Hindustan Unilever Limited (HUL), a leading FMCG company in India, has announced its plans to review its second quarter results for the fiscal year 2025-26 on October 23, 2025. This announcement comes as part of the company's regular financial reporting cycle and commitment to transparency with its stakeholders.

Key Details of the Announcement

Additional Information

• HUL will host an earnings conference call for analysts and investors following the board meeting.
• The company will present its financial results for the quarter and half-year ended September 30, 2025.
• Detailed timing and dial-in information for the earnings call are available on HUL's official website.

Investor Access

Interested parties can find more information about the upcoming results and earnings call on HUL's investor relations page:

https://www.hul.co.in/investors/results-and-presentations/quarterly-results-and-webcasts/september-quarter-2025-results/

This announcement underscores HUL's commitment to regular and transparent communication with its investors and the broader market. As one of India's largest FMCG companies, HUL's financial performance is closely watched by market participants as an indicator of consumer demand and overall economic health in the country.

Investors and analysts will be keen to understand HUL's performance in the context of current market conditions, consumer trends, and any strategic initiatives undertaken by the company during the quarter under review.

Hindustan Unilever (HUL), India's leading Fast-Moving Consumer Goods (FMCG) giant, anticipates a period of subdued growth in the wake of recent Goods and Services Tax (GST) rate adjustments. The company projects flat to low single-digit consolidated business growth for the September quarter compared to the previous year, citing disruptions in trade and distribution channels.

GST Impact on FMCG Sector

The GST rate rationalization, which took effect on September 22, has led to reduced prices on essential goods, including FMCG items. This change has triggered a ripple effect across HUL's operations, with the company expecting the impact to persist through October. However, HUL remains optimistic, forecasting a recovery beginning in November.

Market Reactions and Analyst Perspectives

The news of HUL's muted growth expectations has sparked varied responses from market analysts:

• Morgan Stanley maintained an 'equalweight' rating on HUL stock, setting a price target of ₹2,335.00. The firm noted that HUL's commentary fell below market expectations, attributing this to delayed consumer pantry buying.

• Jefferies, on the other hand, retained a 'buy' rating with a more bullish price target of ₹3,000.00. The firm anticipates similar impacts across other FMCG companies in the sector.

Analyst Consensus and Stock Performance

The market sentiment towards HUL remains predominantly positive:

Despite the overall positive outlook, HUL's stock has faced some headwinds in the short term. Shares closed 1% lower at ₹2,512.00, marking a 5.5% decline over the past month.

Industry-Wide Implications

The GST rate changes are expected to have far-reaching effects across the FMCG sector. As HUL navigates these challenges, industry observers will be keenly watching for similar trends in other major FMCG players. The coming months will be crucial in determining how quickly the sector can adapt to the new tax landscape and return to a growth trajectory.

HUL's ability to manage this transitional period and its projected recovery from November onwards will be critical factors for investors to monitor in the near term.