19th October, 2021

Stock Code BSE: 500696

NSE: HINDUNILVR
ISIN: INE030A01027

BSE Limited, National Stock Exchange of India Ltd

Corporate Relationship Department, Exchange Plaza, 5th Floor,
2nd Floor, New Trading Wing, Plot No. C/1, G Block,
Rotunda Building, P.J. Towers, Bandra – Kurla Complex,
Dalal Street, Bandra (E),
Mumbai – 400 001 Mumbai – 400 051

Dear Sir / Madam,

Sub: Outcome of the Board Meeting held on 19th October, 2021

This is further to our letter dated 4th October, 2021, intimating the date of Board Meeting for
consideration of Unaudited Standalone and Consolidated Financial Results for the quarter and
half year ended 30th September, 2021. Pursuant to Regulation 30 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015 (‘Listing Regulations’), we would like to inform you that the Board today:

1. approved the Unaudited Standalone and Consolidated Financial Results for the quarter
and half year ended 30th September, 2021. We attach herewith a copy of the approved
Unaudited Standalone and Consolidated Financial Results along with the limited review
report of the auditors. A copy of the Press Release issued in this regard is also attached
herewith.

We are arranging to publish these results in the newspapers as per Regulation 47 of

Listing Regulations.

2. declared an interim dividend of Rs. 15/- per equity share of face value of Re. 1/- each for
the financial year ending 31st March, 2022. As intimated vide our letter dated 4th October,
2021, record date for the purpose of determining the entitlement of the shareholders for
the interim dividend has been fixed as 27th, October 2021, and dividend will be paid to
the shareholders on or after 12th November, 2021.

Please take the above information on record.

Thanking You.

Yours faithfully,
For Hindustan Unilever Limited
DEVOPAM NARENDRA Digitally signed by DEVOPAM
NARENDRA BAJPAI
BAJPAI Date: 2021.10.19 13:37:59 +05'30'

Dev Bajpai
Executive Director, Legal & Corporate Affairs
and Company Secretary
DIN : 00050516 / Membership No. F3354
Encl: as above

Sensitivity: Confidential
 B S R & Co. LLP
Chartered Accountants
14th Floor, Central B Wing and North C Wing, Telephone: +91 22 6257 1000
Nesco IT Park 4, Nesco Center, Fax: +91 22 6257 1010
Western Express Highway,
Goregaon (East), Mumbai - 400 063

Limited Review Report on Unaudited Quarterly and Year-to-date

Standalone Financial Results of Hindustan Unilever Limited under
Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
To the Board of Directors of
Hindustan Unilever Limited
1. We have reviewed the accompanying Statement of unaudited standalone financial results of
Hindustan Unilever Limited (‘the Company’) for the quarter ended 30 September 2021 and year
to date results for the period from 1 April 2021 to 30 September 2021 (‘the Statement’).
2. This Statement, which is the responsibility of the Company’s management and approved by the
Board of Directors, has been prepared in accordance with the recognition and measurement
principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS
34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles
generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.
Our responsibility is to issue a report on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the
Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India.
This standard requires that we plan and perform the review to obtain moderate assurance as to
whether the Statement is free of material misstatement. A review is limited primarily to inquiries
of company personnel and analytical procedures applied to financial data and thus provides less
assurance than an audit. We have not performed an audit and accordingly, we do not express an
audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying Statement, prepared in accordance with applicable accounting
standards and other recognised accounting practices and policies has not disclosed the
information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be
disclosed, or that it contains any material misstatement.

For B S R & Co. LLP

Chartered Accountants
Firm's Registration No: 101248W/W-100022
Digitally signed by
ANIRUDDHA ANIRUDDHA SHREEKANT
SHREEKANT GODBOLE
Date: 2021.10.19 13:19:24
GODBOLE +05'30'

Aniruddha Godbole
Partner
Mumbai Membership No: 105149
19 October 2021 ICAI UDIN: 21105149AAAAFI5481

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco
(a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 Center, Western Express Highway, Goregaon (East), Mumbai - 400063
 STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2021

Unaudited Results for the Unaudited Results for Unaudited Results for Audited Results for the
quarter ended the quarter ended Particulars six months ended year ended
30th September 30th June 30th September 31st March
2021 2020 2021 2021 2020 2021
Revenue from operations
12,516 11,276 11,730 Sale of products 24,246 21,682 45,311
208 166 185 Other operating revenue 393 320 685
113 151 67 Other income 180 307 513
12,837 11,593 11,982 TOTAL INCOME 24,819 22,309 46,509
EXPENSES
4,092 4,107 3,551 Cost of materials consumed 7,643 7,682 14,951
2,229 1,499 2,223 Purchases of stock-in-trade 4,452 3,185 7,117
Changes in inventories of finished goods (including stock-in-trade) and
(163) (231) 131 work-in-progress
(32) (405) (391)
582 559 618 Employee benefits expenses 1,200 1,151 2,229
26 29 11 Finance costs 37 58 108
265 249 244 Depreciation and amortisation expenses 509 491 1,012
Other expenses
1,215 1,139 1,024 Advertising and promotion 2,239 1,936 4,737
1,637 1,500 1,521 Others 3,158 2,940 6,029
9,883 8,851 9,323 TOTAL EXPENSES 19,206 17,038 35,792

