Hindustan Unilever (NSE:HINDUNILVR) ROE %: 24.56% (As of Mar. 2026) — 17% Below Median


NSE:HINDUNILVR Hindustan Unilever Ltd NSE:HINDUNILVR
95 GF Score
Price ₹2,118.20
GF Value ₹2,571.96
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hindustan Unilever ROE %?

Hindustan Unilever NSE:HINDUNILVR -1.54% 95 ROE % is 24.56% as of Mar. 2026, which is 17% below its 10-year median of 29.63. GuruFocus rates NSE:HINDUNILVR with a GF Score™ of 95/100 and a GF Value™ of ₹2,571.96 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,913 Consumer Packaged Goods companies, Hindustan Unilever ranks better than 93.41% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hindustan Unilever's annualized net income for the quarter that ended in Mar. 2026 was ₹119,680 Mil. Hindustan Unilever's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹487,380 Mil. Therefore, Hindustan Unilever's annualized ROE % for the quarter that ended in Mar. 2026 was 24.56%.

The historical rank and industry rank for Hindustan Unilever's ROE % or its related term are showing as below:

NSE:HINDUNILVR' s ROE % Range Over the Past 10 Years
Min: 18.36   Med: 29.63   Max: 83.85
Current: 30.72

During the past 13 years, Hindustan Unilever's highest ROE % was 83.85%. The lowest was 18.36%. And the median was 29.63%.

NSE:HINDUNILVR's ROE % is ranked better than
93.41% of 1913 companies
in the Consumer Packaged Goods industry
Industry Median: 6.73 vs NSE:HINDUNILVR: 30.72

Hindustan Unilever  (NSE:HINDUNILVR) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=119680/487380
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(119680 / 648280)*(648280 / 797520)*(797520 / 487380)
=Net Margin %*Asset Turnover*Equity Multiplier
=18.46 %*0.8129*1.6363
=ROA %*Equity Multiplier
=15.01 %*1.6363
=24.56 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=119680/487380
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (119680 / 156960) * (156960 / 139720) * (139720 / 648280) * (648280 / 797520) * (797520 / 487380)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7625 * 1.1234 * 21.55 % * 0.8129 * 1.6363
=24.56 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Hindustan Unilever ROE % Related Terms


Hindustan Unilever ROE % Historical Data

* Premium members only.

The historical data trend for Hindustan Unilever's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hindustan Unilever ROE % Chart

Hindustan Unilever Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.36 20.37 20.25 21.17 30.65

Hindustan Unilever Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.95 22.31 22.05 54.25 24.56

NSE:HINDUNILVR vs PG, CL, KVUE: ROE % Comparison

For the Household & Personal Products subindustry, Hindustan Unilever's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hindustan Unilever ROE % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hindustan Unilever's ROE % distribution charts can be found below:

* The bar in red indicates where Hindustan Unilever's ROE % falls into.


NSE:HINDUNILVR
95GF Score
Hindustan Unilever Ltd NSE:HINDUNILVR
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hindustan Unilever ROE % Calculation

Hindustan Unilever's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=150400/( (494020+487380)/ 2 )
=150400/490700
=30.65 %

Hindustan Unilever's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=119680/( (0+487380)/ 1 )
=119680/487380
=24.56 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 24.56% mean?
Hindustan Unilever (NSE:HINDUNILVR) has a ROE % of 24.56% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Hindustan Unilever and its competitors. This is 17% below median its historical median of 29.63. Over the past decade, Hindustan Unilever's ROE % has ranged from 18.36 to 83.85. According to the industry distribution chart, Hindustan Unilever ranks #126 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 6.6%.
Is Hindustan Unilever's ROE % too high?
Hindustan Unilever's current ROE % of 24.56% is 17% below median its 10-year median of 29.63. Over the past 10 years, this metric has ranged from a low of 18.36 to a high of 83.85. The Consumer Packaged Goods industry median ROE % is 6.73. Hindustan Unilever's value of 24.56% is 264.9% above this industry median. Based on the distribution chart, Hindustan Unilever ranks #126 out of 1913 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Hindustan Unilever has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Unilever's ROE % compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Hindustan Unilever ranks #126 out of 1913 companies for ROE %. This places Hindustan Unilever in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 6.73. Hindustan Unilever's value of 24.56% is 264.9% above this benchmark. Historically, Hindustan Unilever's own ROE % has ranged from 18.36 to 83.85 over the past decade. While the company's 10-year median is 29.63 vs. the industry median of 6.73, Hindustan Unilever has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Consumer Packaged Goods company?
The median ROE % among Consumer Packaged Goods companies is 6.73, based on 1,913 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hindustan Unilever's current ROE % of 24.56% is 264.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Hindustan Unilever and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Unilever's current ROE % is 24.56%, which is 17% below median its own 10-year median of 29.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Unilever stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Unilever (NSE:HINDUNILVR) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,571.96, compared to a current price of ₹2,118.20 — trading 17.6% below its estimated fair value. The current ROE % is 24.56%, which is 17% below median its 10-year median of 29.63 and 264.9% above the Consumer Packaged Goods industry median of 6.73. Hindustan Unilever's overall GF Score™ is 95/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Hindustan Unilever (NSE:HINDUNILVR), the current ROE % is 24.56% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hindustan Unilever (NSE:HINDUNILVR) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Unilever stock appears to be undervalued. The current stock price of ₹2,118.20 is trading 17.6% below its estimated GF Value™ of ₹2,571.96. GuruFocus considers Hindustan Unilever to be Modestly Undervalued.

Key valuation signals for NSE:HINDUNILVR:

  • ROE %: 24.56% (17% below median its 10-year median of 29.63)
  • GF Value™: ₹2,571.96 vs. price of ₹2,118.20 (17.6% below fair value)
  • GF Score™: 95/100 with 2 warning signs
  • Industry Position: 264.9% above the Consumer Packaged Goods median (#126 of 1913)

No single metric tells the full story. See the NSE:HINDUNILVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hindustan Unilever Business Description

Other Exchanges 500696:India
Address B. D. Sawant Marg, Unilever House, Chakala, Andheri (East), Mumbai, MH, IND, 400099
Hindustan Unilever Ltd is an Indian consumer goods company. The firm offers different brands from distinct categories, including cosmetics and hygiene items, such as detergents, soaps, shampoos, skincare, toothpaste, and deodorants, as well as food and beverages (tea, coffee, packaged foods). Its product portfolio contains household brands such as Lux, Lifebuoy, Pepsodent, Closeup, Pureit, Axe, Brooke Bond, Bru, Knorr, Kissan, Pond's, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Kwality Wall's, Surf Excel, Rin, Wheel, and Fair and Lovely. The company's segments include Home Care, which generates maximum revenue, Beauty & Wellbeing, Personal Care, Foods, and others. Geographically, it generates a majority of its revenue from India.
95GF Score

Get the complete analysis for NSE:HINDUNILVR

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,118.20
Price
₹2,571.96
GF Value