# HUL Q4 profit is seen rising faster than revenue, suggesting operating leverage remains supportive even as margin gains appear limited.

*business · news · 2026-04-29 · NDTV Profit*

## Key points

- HUL's Q4 profit is projected to rise 6%, outpacing 4% revenue growth.
- Operating leverage remains supportive despite limited margin expansion, with margins seen broadly flat.
- Underlying volume growth is estimated at 4.8%, surpassing the contribution from pricing.
- The ice-cream business divestment and accounting change affect reported growth and margins this quarter.
- Margin gains are offset by higher input costs and operating expenses, limiting overall expansion.

**Companies:** Hindustan Unilever
**Countries:** India

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/markets/hindustan-unilever-q4-preview-revenue-seen-rising-on-higher-volumes-margin-seen-range-bound-11427121)

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