2,954 2,742 2,659 Profit before exceptional items and tax 5,613 5,271 10,717
(0) (81) (26) Exceptional items [net credit/ (charge)] (26) (199) (227)
2,954 2,661 2,633 Profit before tax 5,587 5,072 10,490
Tax expenses
(714) (619) (540) Current tax (1,254) (1,220) (2,458)
(53) (33) (32) Deferred tax credit/(charge) (85) 38 (78)
2,187 2,009 2,061 PROFIT FOR THE PERIOD (A) 4,248 3,890 7,954

OTHER COMPREHENSIVE INCOME

Items that will not be reclassified subsequently to profit or loss
1 2 2 Remeasurements of the net defined benefit plans 3 4 (3)
(0) (0) (0) Tax on above (0) (1) 1

Items that will be reclassified subsequently to profit or loss

(7) 0 (0) Fair value of debt instruments through other comprehensive income (7) 0 (0)
2 (0) 0 Tax on above 2 (0) 0

39 0 3 Fair value of cash flow hedges through other comprehensive income 42 32 70

(8) (9) 4 Tax on above (4) (38) (47)

27 (7) 9 OTHER COMPREHENSIVE INCOME FOR THE PERIOD (B) 36 (3) 21

2,214 2,002 2,070 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD (A+B) 4,284 3,887 7,975

235 235 235 Paid up Equity Share Capital (Face value Re. 1 per share) 235 235 235
Other Equity 47,199

Earnings per equity share (Face value of Re. 1 each)

9.31 8.55 8.77 Basic (in Rs.) 18.08 16.56 33.85
9.31 8.55 8.77 Diluted (in Rs.) 18.08 16.56 33.85

#
 STANDALONE SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES

(Rs in Crores)
Unaudited Results for the Unaudited Results for Unaudited Results for Audited Results for
quarter ended the quarter ended six months ended the year ended
Particulars
30th September 30th June 30th September 31st March
2021 2020 2021 2021 2020 2021

Segment Revenue (Sales and Other operating income)

3,838 3,318 3,797 - Home Care 7,635 6,710 13,959
5,000 4,535 4,573 - Beauty & Personal Care 9,573 8,574 17,964
3,622 3,379 3,319 - Foods & Refreshment 6,941 6,337 13,204
264 210 226 - Others (includes Exports, Consignment, etc.) 490 381 869
12,724 11,442 11,915 Total Segment Revenue 24,639 22,002 45,996

Segment Results
728 678 662 - Home Care 1,390 1,315 2,773
1,390 1,328 1,287 - Beauty & Personal Care 2,677 2,462 5,127
664 559 600 - Foods & Refreshment 1,264 1,141 2,189
85 55 54 - Others (includes Exports, Consignment, etc.) 139 104 223
2,867 2,620 2,603 Total Segment Results 5,470 5,022 10,312
(0) (81) (26) Add/(Less): Exceptional Items [net credit/ (charge)] (26) (199) (227)
(26) (29) (11) Less: Finance Costs (37) (58) (108)
Add/(Less): Finance Income and Other unallocable income net
113 151 67 of unallocable expenditure 180 307 513
2,954 2,661 2,633 Total Profit Before Tax 5,587 5,072 10,490
Segment Assets
3,510 3,102 3,222 - Home Care 3,510 3,102 3,175
5,874 5,823 5,388 - Beauty & Personal Care 5,874 5,823 5,524
49,533 49,543 49,229 - Foods & Refreshment 49,533 49,543 49,509
497 352 498 - Others (includes Exports, Consignment, etc.) 497 352 466
9,141 8,088 8,181 - Unallocable corporate assets 9,141 8,088 9,442
68,555 66,908 66,518 Total Assets 68,555 66,908 68,116
Segment Liabilities
3,431 3,293 3,426 - Home Care 3,431 3,293 3,404
5,570 5,478 5,380 - Beauty & Personal Care 5,570 5,478 5,535
3,451 3,169 3,246 - Foods & Refreshment 3,451 3,169 3,358
286 227 328 - Others (includes Exports, Consignment, etc.) 286 227 334
8,121 8,097 8,649 - Unallocable corporate liabilities 8,121 8,097 8,051
20,859 20,264 21,029 Total Liabilities 20,859 20,264 20,682

1. Segment Revenue, Results, Assets and Liabilities represent amounts identifiable to each of the segments. "Other unallocable income net of unallocable expense” mainly includes
interest income, dividend income, income from current investments (net), expenses on common services not directly identifiable to individual segments, corporate expenses, etc.

