A Study on Assessing Budgetary Control and Its Impact on Profitability at Hindustan Unilever Limited

Author(s)	Mr. K Sathish, Ms. Vardha Sai Swapna
Country	India
Abstract	This study examines the effectiveness of budgetary control and its impact on the profitability of Hindustan Unilever Limited (HUL), a leading FMCG company in India. The main objectives include understanding HUL’s budgeting structure, assessing the role of variance analysis in financial monitoring, and evaluating how budget control influences profitability. A descriptive research design was adopted, using secondary data from HUL’s financial reports between 2018 and 2023. Tools such as ratio analysis, variance analysis, and trend analysis were applied. The findings revealed a consistent positive variance in most years, indicating better-than-expected performance. Profitability indicators such as Net Profit Margin, Return on Assets (ROA), and Return on Equity (ROE) showed strong and stable outcomes. Statistical analysis confirmed a significant relationship between effective budgeting and profitability. The study concludes that effective budgeting helps in managing costs, planning better, and improving overall business performance. These results can help other companies improve their budgeting systems and financial results.
Keywords	Budgetary Control, Profitability, Variance Analysis, Trend Analysis.
Field	Business Administration
Published In	Volume 16, Issue 3, July-September 2025
Published On	2025-07-08
DOI	https://doi.org/10.71097/IJSAT.v16.i3.6881
Short DOI	https://doi.org/g9sx5s

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