HUL’s premium skincare portfolio operating at Rs 1,400 crore ARR: CEO Priya Nair

Hindustan Unilever Limited (HUL) CEO Priya Nair has said that the company’s premium skincare portfolio is operating at an ARR of close to Rs 1400 crores. The figure was shared by Nair while speaking during the company's fourth quarter earnings call.

“The skin care market is premiumizing and we are seeing now very strong double-digit growth and market share gains in our premium skincare portfolio across formats whether it is sun care, light moisturizers, facial cleansers. We are now seeing very strong momentum there. Our premium skin beauty portfolio is now operating between Minimalist, Simple, Ozeva and nexus at an ARR of close to 1400 crores. And, therefore, this augurs well as it gets larger in terms of size,” she said.

Talking further about the beauty business, Nair shared, “Our beauty and well-being business grew USG at 8%. Remember that the USG does not include at this moment minimalist which lies in revenue at the revenue line, not yet in the USG line and underlying level our overall beauty and well-being business will be growing double digits and therefore that’s how you should revenue growth would be close to double digits.”

On the mask skin care range, she said, “Within the mask skin care portfolio, it was subdued both, on Glow and Lovely and especially on talcum powders because talcum powders in March quarter, given the seasonality, had a very weak quarter. We will look as we go into this quarter how that fared. But our focus is really on driving this up trading premiumization which is now getting to scale in our business.”

She also mentioned that the company recently committed Rs 2000 crores of capex investments in premium formats of beauty and home care.

“Overall, we continue to step up our play in beauty and well-being led by volume growth in premium portfolio and channels of the future,” she shared.