Segment Assets and Segment Liabilities are as at 30th September 2021, 30th June 2021, 31st March 2021 and 30th September 2020. Unallocable corporate assets, unallocable
corporate liabilities mainly represent investment of surplus funds, cash and bank balances and tax assets and liabilities.

Registered Office : Unilever House, B.D. Sawant Marg, Chakala, Andheri East, Mumbai 400 099.
CIN: L15140MH1933PLC002030. Tel : +91 (22) 3983 0000.
Email: levercare.shareholder@unilever.com

#
 STANDALONE BALANCE SHEET AS AT 30TH SEPTEMBER, 2021
(Rs in Crores)
Unaudited Audited
Statement of Assets and Liabilities As at As at
30th September, 2021 31st March, 2021

A ASSETS

1 Non-current assets
Property, plant and equipment 5,814 5,786
Capital work-in-progress 697 623
Goodwill 17,316 17,316
Other intangible assets 27,914 27,925
Financial assets
- Investments in subsidiaries, associates and joint venture 610 310
13 - Investments 2 2
- Loans 347 385
- Other financial assets 742 748
Non-current tax assets (net) 1,251 1,200
3 Other non-current assets 211 181
Total - Non-current assets 54,904 54,476

2 Current assets
5 Inventories 3,392 3,383
Financial assets
- Investments 2,127 2,683
1 - Trade receivables 2,039 1,648
- Cash and cash equivalents 2,410 1,740
- Bank balances other than cash and cash equivalents mentioned above 1,844 2,581
2 - Other financial assets 1,225 1,150
4 Other current assets 597 438
Assets held for sale 17 17
Total - Current assets 13,651 13,640

TOTAL - ASSETS 68,555 68,116

B EQUITY AND LIABILITIES

1 EQUITY

Equity share capital 235 235

Other equity 47,461 47,199
Total - Equity 47,696 47,434

2 LIABILITIES

Non-current liabilities
Financial liabilities
- Lease liabilities 731 679
7 - Other financial liabilities 228 266
8 Provisions 1,546 1,551
Deferred tax liabilities (net) 6,074 5,986
9 Non-current tax liabilities (net) 1,293 1,359
Total - Non-current liabilities 9,872 9,841

Current liabilities
Financial liabilities
- Lease liabilities 269 264
6 - Trade payables
total outstanding dues of micro enterprises and small enterprises 63 64
total outstanding dues of creditors other than micro enterprises and small enterprises 8,738 8,563
- Other financial liabilities 821 892
10 Other current liabilities 580 567
Provisions 416 491
Current tax liabilities (net) 100 -
Total - Current liabilities 10,987 10,841

TOTAL - EQUITY AND LIABILITIES 68,555 68,116

Note: Previous period figures have been re-grouped / re-classified wherever necessary, to conform to current period’s classification in order to comply
with the requirements of the amended Schedule III to the Companies Act, 2013 effective 1st April 2021.

#
 UNAUDITED STANDALONE STATEMENT OF CASH FLOWS FOR SIX MONTHS ENDED 30TH SEPTEMBER, 2021

(Rs in Crores)
Six months ended Six months ended
30th September, 2021 30th September, 2020
A CASH FLOW FROM OPERATING ACTIVITIES:
Profit before tax 5,587 5,072
Adjustments for:
Depreciation and amortisation expenses 518 532
(Profit) / loss on sale of property, plant and equipment 2 8
Government grant accrued (net) - (13)
Contingent consideration true up for business combination - (4)
Finance income (88) (216)
Dividend income (60) (59)
Other non operating income - Fair value (gain)/loss on investments (32) (32)
Interest Expense 37 58
Provision for expenses on employee stock options - 2
Profit on sale of brand rights (29) -
Inventory written off net of Provision/(write back) for Inventory 88 95
Bad debts/assets written off net of Provision/(write back) (2) 11
Mark-to-market (gain)/loss on derivative financial instruments 1 22
Cash generated from operations before working capital changes 6,022 5,476

Adjustments for:
(Increase)/decrease in Non-Current Assets (3) (12)
(Increase)/decrease in Current Assets (575) (765)
(Increase)/decrease in Inventories (97) (297)
Increase/(decrease) in Non-Current Liabilities 3 30
Increase/(decrease) in Current Liabilities 23 368
Cash generated from operations 5,373 4,800
Taxes paid (net of refunds) (1,272) (905)
Net cash generated from operating activities - [A] 4,101 3,895

B CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of property, plant and equipment (365) (248)
Sale proceeds of property, plant and equipment 0 6
Purchase of Intangible assets (0) (3,422)
Investment in subsidiary (300) (60)
Contingent consideration paid on business combination (41) (29)
Purchase of current investments (27,783) (16,265)
Sale Proceeds of current investments 28,364 15,979
Stamp duty on issue of Equity Shares - (44)
Loans given to subsidiaries (201) (25)
Loans repaid by subsidiaries 233 56
Investment in term deposits (having original maturity of more than 3 months) (1,673) -
Redemption/maturity of term deposits (having original maturity of more than 3 months) 2,418 4,004
Interest received 82 189
Dividend received from subsidiaries 60 59
Net cash generated from investing activities - [B] 794 200

C CASH FLOW FROM FINANCING ACTIVITIES:

Dividends paid (3,994) (5,521)
Principal payment of lease liabilities (192) (164)
Interest paid on lease liabilities (38) (35)
Interest paid other than on lease liabilities (1) (3)
Proceeds from share allotment under employee stock options/ performance share schemes 0 0
Net cash used in financing activities - [C] (4,225) (5,723)

Net increase/(decrease) in cash and cash equivalents - [A+B+C] 670 (1,628)

Add: Cash and cash equivalents at the beginning of the period 1,740 3,130
Add: Cash acquired under Business Combination - 300
Cash and cash equivalents at the end of the period 2,410 1,802

Note: The above Standalone Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in Ind AS 7, 'Statement of Cash Flows'.

#
 Digitally signed by SANJIV

SANJIV MEHTA MEHTA

Date: 2021.10.19 13:06:54
+05'30'

Digitally signed by
ANIRUDDHA ANIRUDDHA SHREEKANT
SHREEKANT GODBOLE
Date: 2021.10.19 13:20:04
GODBOLE +05'30'
 B S R & Co. LLP
Chartered Accountants
14th Floor, Central B Wing and North C Wing, Telephone: +91 22 6257 1000
Nesco IT Park 4, Nesco Center, Fax: +91 22 6257 1010
Western Express Highway,
Goregaon (East), Mumbai - 400 063

Limited Review Report on Unaudited Quarterly and Year-to-date

Consolidated Financial Results of Hindustan Unilever Limited under
Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015

To the Board of Directors of

Hindustan Unilever Limited
1. We have reviewed the accompanying Statement of unaudited consolidated financial results of
Hindustan Unilever Limited (“the Parent”) and its subsidiaries (the Parent and its subsidiaries
together referred to as “the Group”) for the quarter ended 30 September 2021 and year to date
results for the period from 1 April 2021 to 30 September 2021 (“the Statement”), being
submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing
Regulations”).

2. This Statement, which is the responsibility of the Parent’s management and approved by the
Parent’s Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in Indian Accounting Standard 34 “Interim Financial
Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other
accounting principles generally accepted in India and in compliance with Regulation 33 of the
Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our
review.

3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the
Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India.
A review of interim financial information consists of making inquiries, primarily of persons
responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with
Standards on Auditing and consequently does not enable us to obtain assurance that we would
become aware of all significant matters that might be identified in an audit. Accordingly, we do
not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under
Regulation 33 (8) of the Listing Regulations, to the extent applicable.

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP
(a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco
Center, Western Express Highway, Goregaon (East), Mumbai - 400063
B S R & Co. LLP

Limited Review Report on Unaudited Quarterly and Year-to-date

Consolidated Financial Results of Hindustan Unilever Limited under
Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (Continued)

4. The Statement includes the results of the following entities:

Name of the Entity Relationship
Unilever India Exports Limited Wholly owned subsidiary
Lakme Lever Private Limited Wholly owned subsidiary
Pond’s Exports Limited Wholly owned subsidiary
Daverashola Estates Private Limited Wholly owned subsidiary
Jamnagar Properties Private Limited Wholly owned subsidiary
Levindra Trust Limited Wholly owned subsidiary
Levers Associated Trust Limited Wholly owned subsidiary
Hindlever Trust Limited Wholly owned subsidiary
Hindustan Unilever Foundation Wholly owned subsidiary
Bhavishya Alliance Child Nutrition Initiatives Wholly owned subsidiary
Unilever India Limited Wholly owned subsidiary
Unilever Nepal Limited Subsidiary

5. Based on our review conducted and procedures performed as stated in paragraph 3 above and
based on the consideration of the review report of other auditors referred to in paragraph 6
below, nothing has come to our attention that causes us to believe that the accompanying
Statement, prepared in accordance with the recognition and measurement principles laid down
in the aforesaid Indian Accounting Standard and other accounting principles generally accepted
in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of
the Listing Regulations, including the manner in which it is to be disclosed, or that it contains
any material misstatement.

