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

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

Shares of FMCG major Hindustan Unilever (HUL) declined 5% to Rs 2,064 on the BSE on Tuesday after the company’s first quarter earnings missed analyst estimates. The company reported a 3% year-on-year decline in net profit to Rs 2,673 crore for the first quarter of FY27. The company said the decline in PAT resulted from a one-off tax credit in the previous quarter. Revenue from operations, however, rose 10.2% year-on-year to Rs 17,149 crore in Q1 FY27, compared with Rs 15,552 crore reported in t…