27th May, 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.: Integrated Annual Report for the financial year ended 31st March, 2021 This is further to our letter dated 29th April, 2021 wherein the Company had informed that the Annual General Meeting (AGM) of the Company is scheduled to be held on Tuesday, 22nd June, 2021 through Video Conference / Other Audio-Visual Means, in accordance, with the relevant circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI). In terms of the requirements of Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Integrated Annual Report of the Company including the Business Responsibility Report and the Notice of AGM for the financial year 2020-21, which is being sent through electronic mode to the Members. The Integrated Annual Report containing the Notice of Annual General Meeting is also uploaded on the Company’s website at https://www.hul.co.in/investor-relations/annual- reports/ and this is also available on the website of NSDL at www.evoting.nsdl.com. You are requested to kindly take the above information on record. Thanking you, Yours faithfully, For HINDUSTAN UNILEVER LIMITED Dev Bajpai Executive Director, Legal & Corporate Affairs and Company Secretary DIN : 00050516 / FCS No. : 3354 Encl. as above Purpose-led, future-fit Hindustan Unilever Limited Integrated Annual Report 2020-21 INTEGRATED ANNUAL REPORT 2020-21 BASIS OF PREPARATION AND PRESENTATION Contents Summary Listing Regulations and the Standards Independent Auditors M/s. B S R & Co. The terms ‘HUL’, ‘the Company’, ‘your issued by the Institute of Company LLP, Chartered Accountants. Secretaries of India. OVERVIEW Company’, ‘we’, ‘our’ and ‘us’ refer Your Company’s Unilever Sustainable to Hindustan Unilever Limited. Our 02 At a Glance Reporting Scope Living Plan (USLP) performance is a Integrated Annual Report comprising subset of the Unilever PLC’s reported 04 Chairman’s Statement the Statutory Reports, (page nos. The Integrated Annual Report including USLP performance. Independent 06 Board of Directors the Statutory Reports and Audited 2 to 109), contains information about us, assurance has been provided by Financial Statements provides 07 Management Committee how we create value for our stakeholders PricewaterhouseCoopers LLP over the information with respect to the 08 Our Performance and how we run our business. It includes Unilever PLC aggregated USLP and Company’s operations for the financial our strategy, business model, market Environmental and Occupational 09 Financial Performance year 2020-21 (unless specifically outlook and key performance indicators. Safety performance indicators, 10 India Sustainability Initiatives (Highlights) The Report of Board of Directors and mentioned otherwise). details are indicators. Details are 12 Our Strategy the Management Discussion and Accountability Statement available at https://www.unilever.com/ 16 Our Business Model Analysis detail our performance as planet-and-society/. well as our approach to sustainability The Company’s Board of Directors and risk management. Our Corporate confirm that the HUL Integrated The Company has obtained Certificate REPORTS Annual Report, taken as a whole, is from M/s. B S R Co. & LLP, Chartered Governance Report, part of the Report of 18 Report of Board of Directors and fair, balanced and provides fair and Board of Directors, (page nos. 80 to 109), Accountants, Statutory Auditors Management Discussion and Analysis contains an analysis of steps taken necessary information to shareholders confirming the compliance of 56 Annual Report on Corporate Social Responsibility in the area of Corporate Governance on the Company’s performance, conditions of Corporate Governance 66 Business Responsibility Report including information as required under business model and strategy, together as stipulated under Listing Regulations the Securities and Exchange Board of with a description of the material risks and Certificate from M/s. S. N. 80 Corporate Governance Report India (Listing Obligations and Disclosure and opportunities. Ananthasubramanian & Co., Company 107 Secretarial Audit Report Requirements) Regulations, 2015 (Listing Secretaries confirming compliance with 110 Economic Value Added Regulations). Our Financial Statements Cautionary Statement the Act, applicable Rules made under and Notes are on (page nos. 112 to 269). Statements in this Integrated Annual the Act, Listing Regulations issued The Integrated Annual Report, Statutory Report, particularly those that relate by Securities and Exchange Board of FINANCIAL STATEMENTS Reports and Financial Statements have to the Management Discussion and India (SEBI). The Certificates form part Standalone Financial Statements been approved by the Board of Directors. Analysis, describing the Company’s of this Report. 