Hindustan Unilever Shares Dip Over GST

  Published 6 months ago

Hindustan Unilever shares dip after GST reforms cause sales hit, outlook remains low single-digit growth.

  • Stock fell 2.7%, trading at ₹2,486.70, valuing the company at ₹5.9 trillion amid tax concerns overall.
  • GST cut on soaps, ACs, and others caused distributor disruptions, clearing old, price-inventories through retail.
  • The company expects flat to low single-digit growth for the September quarter, despite a long-term consumption boost overall.

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