Shares of Hindustan Unilever Ltd (HUL) were trading in the red and 1% lower on 9 January after the income tax department imposed an Rs 1,559.69 crore order for the financial year 2021-22 (assessment year 2022-23).

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

In its regulatory filing, the company said that the assessment order will have “no material impact on the financials, operations or other activities of the company.”

The company stated that it will submit the required appeal to the appropriate appellate authority within the stipulated timeframe and clarified that the order does not impose any penalties, sanctions, or restrictions.

Hindustan Unilever Ltd (HUL) posted a 3.8% year-on-year rise in consolidated net profit to Rs 2,694 crore for the quarter ended September 30, 2025, up from Rs 2,595 crore a year earlier.

The FMCG major increased its revenue from operations by 2.1% to Rs 16,034 crore in the July–September quarter, compared with Rs 15,703 crore last year. Total income, including other revenue, grew 1.5% to Rs 16,388 crore.

HUL, which owns brands such as Rin, Surf Excel, Lux, and Horlicks, reported flat underlying volume growth during the quarter, citing the temporary impact of GST changes and prolonged monsoon conditions in parts of the country.

At 3:15 pm, the shares of Hindustan Unilever were trading 0.57% lower at Rs 2,373 on NSE.

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