall’s (India) Limited on January 10, 2025, as part of the demerger of its ice cream business, with the Board of Directors approving the scheme of arrangement. This demerger allows shareholders to participate in future value creation through a 1:1 share entitlement ratio. The move is expected to unlock significant growth potential, with focused management providing flexibility to deploy strategies tailored to the unique nature of the ice cream business. 

Business Segments

  • Home Care: This segment includes products such as fabric wash, household cleaning, and water purifiers. Prominent brands under this segment are Surf Excel, Rin, Wheel, Sunlight, Vim, and Domex. HUL leads the fabric wash market in India with brands like Surf Excel, which cater to premium consumers, and Wheel, targeting value-conscious buyers. The segment has witnessed consistent growth due to innovations in detergent formulations and increasing consumer preference for higher-performance products. HUL’s water purifiers, sold under the brand name Pureit, offer a range of solutions for safe drinking water, catering to various consumer segments. 
  • Beauty and Personal Care: This is one of HUL’s largest revenue-generating segments, with a wide array of brands in skin care, hair care, oral care, and cosmetics. Brands like Dove, Vaseline, and Ponds cater to diverse consumer needs, offering products ranging from moisturizing lotions to fairness creams. HUL’s hair care portfolio, led by brands like Dove, Sunsilk, and Clinic Plus, dominates the Indian market, providing solutions for hair fall, dryness, and damage. Lakme is a leading cosmetics and beauty brand, offering a wide range of makeup products and salon services. 
  • Foods and Refreshments: This segment includes packaged foods, beverages, ice creams, and health foods, featuring brands like Knorr, Kissan, Hellmann’s, Brooke Bond, Lipton, etc. HUL’s food portfolio includes products like soups, ketchup, mayonnaise, and jams under brands such as Knorr, Kissan, and Hellmann’s. These brands cater to the rising demand for convenience and ready-to-eat food products. Brooke Bond and Lipton are market leaders in the tea category, offering a variety of black, green, and specialty teas.  
  • Health, Hygiene, and Nutrition: This segment emerged as a key focus area for HUL, especially post-pandemic, addressing the growing consumer demand for immunity-boosting products and hygiene solutions. Health food drinks like Horlicks and Boost were added to HUL’s portfolio through its merger with GSK Consumer Healthcare in 2020. These brands have further strengthened the company’s presence in the nutrition space 

Subsidiary Information

  • Unilever India Exports Ltd: Unilever India Exports Limited is a key subsidiary of Hindustan Unilever Ltd (HUL), responsible for managing the company’s export operations. This entity enables HUL to cater to international markets, with its products reaching consumers in over 100 countries worldwide. The export portfolio includes a diverse range of products spanning personal care, home care, and food categories. Through Unilever India Exports Limited, HUL leverages its strong global brand equity and the cost-effective production capabilities of its Indian manufacturing units to expand its presence across continents. 
  • Lakme Lever Pvt Ltd: Lakme Lever Pvt Ltd is dedicated to the beauty and salon business, playing a pivotal role in strengthening the Lakme brand’s presence in India’s premium beauty segment. This subsidiary operates Lakme Salons across the country, providing professional beauty services and high-quality products to customers. By combining salon services with Lakme’s product portfolio, this subsidiary creates a holistic beauty experience for consumers. 
  • Hindlever trust Ltd: Hindlever Trust Ltd is a subsidiary focused on managing HUL’s employee welfare and retirement benefit schemes. It plays a crucial role in ensuring the financial security and well-being of the company’s workforce. This entity oversees pension plans, gratuity funds, and other employee benefits, reflecting HUL’s commitment to its people. 
  • Brooke Bond Real Estates Pvt Ltd: Brooke Bond Real Estates Pvt Ltd is responsible for managing HUL’s real estate assets and facilities. This subsidiary oversees the development, maintenance, and utilization of the company’s infrastructure, ensuring operational efficiency and cost optimization. It ensures that office spaces, warehouses, manufacturing facilities, and other properties are effectively utilized, contributing to HUL’s overall productivity. 
  • GSK Consumer healthcare Ltd: GSK Consumer Healthcare Ltd became a part of HUL following the merger of Hindustan Unilever and GlaxoSmithKline Consumer Healthcare in 2020. This subsidiary brought popular health and nutrition brands like Horlicks and Boost under HUL’s portfolio, significantly strengthening its presence in the health foods segment. These brands enjoy high consumer trust and cater to India’s growing demand for nutrition-based products. With Horlicks and Boost, HUL has tapped into the health and wellness space, addressing the nutritional needs of children and adults alike 

Q3 FY25 Earnings 

  • Revenue of ₹15818 crore in Q3 FY25 up by 1.6% YoY from ₹15567 crore in Q3 FY24.  
  • EBITDA of ₹3695 crore in this quarter at a margin of 23% compared to 24% in Q3 FY24. 
  • Profit of ₹2989 crore in this quarter compared to a ₹2508 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 15567 15818 60580 61896 
Expenses 11902 12123 46433 47237 
EBITDA 3665 3695 14147 14659 
OPM 24% 23% 23% 24% 
Other Income 182 740 448 817 
Net Profit 2508 2989 10143 10282 
NPM 16.1% 18.9% 16.7% 16.6% 
EPS 10.7 12.7 43.07 43.7