Shares of Hindustan Unilever Limited (HUL) experienced a decline of 2.7% early on Monday following the company’s warning about a temporary sales impact due to recent goods and services tax (GST) reforms. The consumer goods giant indicated that this effect is expected to persist into October.
Currently, HUL’s stock is trading at ₹2,486.70, resulting in a market capitalization of ₹5,90,000 crore, as reported by Refinitiv. On Friday, the Mumbai-based company projected that its consolidated business growth for the quarter ending September 30 would be in the range of flat to low single-digit growth.
The Indian government implemented tax reductions in September across a variety of consumer goods—from soaps to air conditioners—to stimulate domestic demand amid pressures from significant U.S. tariffs. HUL noted that while these measures are beneficial for long-term consumption, they have resulted in a temporary disruption among distributors and retailers, who are working to clear existing inventory at previous price points.
Published on September 29, 2025.
