HUL margins hit by input costs despite volume growth

HUL’s volume growth exceeded expectations, driven by home care and beauty segments. However, rising input costs pressured margins, leading to a 2-5% price increase on products. The company aims to protect sales volume with calibrated price adjustments. HUL anticipates continued execution buoyancy in FY27, supported by premiumization and quick commerce growth. The company has retained its FY27 Ebitda margin guidance.