HUL Faces Rs 1,559 Crore Income Tax Demand; Shares Dip
Brand Marketing
S
Storyboard•09-01-2026, 14:49
HUL Faces Rs 1,559 Crore Income Tax Demand; Shares Dip
- •Hindustan Unilever Ltd (HUL) received an income tax assessment order demanding Rs 1,559.69 crore for FY 2021–22.
- •The order, issued by the Assistant Commissioner of Income Tax, Mumbai, relates to transfer pricing adjustments and corporate tax disallowances.
- •HUL stated the order will not materially impact its financials, operations, or business activities.
- •The company plans to appeal the order before the appropriate appellate authority.
- •HUL shares fell 0.6% following the disclosure, despite reporting a 3.8% rise in Q2 FY25 net profit.
Why It Matters: HUL challenges a significant income tax demand, asserting no material financial impact while shares dip.
✦
More like this
Loading more articles...