6. We did not review the interim financial information of one (1) subsidiary, Unilever Nepal
Limited, included in the Statement, whose interim financial information reflects total assets of
Rs. 354 crores as at 30 September 2021 and total revenue of Rs. 127 crores and Rs. 227 crores,
total net profit after tax of Rs. 20 crores and Rs. 35 crores total comprehensive income of
Rs. 20 crores and Rs. 35 crores, for the quarter ended 30 September 2021 and for the period
from 1 April 2021 to 30 September 2021, respectively, and cash flows (net) of Rs. 9 crores for
the period from 1 April 2021 to 30 September 2021, as considered in the consolidated unaudited
financial results. This interim financial information has been reviewed by other auditors whose
report has been furnished to us by the management and our conclusion on the Statement, in so
far as it relates to the amounts and disclosures included in respect of this subsidiary, is based
solely on the report of the other auditors and the procedures performed by us as stated in
paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matter.

For B S R & Co. LLP

Chartered Accountants
Firm's Registration No: 101248W/W-100022
ANIRUDDHA Digitally signed by ANIRUDDHA
SHREEKANT GODBOLE
SHREEKANT Date: 2021.10.19 13:20:33
GODBOLE +05'30'

Aniruddha Godbole
Partner
Mumbai Membership No: 105149
19 October 2021 ICAI UDIN: 21105149AAAAFJ2524
 CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED AND SIX MONTHS ENDED 30TH SEPTEMBER, 2021
(Rs in Crores)
Unaudited Results for Unaudited Results for Unaudited Results for Audited Results for
the quarter ended the quarter ended Particulars six months ended the year ended
30th September 30th June 30th September 31st March
2021 2020 2021 2021 2020 2021
Revenue from operations
12,812 11,510 11,996 Sale of products 24,808 22,080 46,269
19 10 8 Sale of services 27 12 52
215 163 190 Other operating revenue 405 322 707
53 93 66 Other income 119 247 410
13,099 11,776 12,260 TOTAL INCOME 25,359 22,661 47,438
EXPENSES
4,242 4,279 3,680 Cost of materials consumed 7,922 7,964 15,432
2,239 1,442 2,232 Purchases of stock-in-trade 4,471 3,094 7,121
(160) (229) 133 Changes in inventories of finished goods (including stock-in-trade) and (27) (402) (405)
work-in-progress
620 588 654 Employee benefits expenses 1,274 1,212 2,358
28 31 13 Finance costs 41 62 117
281 265 260 Depreciation and amortisation expenses 541 522 1,074
Other expenses
1,226 1,144 1,029 Advertising and promotion 2,255 1,944 4,754
1,653 1,534 1,545 Others 3,198 2,982 6,142
10,129 9,054 9,546 TOTAL EXPENSES 19,675 17,378 36,593

2,970 2,722 2,714 Profit before exceptional items and tax 5,684 5,283 10,845
(5) (83) (27) Exceptional items [net credit/ (charge)] (32) (202) (239)
2,965 2,639 2,687 Profit before tax from continuing operations 5,652 5,081 10,606
Tax expenses
(728) (633) (556) Current tax (1,284) (1,246) (2,520)
(55) (32) (31) Deferred tax credit/(charge) (86) 36 (86)
2,182 1,974 2,100 Profit after tax from continuing operations (A) 4,282 3,871 8,000

3 0 (0) Profit/(Loss) from discontinued operations before tax 3 0 (1)

- - - Tax expenses of discontinued operations - - -
3 0 (0) Profit/(Loss) from discontinued operations after tax (B) 3 0 (1)

2,185 1,974 2,100 PROFIT FOR THE PERIOD (A+B) 4,285 3,871 7,999

OTHER COMPREHENSIVE INCOME

Items that will not be reclassified subsequently to profit or loss
1 2 2 Remeasurements of the net defined benefit plans 3 4 (3)
(0) (0) (0) Tax on above (0) (1) 1

Items that will be reclassified subsequently to profit or loss

(7) 0 (0) Fair value of debt instruments through other comprehensive income (7) 0 (0)
2 (0) 0 Tax on above 2 (0) 0

39 0 3 Fair value of cash flow hedges through other comprehensive income 42 32 70

(8) (9) 4 Tax on above (4) (38) (47)

27 (7) 9 OTHER COMPREHENSIVE INCOME FOR THE PERIOD (C) 36 (3) 21

2,212 1,967 2,109 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD (A+B+C) 4,321 3,868 8,020

Net Profit attributable to

2,181 1,974 2,097 a) Owners of the company 4,278 3,872 7,995
4 (0) 3 b) Non-controlling interest 7 (1) 4

Other comprehensive income attributable to

27 (7) 9 a) Owners of the company 36 (3) 21
(0) - 0 b) Non-controlling interest (0) - 0

Total comprehensive income attributable to

2,208 1,967 2,106 a) Owners of the company 4,314 3,869 8,016
4 (0) 3 b) Non-controlling interest 7 (1) 4

