# India FMCG earnings mixed in Q1 FY27, HUL profit dip > Live situation record from CLSTR: https://clstr.news/situations/india-fmcg-sector-earnings-and-staffing > Updated: 2026-07-28T08:49:39.000Z. Sources: 35. Developments: 3. July‑August filings keep India’s fast‑moving consumer goods (FMCG) and health‑related sectors on a fragmented footing. Nestlé India posted a 47.9% profit jump to ₹975 crore, with sales up 25.4% and exports rising 35.6%, and announced a €3 billion cash raise as it spins off its bottled‑water business into a 50:50 joint venture with Platinum Equity (new entity Peranel). Granules India again delivered a near‑60% profit surge, driven by margin expansion and 22% revenue growth. Hindustan Unilever’s revenue rose about 10% to ₹17.34 trillion, but consolidated net profit fell 3% year‑on‑year to roughly ₹2,673‑2,680 crore. The company absorbed half of an estimated 10% input‑cost inflation, passing only a 5% price rise to consumers and leaning on volume‑led growth (underlying volume up 5%). EBITDA climbed 8% to ₹3,947 crore, keeping the margin near 23%. Shares slipped nearly 6% on the earnings day but rebounded about 4% intraday, ending the session up roughly 3.9%. Several brokerages upgraded the stock, setting target prices between ₹2,450 and ₹2,850 and labeling it bullish despite the profit miss. Pharma and health‑retail firms faced pressure: Cipla’s profit fell 39% to ₹7.89 billion, Dr Reddy’s saw a 69% plunge to ₹4,435 crore, and MedPlus reported a 22% profit decline to ₹331.8 million, citing higher expansion costs and competition. Meanwhile, Larsen & Toubro posted a 14% PAT rise and Asian Paints a 40% profit jump, while Vedanta Power recorded a loss. Domestic demand and export momentum sustain a few FMCG leaders, but margin stress and operational setbacks linger for pharma and health‑retail players. ## Claims - Hindustan Unilever's Q1 FY27 consolidated revenue increased 10% year-on-year to Rs 17,340 crore. (corroborated by 4 sources) - Hindustan Unilever's Q1 FY27 net profit fell 3% year-on-year to Rs 2,673 crore. (corroborated by 4 sources) - Brokerages upgraded Hindustan Unilever ratings and set target prices between Rs 2,450 and Rs 2,850 after the earnings release. (corroborated by 4 sources) - Hindustan Unilever shares fell nearly 6% after the earnings release then rose about 4% intraday. (corroborated by 3 sources) - Larsen & Toubro's Q1 FY27 profit after tax rose 14% to Rs 4,123 crore. (corroborated by 2 sources) - Larsen & Toubro secured new orders worth Rs 108,014 crore in Q1 FY27, with Rs 60,702 crore from international customers. (corroborated by 2 sources) - Underlying volume growth for Hindustan Unilever was around 5% in the quarter. (corroborated by 2 sources) - Hindustan Unilever absorbed half of input‑cost inflation, passing only a 5% price increase to consumers. (corroborated by 2 sources) - Hindustan Unilever's EBITDA rose 8% to Rs 3,947 crore, with the margin staying near 23%. (corroborated by 2 sources) - Vedanta Power posted a standalone Q1 loss of Rs 449 crore with total income of Rs 1,844 crore. (single source) - Asian Paints' Q1 FY27 net profit increased 40% to Rs 1,539 crore and revenue rose 18% to Rs 10,521 crore. (single source) - KPIT Technologies' Q1 FY27 net profit fell 32% to Rs 117 crore while revenue grew 8.85% to Rs 1,675 crore. (single source) ## Timeline ### 2026-07-28: Hindustan Unilever Q1 FY27 profit dip triggers mixed market reaction and broker upgrades Hindustan Unilever's Q1 FY27 profit fell 3% to ~Rs 2.68 cr, revenue rose 10% to Rs 17.34 cr, EBITDA up 8%; shares dropped 6% then rebounded, while brokers upgraded ratings with higher targets. 16 sources. https://clstr.news/cluster/hindustan-unilever-reports-10-revenue-growth-but-shares-drop-nearly-6 ### 2026-07-21: Indian companies report mixed Q1 earnings: Nestlé profit jump, Cipla decline, IndusInd rise Nestlé India Q1 profit jumps 48% while Cipla, Dr Reddy’s and MedPlus report declines; IndusInd Bank posts profit growth; Nestlé plans €3 bn water JV spin‑off. 23 sources. https://clstr.news/cluster/granules-india-q1-profit-jumps-60-on-margin-gains ### 2026-07-12: India FMCG firms report profit jump at Bajaj and staff cuts at HUL, Dabur Bajaj Consumer Care posted an 84% profit rise to Rs 70.75 cr in Q1 FY27, while HUL and Dabur cut permanent staff in FY26 despite higher median pay hikes. 2 sources. https://clstr.news/cluster/india-fmcg-firms-report-profit-jump-at-bajaj-and-staff-cuts-at-hul-dabur --- Cite as: India FMCG earnings mixed in Q1 FY27, HUL profit dip. CLSTR, https://clstr.news/situations/india-fmcg-sector-earnings-and-staffing