112 Independent Auditors’ Report objectives, projections, estimates and 124 Balance Sheet Standards & Frameworks expectations, may constitute ‘forward- Materiality Determination 126 Statement of Profit and Loss The Integrated Annual Report is looking statements’ within the meaning This Report provides fair and balanced prepared in accordance with the guiding of applicable laws and regulations. information about the relevant 128 Statement of Changes in Equity matters that substantively affect your 130 Statement of Cash Flows principles of the Integrated Reporting Although the expectations are based Company’s ability to create value both <IR> Framework recommended by the on reasonable assumptions, the actual 132 Notes positively and negatively, including risks International Integrated Reporting results might differ. Council (IIRC). Statutory Reports, and opportunities and favourable and Consolidated Financial Statements including the Report of Board of unfavourable performance or prospects. Assurance by Independent 192 Independent Auditors’ Report Directors, the Management Discussion Auditor To identify material information or 202 Balance Sheet and Analysis (MD&A) and the Corporate The enclosed standalone and matters, we have taken a holistic Governance Report, are as per the consolidated Financial Statements of perspective by regularly engaging with 204 Statement of Profit and Loss regulatory requirements mandated your Company have been audited by the various key stakeholders. 206 Statement of Changes in Equity by the Companies Act, 2013 (the Act), 208 Statement of Cash Flows 210 Notes Online 269 Form AOC-1 • Find more information about HUL: www.hul.co.in • Find more information about Unilever Compass Commitments: https://www.hul.co.in/planet-and-society/ OTHERS • Integrated Annual Report along with other related documents can be downloaded: www.hul.co.in/investor- relations/annual-reports/hul-annual-report-related-documents.html 270 Awards & Recognition 271 Corporate Information Kind Attention Members: 272 Notice of Annual General Meeting Instructions to join the AGM 282 Profile of Directors For detailed instructions to join the AGM through Video Conference (VC)/ Other Audio Visual Means (OAVM) and the procedure to ask questions/ seek clarifications with respect to the Integrated Annual Report refer page nos. 273 to 277 of this Report. 2 Hindustan Unilever Limited Integrated Annual Report 2020-21 3 At a Glance As India’s largest fast moving consumer goods Company, we are driven by our purpose to make sustainable living commonplace. Powered by our people Using our scale for good Overview Our purposeful and inclusive culture We have an ambitious sustainability attracts the best talent agenda which is delivering Read more about our people on pages on 26 to 27 significant impact Over 85 years of heritage Strong brands with purpose Read more about the planet & society on pages 31 to 33 More than nine out of ten Indian Our 50+ brands help people feel good, households use one or more of look good and get more out of life our products on any given day Read more about our brands and consumers on % pages 22 to 25 42/58 100 Renewable grid electricity Gender balance in management (female/male) (a) ~4,500 14 Distributors Brands in India’s Top 100 Most Trusted Brands 2020 >1.3 21,000 Trillion litres of water potential created cumulatively by HUF (b) ~8mn Employees Stores sell our products 14 12 >154 mn ~1,150 Brands with turnover Years consecutive People reached cumulatively Suppliers of over K1,000 crores Employer of Choice through our Water Sanitation and Hygiene initiatives (c) Our Financial Highlights (Standalone*) Our Three Divisions Turnover Reported Net Profit Growth Turnover Growth Home Care Beauty & Personal Care Foods & Refreshment K45,311cr 18% 18% What we stand for: What we stand for: What we stand for: To make people’s homes a better We believe in beauty that cares for To make brands that not only taste 2019-20: L38,273cr 2019-20: 2% 2019-20: 12% world, and to make our people, society and our planet. and feel good, but that are a force world a better home. for good. Our largest categories: Our largest categories: Skin Cleansing, Our largest categories: Fabric Solutions, Skin Care, Hair Care Tea, Health Food Earnings Per Share Cash from Dividend Per Share Home and Hygiene Drinks