235 235 235 Paid up Equity Share Capital (Face value Re. 1 per share) 235 235 235
Other Equity 47,439
Earnings per equity share from continuing operations (Face value of
Re. 1 each)
9.27 8.40 8.92 Basic (in Rs.) 18.19 16.48 34.03
9.27 8.40 8.92 Diluted (in Rs.) 18.19 16.48 34.03

Earnings per equity share from discontinued operations (Face value

of Re. 1 each)
0.01 0.00 (0.00) Basic (in Rs.) 0.01 0.00 (0.00)
0.01 0.00 (0.00) Diluted (in Rs.) 0.01 0.00 (0.00)
Earnings per equity share from continuing and discontinued
operations (Face value of Re. 1 each)
9.28 8.40 8.92 Basic (in Rs.) 18.20 16.48 34.03
9.28 8.40 8.92 Diluted (in Rs.) 18.20 16.48 34.03

#
 CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES
(Rs in Crores)
Unaudited Results for Unaudited Results for Unaudited Results for Audited Results for
the quarter ended the quarter ended Particulars six months ended the year ended
30th September 30th June 30th September 31st March
2021 2020 2021 2021 2020 2021
Segment Revenue (Sales and Other operating income)
3,838 3,318 3,797 - Home Care 7,635 6,710 13,957
5,026 4,550 4,585 - Beauty & Personal Care 9,611 8,593 18,038
3,622 3,379 3,319 - Foods & Refreshment 6,941 6,337 13,204
560 436 493 - Others (includes Exports, Consignment, etc.) 1,053 774 1,829
13,046 11,683 12,194 Total Segment Revenue 25,240 22,414 47,028

Segment Results
728 678 662 - Home Care 1,390 1,315 2,773
1,399 1,328 1,287 - Beauty & Personal Care 2,686 2,452 5,134
664 559 600 - Foods & Refreshment 1,264 1,141 2,189
154 95 112 - Others (includes Exports, Consignment, etc.) 266 190 456
2,945 2,660 2,661 Total Segment Results 5,606 5,098 10,552
(5) (83) (27) Add/(Less): Exceptional Items [net credit/(charge)] (32) (202) (239)
(28) (31) (13) Less: Finance Costs (41) (62) (117)
Add/(Less): Finance Income and Other unallocable income net
53 93 66 of unallocable expenditure 119 247 410
2,965 2,639 2,687 Total Profit Before Tax From Continuing Operations 5,652 5,081 10,606

Segment Assets
3,665 3,102 3,222 - Home Care 3,665 3,102 3,175
6,259 6,193 5,768 - Beauty & Personal Care 6,259 6,193 5,910
49,533 49,543 49,229 - Foods & Refreshment 49,533 49,543 49,510
1,143 882 1,139 - Others (includes Exports, Consignment, etc.) 1,143 882 1,068
8,776 7,932 7,866 - Unallocable corporate assets 8,776 7,932 9,094
69,376 67,652 67,224 Total Assets 69,376 67,652 68,757

Segment Liabilities
3,474 3,293 3,426 - Home Care 3,474 3,293 3,404
5,688 5,558 5,488 - Beauty & Personal Care 5,688 5,558 5,636
3,451 3,169 3,246 - Foods & Refreshment 3,451 3,169 3,358
590 489 611 - Others (includes Exports, Consignment, etc.) 590 489 608
8,188 8,297 8,665 - Unallocable corporate liabilities 8,188 8,297 8,057
21,391 20,806 21,436 Total Liabilities 21,391 20,806 21,063

Notes:

1. Segment Revenue, Results, Assets and Liabilities represent amounts identifiable to each of the segments. "Other unallocable income net of unallocable expense” mainly includes interest income,
dividend income, income from current investments (net), expenses on common services not directly identifiable to individual segments, corporate expenses, etc.

Segment Assets and Segment Liabilities are as at 30th September 2021, 30th June 2021, 31st March 2021 and 30th September 2020. Unallocable corporate assets, unallocable corporate liabilities
mainly represent investment of surplus funds, cash and bank balances and tax assets and liabilities.

