HUL Faces ₹1600 Cr Tax Notice; Shares Dip 0.4%, Investors Eye Appeal
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News18•08-01-2026, 23:21
HUL Faces ₹1600 Cr Tax Notice; Shares Dip 0.4%, Investors Eye Appeal
- •Hindustan Unilever Limited (HUL) received a ₹1,559.69 crore tax demand notice from the Income Tax Department for FY 2021-22.
- •The notice, issued by Assistant Commissioner of Income Tax Central Circle 5(2), Mumbai, relates to transfer pricing adjustments and corporate tax disallowances.
- •Following the news, HUL shares slipped 0.4% on BSE, closing at ₹2,389.70, though experts suggest limited impact.
- •HUL plans to appeal the order, asserting strong legal grounds and stating it expects no significant impact on its business or financial position.
- •Despite the tax notice, HUL reported a 3.8% YoY increase in Q2 FY25 consolidated net profit to ₹2,694 crore, with revenue up 2.1%.
Why It Matters: HUL faces a large tax demand but plans to appeal, reassuring investors despite a minor share dip.
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