Hindustan Unilever gets ₹1,560-crore income tax order for FY22

FMCG major Hindustan Unilever Ltd (HUL) on Thursday (January 8) said it has received an income tax assessment order of ₹1,559.69 crore for the financial year 2021-22 (assessment year 2022-23).

The notice, received on January 7, 2026, from the Assistant Commissioner of Income Tax, Central Circle 5(2), Mumbai, pertains to transfer pricing adjustments and corporate tax disallowances.

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HUL said the order will have no material impact on its financials, operations, or other business activities. The company

will file the necessary appeal with the appellate authority within the permissible timeline. No penalties, sanctions, or restrictions have been imposed in the order.

Second Quarter Results

Hindustan Unilever's underlying volume growth for the quarter was flat compared to a CNBC-TV18 poll of 0% to 1% growth. The company reported a net profit of ₹2,694 crore, which is higher than the CNBC-TV18 poll of ₹2,480 crore.

The net profit for the quarter was aided by a one-time gain of ₹273 crore. There was no one-time gain in the base quarter. The one-time gain was a result of the resolution of tax matters between the UK and Indian authorities.

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Revenue for the quarter stood at ₹15,585 crore on a standalone basis, while a CNBC-TV18 poll was expecting the growth to be at 2.2% to ₹15,850 crore. On a year-on-year basis, the topline was up 0.5%.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined by 2.3% from last year to ₹3,563 crore, which is exactly in line with expectations of ₹3,560 crore.

Shares of Hindustan Unilever Ltd ended at ₹2,389.70, down by ₹9.70, or 0.40%, on the BSE.