Registered Office : Unilever House, B.D. Sawant Marg, Chakala, Andheri East, Mumbai 400 099.
CIN : L15140MH1933PLC002030. Tel : +91 (22) 3983 0000.
Email: levercare.shareholder@unilever.com

#
 CONSOLIDATED BALANCE SHEET AS AT 30TH SEPTEMBER, 2021
(Rs in Crores)
Unaudited Audited
Statement of Assets and Liabilities As at As at
30th September, 2021 31st March, 2021

A ASSETS

1 Non-current assets
Property, plant and equipment 6,159 6,116
Capital work-in-progress 922 745
Goodwill 17,316 17,316
Other intangible assets 27,917 27,930
Goodwill on consolidation 81 81
Financial assets
13 - Investments 2 2
- Loans 105 111
- Other financial assets 751 757
Non-current tax assets (net) 1,296 1,246
11 Deferred tax assets (net) 17 17
3 Other non-current assets 243 219
Total Non-current assets 54,809 54,540

2 Current assets
5 Inventories 3,562 3,579
Financial assets
- Investments 2,306 2,707
1 - Trade receivables 2,236 1,758
- Cash and cash equivalents 2,514 1,842
- Bank balances other than cash and cash equivalents mentioned above 1,993 2,629
2 - Other financial assets 1,248 1,188
Current tax assets (net) 3 -
4 Other current assets 688 497
Assets held for sale 17 17
Total - Current assets 14,567 14,217

TOTAL - ASSETS 69,376 68,757

B EQUITY AND LIABILITIES

1 EQUITY

Equity share capital 235 235

Other equity 47,723 47,439
Non-controlling interest 27 20
Total - Equity 47,985 47,694

2 LIABILITIES

Non-current liabilities
Financial liabilities
- Lease liabilities 789 731
7 - Other financial liabilities 257 296
8 Provisions 1,581 1,578
9 Deferred tax liabilities (net) 6,075 5,988
Non-current tax liabilities (net) 1,299 1,367
Total - Non-current liabilities 10,001 9,960

Current liabilities
Financial liabilities
- Borrowings 55 -
- Lease liabilities 285 278
6 - Trade payables
total outstanding dues of micro enterprises and small enterprises 66 67
total outstanding dues of creditors other than micro enterprises and small enterprises 8,940 8,735
- Other financial liabilities 903 928
10 Other current liabilities 608 588
Provisions 430 507
Current tax liabilities (net) 103 -
Total - Current liabilities 11,390 11,103

TOTAL - EQUITY AND LIABILITIES 69,376 68,757

Note: Previous period figures have been re-grouped / re-classified wherever necessary, to conform to current period’s classification in order to comply with the
requirements of the amended Schedule III to the Companies Act, 2013 effective 1st April 2021.

#
 UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR SIX MONTHS ENDED 30TH SEPTEMBER, 2021
(Rs in Crores)
Six Months ended Six Months ended
30th September, 2021 30th September, 2020
A CASH FLOW FROM OPERATING ACTIVITIES:
Profit before tax from continuing operations 5,652 5,081
Adjustments for:
Depreciation and amortisation expenses 550 567
(Profit) / loss on sale of property, plant and equipment 2 9
Government grant accrued (net) - (13)
Contingent Consideration true up for business combination - (4)
Finance Income (84) (213)
Other non operating income - Fair value (gain)/loss on investments (35) (34)
Interest expense 41 62
Provision for expenses on employee stock options - 2
Profit on sale of brand rights (29) -
Inventory written off net of Provision/(write back) for Inventory 88 99
Bad debts/assets written off net of Provision/(write back) (2) 23
Mark-to-market (gain)/loss on derivative financial instruments 1 19
Cash Generated from operations before working capital changes 6,184 5,598

Adjustments for:
(Increase)/decrease in Non-Current assets (3) (16)
(Increase)/decrease in Current Assets (679) (792)
(Increase)/decrease in Inventories (71) (347)
Increase/(decrease) in Non-Current Liabilities (12) 26
Increase/(decrease) in Current Liabilities 100 398
Cash generated from operations 5,519 4,867
Taxes paid (net of refunds) (1,304) (902)
Profit from discontinued operations 3 0
Net cash generated from operating activities - [A] 4,218 3,965

B CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of property, plant and equipment (480) (276)
Sale proceeds of property, plant and equipment 0 6
Purchase of Intangible assets (0) (3,422)
Contingent Consideration paid on business combination (41) (29)
Purchase of current investments (28,226) (17,294)
Sale of current investments 28,655 16,961
Stamp duty on issue of Equity shares - (44)
Investment in term deposits (having original maturity of more than 3 months) (1,787) (21)
Redemption/maturity of term deposits (having original maturity of more than 3 months) 2,430 4,012
Interest received 78 184
Net cash generated from investing activities - [B] 629 77

C CASH FLOW FROM FINANCING ACTIVITIES:

Dividends paid (3,994) (5,521)
Amount borrowed for short term purpose 55 188
Principal payment of lease liabilities (194) (170)
Interest paid on lease liabilities (41) (37)
Interest paid other than on lease liabilities (1) (4)
Proceeds from share allotment under employee stock options/ performance share schemes 0 0
Net cash used in financing activities - [C] (4,175) (5,544)

Net increase/(decrease) in cash and cash equivalents - [A+B+C] 672 (1,502)

Add: Cash and cash equivalents at the beginning of the period 1,842 3,216
Add: Cash acquired under Business Combination - 300
Cash and cash equivalents at the end of the period 2,514 2,014

Note: The above Consolidated Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in Ind AS 7, 'Statement of Cash Flows'.

