HUL shares slide 5% after weaker-than-expected Q1; PAT dips 3% to Rs 2,673 crore on one-time credit

Hindustan Unilever (HUL) reported a 3% year-on-year decline in June-quarter net profit, missing analyst estimates, as the absence of a one-off tax credit from the year-ago period weighed on earnings. Despite the profit decline, the FMCG major posted double-digit revenue growth, driven by broad-based volume and pricing gains, and maintained its margin outlook for FY27.

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