Hindustan Unileve Hindustan Unitever Limited Unilever House BD Sawant Marg CChakala, Andheri East Mumbai 400 099 26th October, 2016 Tel: +91 (22) 3983 0000 Webs wvuwhul.co.in Stock Code BSE: 500696 ‘Ne L1540NaH193371.c002030 NSE: HINDUNILVR ISIN: INEO30A01027 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, Sub: Outcome of the Board Meeting held on 26th October, 2016 This is further to our letter dated 14th October, 2016, intimating the date of Board Meeting for consideration of unaudited financial results for the quarter ended 30th September, 2016. Pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors in their meeting held today have’ 1. approved the unaudited financial results for the quarter ended 30th September, 2016. We attach herewith a copy of the approved unaudited 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 the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2016. 2. declared an interim Dividend of Rs. 7/- per equity share of face value of Re. 1/- each for the financial year ending 31st March, 2017. The record date for determining the entitlement for the aforesaid dividend is fixed as Wednesday, 2nd November, 2016 and the dividend will be paid to the shareholders on or after 15th November, 2016. Please take the above information on record. Thanking You. Yours faithfully, K For Hindustan Unilever Limited fe S Se. (use fal m= ay 7) @ SF _ Bajp: Y Executive Director (Legal & Corporate Affairs) and Company Secretary Membership No. F3354rong peptone ‘opus snjeimesy pmonwun | ows swsen pereneun INS SRINOU HIS ONY WSLEVIO'HAT 3LINM Y3ASTINN NVISNGNIH yea Sen Mm fi‘Somaye@iepemiiranana aes onownea HEhs wea eo eam nea ny nes OH NI Pm verayeseo kpoped tao uso Kes nail payse-sipadn-, Lag Nm smb Oe sod "ung pe ses Bu par sre odio aooteun 58 REE Sodio RESCIEUN“gLOr WOH ISLC puEGioe acs OE sway esdoaxe pu saree indo ‘xauk wate way woos ‘puopnp simu epmau Aue smpuBdKe ajecoeun joj auDut AADRIEUN, ND HUD a ‘SALLIWaVr aNy Sassy ‘SLinsaa "3NNARY 3SIM LNBNOSS(Rs.in Grores) Slandalono Statement of Assets and Liabiitis [As at 30th September, 2016] As al Stet March, 2016 Particulars nauattod uaitea. a [assers 1 |Non-current assets propery, pant and equipment 2,980.94 2.90273, capital workin rogress 509.39 385.97 other itanaile assets 375.89 1200 vestments in subsidies associates and join ventures 282.66 313.55 Financia assets Investments 5.49 5.49 oar 161.22 wir Other finan arses 451.75 15948, income Taxassets (nt) 246.19 246.18 Detered tax assets (ne) soto 167.18 47.05 7 13.86 _——————asi.07 4358.40, 2 eunrant assets Javentories 2.23997 2,528.38 Financial assets investments 2aarst 2,460.60 Trade recelvables 4208.17 41054 52 Cash and cash equtvalents 11004 72 535.59 Bank balances other than Cash and Cash equivalents above 109.83 10363 Other financial assets 2,088.94 2.27218 other current assets 1523.07 ‘454.50 [acets lose! a5 neo forsale 73.44 21.84 ‘Sub-total. Current Assets Ba 5 58117 ‘TOTAL =ASSETS Ta326.02 8 |equiry ano uinsumes 1 feauty Equity Share capital 216.43 216.30 ther equity _ 5864.05 6,062.74, ‘Subtotal - Shareholders’ ands 8,080.48, 78.278.13 2 funsumes hon-curent abies Financial abies ‘Other financial abies 2192 18.68 rrovsions 533.27 593.49 Income tx tatiities net) 193.34 0.34 osher non current libities sss7| 182.09 ~ Sub-total 905.10 385.48 3 Jourren abies inane abies Trade payables 5,628.24 5,497.89 tnt fnaneal bites 19425 297.23 lornereuren ibis 98367 525.65 Provisions 321.78 290.18 current tax abies (ne) 247 50 s Sub-total. Currant abies 7340.48 5551.96 "TOTAL - EQUITY AND LIABILITIES THIEF TS1STNotes: 1, The financial results of the Company have been prepared in accordance with Indian Accounting Standards [Ind AS} prescribed under section 139 of Companies Act, 2013 read with the relevant rules thereunder and in terms of regulation 33 of the SEB! [Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI circular dated 5 July 2016 . The Company has prepared reconciliation of Net Profit for the quarter and half year ended 30" September 2015 and year ended 31 March 2016 for standalone financials under the previously applicable Indian Generally Accepted Accounting Principles [IGAAP) with the total Comprehensive Income as reported in these financial results under Ind- AS. The Company has also prepared an Equity reconciliation for standalone financials between the previous IGAAP and the Equity as reported under Statement of Assets and Liabilities under Ind AS as at 31* March 2016 in Annexure 1. 2. Securities Exchange Board of India (SEB!) has issued a clarification that “Income from Operations” may be disclosed inclusive of excise duty instead of net of excise duty, as specified in the Companies Act, 2013. In line with above, Company has published Sales from Operations gross of excise duty. The comparative re-stated figures for the previous periods have been annexed herewith in Annexure 2 3. Net Sales grew by 1.5% during the quarter with Domestic Consumer Business (FMCG) growing by 1.8% [excluding the impact of acquisition in current year & disposal in base year 4, Earnings before Interest, tax, depreciation and amortization (EBITDA) for the quarter is at Rs. 1,404.62 crores, [SQ'15: Rs. 1,336.64 crores} grew by 5.1%. 5. Profit After Tax before Exceptional items for the quarter is at Rs.1,081.84 crores (SQ'15: Rs. 990.24 crores) grew by 9.3%. 