Hindustan Unilever shares fell 3% on Sept. 26, 2025, after it forecast flat to low single-digit growth for the September quarter due to temporary sales disruptions from India’s new 5% GST on essential FMCG goods.

Hindustan Unilever shares dropped 3% on September 26, 2025, after the company forecast near-flat to low single-digit growth for the September quarter, citing temporary sales disruptions from India’s new 5% GST rate on essential FMCG goods. The tax reduction, effective September 22, led distributors and retailers to clear higher-priced inventory, delaying new orders, while consumers postponed pantry stocking. HUL expects the impact to continue into October, with recovery anticipated by November. The stock fell to Rs 2,443 on the NSE, down 16% over the past year.