#
 Digitally signed by
SANJIV SANJIV MEHTA
Date: 2021.10.19 13:05:54
MEHTA +05'30'

Digitally signed by
ANIRUDDHA ANIRUDDHA SHREEKANT
SHREEKANT GODBOLE
Date: 2021.10.19
GODBOLE 13:21:06 +05'30'
 STANDALONE RESULTS FOR THE QUARTER ENDED 30 th SEPTEMBER 2021

11% DOMESTIC CONSUMER GROWTH, 9% PROFIT AFTER TAX GROWTH

Mumbai, 19 th October 2021: Hindustan Unilever Limited announced its results for the quarter ended 30th September 2021.

September Quarter 2021: Robust broad-based performance in a challenging environment

HUL delivered a strong performance in this quarter with Domestic Consumer Growth of 11% and Profit After Tax (PAT) growth
of 9%. Performance was broad based with all 3 divisions growing competitively. Business fundamentals remained strong w ith
more than three-fourths of the business gaining market share and penetration.

Home Care:
Home Care grew 15% driven by high double-digit growth in Fabric Wash. Household care continued to perform well an d g rew
on a strong base. Liquids and Fabric Sensations continue to outperform. Calibrated price increases were taken across Fabric
Wash and Household Care portfolios to partly offset the high inflation in input costs. Extending its Clean Future journey, ‘Su rf
Excel Matic’ has transitioned to bottles made from 50% recycled plastic while using 100% biodegradable actives in its
formulation. Home Care also launched ‘Smart Fill’ machines to empower consumers to reduce plastic waste.

Beauty & Personal Care:

Beauty & Personal Care grew 10% led by Skin Care, Colour Cosmetics and Hair Care. Contextual communications in Hair Care
continue to yield good results as it delivered another quarter of strong performance. Skin Care and Colour Cosmetics
delivered high double-digit growths as mobility improved. Soaps grew on a high base led by strong growths in beauty and
premium segment. Hand Hygiene portfolio declined against a strong prior year comparator. ‘VWash’ had another strong
quarter. A calibrated approach towards price increase has helped protect the business model as vegetable oil prices remain at
elevated levels. During this quarter ‘Pond’s Gold Beauty’ range, limited edition lip colours in ‘Lakme’ and ‘Vaseline Lip
Therapy’ range were launched. Premium beauty brands ‘Lakme’, ‘Simple’ and now ‘Love Beauty and Planet’ are also availab l e
on dedicated D2C platforms. Lakme saw 30% of its sales come through digital platforms.

Foods & Refreshment:

Foods & Refreshment grew at 7% against a strong prior year comparator. Tea grew on a very strong base and further
strengthened its market leadership. Focus on market development in Nutrition is yielding good results. Health Food Drinks
volumes grew double-digit and it continued to gain penetration sequentially. Ice Creams recovered strongly driven by effective
communications and innovations. Foods had a soft quarter on the back of high teens growth in the base period. ‘Kissan Peanut
Butter’ and ‘Hellman’s Mayonnaise’ innovations are picking up momentum. In this quarter, ‘Horlicks’ expanded its high
sciences range with the launch of ‘Horlicks Diabetes Plus’.

Operating margins:
EBITDA margin was stepped up sequentially vs JQ’21 and is at 25%. PAT at Rs. 2,187 Crores increased by 9% year-on-year. We
continue to invest behind building our brands, portfolio and future-fit capabilities. Our focused actions on Net Revenue
Management and savings have enabled us to manage inflationary pressures and deliver a healthy bottom-line performance.

Interim dividend: The Board of Directors has declared an interim dividend of Rs.15/- per share for year ending 31st March
2022.

Sanjiv Mehta, Chairman and Managing Director commented: ‘September quarter witnessed a sequential improvement in
trading conditions, albeit remained challenging with unprecedented levels of input cost inflation and subdued consumer
sentiments. In this backdrop, we have delivered a strong performance growing topline in double digits and stepping up
profitability sequentially. Large parts of our business continue to gain market shares and penetration. Calibrated price
increases and laser sharp focus on savings has helped us protect our business model while ensuring the right price-value
equation for our consumers. Through our ‘Re-Imagine HUL’ programme, we have further strengthened the digital capabilities
across our organisation. We are making significant progress in our sustainable living journey. We are on track to collect and
process more plastic waste than we sell in our packaging this year through our network of partners.

Looking forward, we remain cautiously optimistic about demand recovery. In these times of uncertainty and unprecedented
input cost inflation, we continue to firmly focus in delivering Consistent, Competitive, Profitable and Responsible Growth.’

Sensitivity: Public