Company Overview

Hindustan Unilever Ltd. (HUL) is India's largest Fast Moving Consumer Goods (FMCG) Company with
its Head Office in Mumbai. HUL is a subsidiary of Unilever, one of the world’s leading suppliers of
Food, Home Care, Personal Care and Refreshment products with sales in over 190 countries and an
annual sales turnover of €51 billion in 2020. In 1931, Unilever set up its first Indian subsidiary,
Hindustan Vanaspati Manufacturing Company, followed by Lever Brothers India Limited (1933) and
United Traders Limited (1935). These three companies merged to form HUL in November 1956 and
Unilever has 61.9% shareholding in HUL. The Company has about 21,000 employees and has sales of
INR 45,311 crores (financial year 2020-21).

Business Areas

HUL’s consumer goods business comprises of Home Care, Beauty & Personal Care, Foods and
Refreshment. Each of these divisions include a portfolio of brands that serve consumers across the
length and breadth of India. With more than 44 brands across 14 distinct categories including Fabric
Solutions, Home and Hygiene, Life Essentials, Skin Cleansing, Skin Care, Hair Care, Colour Cosmetics,
Oral Care, Deodorants, Tea, Coffee, Ice Cream & Frozen Desserts, Foods, Health Food Drinks (HFD),
the Company is part of the daily life of millions of consumers.

Industry Outlook
HUL operates in the FMCG industry, which continues to be one of the biggest structural
opportunities that India offers. Despite being one of the fastest growing markets globally for FMCG
products, the per capita FMCG consumption in India is still amongst the lowest in the world, giving
the industry a long runway for growth. The complexity and volatility continue to rise. In the last
quarter of financial year 2019-20, there has been an unprecedented global breakout of the COVID-
19 pandemic leading to a humanitarian crisis, lockdown across many countries and a significant
economic fallout. In India, the economic impact of COVID-19 is trickling in on the backdrop of an
already challenging macro-economic environment. All of these create challenges for companies and
categories across the spectrum. On the other hand, new technologies are changing the landscape of
the consumer goods market, bringing opportunities for brands and consumers alike. Consumers are
shopping through more diverse channels and smaller local brands as well as digital-first brands are
increasingly entering the market. In these times, as the economy, consumer and channel landscape
rapidly evolve, HUL continues to be agile and responsive to leverage market opportunities and
navigate through the challenges. By staying close to consumers and their needs, they ensure that
their business continues to grow, while having a positive impact on people and the planet