6. Exceptional items, net credit in SQ"16 includes income from sale of businesses Rs. 19.64 crores (SO'15: Nill, restructuring expenses Rs. 1.40 crores (SQ'15: Rs. 21.76 crores), profit on sale of surplus properties Rs. Nil (S0'15: Rs. 9.62 crores), 7. During the quarter, the Board have approved the company’s intention to divest its shareholding in Kimberly-Clark Lever Pvt. Ltd (KCL to its Joint Venture partner, Kimberly-Clark Corporation KCC. The above decision is in line with HUL’s objective to focus on its core business. The business continues to be operated by HUL & KCLL as Joint Venture till the completion of the transaction. The Investments in KCLL has been classified as held for sale as at 30th September 2016. 8. Previous period figures have been re-grouped/re-classified wherever necessary 9. The text of the above statement was approved by the Board of Directors at their meeting held on 26" October, 2016. co.in and Financial For more details on Results, visit Investor Relations section of our website at http://www. Results under Corporates section of www.nseindia.com and www.bseindia.com. / Place: Mumbai Safijiv Mehta Date: 26% October, 2016} K 2, ‘‘S¥ pul zad se And uopinp vo xe) pue puapiNG pasodolg (| exouve ‘dv¥v9) Jed se ANB 910 wae ISTE TE Se Dano Sunseu paupny, cocoa! 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LLP Chartered Accountants Sth Floor, Lodha Excelus, Telephone 491 (22) 4345 6300 ‘Apollo Mills Compound Fox 481 (22) 4345 5399 N.M. Joshi Marg, Mahalaxmi ‘Mumbai - 400 011 India Review report To the Board of Directors of Hindustan Unilever Limited We have reviewed the accompanying statement of unaudited financial results (‘the Statement’) of Hindustan Unilever Limited (‘the Company") for the quarter and six months ended 30 September 2016, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the statement based on our review. We conducted our review in accordance with the Standard on Review Engagement (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 financial statements are free of material misstatement, A review is limited primarily to inquiries of the 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. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable Accounting Standards i.e. Ind AS prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder 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 isto be disclosed, or that it contains any material misstatement, For BSR & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/ W — 100022 ve Akeel Master Mumbai Partner 26 October 2016 Membership No: 046768 BSN6coe parma with age Oe Feplnaton Nn Boot crn fe ote Bet Behco LP lstemtesLaclin Parrantie foal ile Compaund ‘nt otis tom Outer 213 Numatic!ESULTS FOR THE QUARTER ENDING 30" SEPTEMBER 2016 PROFITABLE GROWTH SUSTAINED IN A CHALLENGING ENVIRONMENT “Mumbai, October 26%, 2016: Hindustan Unilever Limited announced its results forthe quarter ending 30 September 2016 ‘The financial results forthe quarter have been prepared in compliance with the Indian Accounting Standards (ind AS}. In adlition, income from ‘operations’ has been reported inclusive ofexcise duty in accordance wth a recent SEBIcircuar During the quarter, inachallenging context where market growth continued to be under pressure, ur Domestic Consumer business grew at 2% and EBITDA, ‘margin expanded by 6o bps. Profit after tax before exceptional items, PAT (bei), grew by 9 to Rs. 2082 Crores, Home Care: Robust growth with continued momentum on premium laundry In Fabric Wash, growth was driven bythe premium segment as Surf maintained its strong volume-Ied growth. In Household Care, Vim liquid did well on the back of sustained market development. The Water business continued todo wel Personal Care: Growth impacted by slowing markets and Personal Wash volumes ln Personal Wash, the performance was impacted by price increases taken during the quarter. Skin Care growth was driven by the 88 and CC creams, Hair Care growth was led by the premium brands Dove and TRESemmeé. The recently acquire indulekha brand continued to perform well and wos extended to ‘new statesin the quarter. In Oral Care, the overall performance wassubdued, though Pepsodent stated recovering post elauneh, Lake Colour Cosmetics sustained itstrose based innovation led growth. In Deodorants, Axe Signature continued to gain ground during the quarter, Refreshment: Strong growth led by Tea |i Tea, all key brands grew well driven by focused in-market initiatives. Lipton Green Tea and the Natural Care portfolio registered another quarter of high ‘growth on sustained market development. in Coffee, Bru Gold continued to lead premiumization and performed wel. In ke Cream & Frozen Desserts, Magnum Minis were launched during the quarter. Foods: Modest growth in a challenging market ‘The focus continues to be on market development forthe category. Kissan range of premium Jams gained further traction with consumersané Instant Soups led the growth for Knorr Margin improvement sustained Cost of Goods Sold was higher by 10 bps due to rising input costs. Brand investments were maintained at competitive levels across segments. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 5% and EBITDA margin improved by 60 bps. Net Proft at Rs 1096 Cores, was up 1798 forthe quarter. ‘The Board of Directorshave declared an interim dividend of Rs 7 per equity share of face valve of Re, 1 each forthe year ending sast March 2017, Harish Manan, Chairman commented: "in challenging market conditions, we delivered another quarter of profitable growth, We remal focused on market evelopment, consumer led innovations and an even sharper drive on operating efficiencies. With a good monsoon, we expect a gradual improvement in "market demand and remain postive on the mid-ong term outlook for theindustry. Our strategic agenda of delivering Consistent, Competitive, roftadte and Responsible growth remains unchanged.” OE GW Ih vos eve Dove IY roms OE iy ie