Segment
Health Drinks
Indian alternatives
Ownership score0/ 100
Brand profile
Horlicks Protein Plus
Mixed ownership
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Foreign-owned brand under Hindustan Unilever, operating in Health Drinks.
Ownership chain
Control and economic value primarily flow outside India.
Control country
United Kingdom
Parent entity
Economic flow
Mixed flow
Primary category
Food & Beverages
Primary segment
Health Drinks
Mapped products
1
Alternative profiles
8
Peer comparisons
0
Ownership score
At-a-glance ownership confidence
Score combines equity, parent control, legal structure, and operating footprint signals.
53/100
Ownership breakdown
Operating entity
Horlicks Protein Plus
Parent entity
Parent country
United Kingdom
Ownership %
38.1%
Structure type
Indian listed company with foreign promoter control
Why this score
- Lower Indian equity ownership keeps the overall score down.
- Parent-country and strategic-control signals are less India-linked.
- Manufacturing and value retention in India are both materially present.
Context
This brand operates under Hindustan Unilever. Strategic control is concentrated at the parent level.
Ownership score breakdown
Equity ownership15/40
Indian equity ownership is limited, lowering this component.
Parent company country0/15
Parent company location is outside India, reducing domestic control points.
Headquarters proxy10/10
Headquarters signals are aligned with India.
Legal structure10/10
Legal structure is aligned with Indian ownership orientation.
Manufacturing in India9/10
Significant manufacturing operations are confirmed in India.
Revenue retained in India9/10
A substantial share of value appears retained in India.
Strategic control0/5
Strategic control appears concentrated outside India.
Company details
Headquarters
Mumbai, India
Parent company country
United Kingdom
Founded
—
Price segment
Mass
Ownership type
Indian listed company with foreign promoter control
Official website
Products
Products under this brand
Mixed
Health Drinks
Horlicks Protein Plus Official Range
Alternatives
Alternatives and related brands around Horlicks Protein Plus
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Open comparison builderEvidence and references
Horlicks Protein Plus is a foreign-controlled brand under Hindustan Unilever. It is most closely associated with Health Drinks.
Same parent
Other brands owned by Hindustan Unilever
9 brands in the portfolio
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For journalists & researchers
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Plain text
Horlicks Protein Plus — Mixed ownership. Parent: Hindustan Unilever. Country of control: United Kingdom. Ownership score: 53/100. Source: Switch To India (https://switchtoindia.in/brand/horlicks-protein-plus).
APA
Switch To India. (2026). Horlicks Protein Plus: Brand ownership profile. Retrieved 26 April 2026, from https://switchtoindia.in/brand/horlicks-protein-plus
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