HUL Faces ₹1,560-Cr Income Tax Order for FY22; Company to Appeal
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CNBC TV18•08-01-2026, 21:14
HUL Faces ₹1,560-Cr Income Tax Order for FY22; Company to Appeal
- •FMCG giant Hindustan Unilever (HUL) received an income tax assessment order of ₹1,559.69 crore for FY22 (AY 2022-23) on January 7, 2026.
- •The order, from the Assistant Commissioner of Income Tax, Central Circle 5(2), Mumbai, relates to transfer pricing adjustments and corporate tax disallowances.
- •HUL stated the order will not materially impact its financials or operations and plans to file an appeal within the permissible timeline.
- •The company recently reported Q2 net profit of ₹2,694 crore, aided by a ₹273 crore one-time gain from resolving UK/Indian tax matters.
- •Q2 revenue stood at ₹15,585 crore with flat underlying volume growth, while EBITDA declined by 2.3% to ₹3,563 crore.
Why It Matters: HUL received a significant tax order but asserts no material impact, planning an appeal while reporting mixed Q2 results.
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