New Delhi, July 28 -- Hindustan Unilever (HUL) on Tuesday reported a 2% year-on-year decline in consolidated net profit to Rs.2,680 crore for the April-June quarter (Q1FY27), impacted by a one-off tax credit in the year-ago period. Revenue from produce sales was Rs.17,341 crore, up 10% from Rs.15,757 crore in the same quarter last year.

Excluding exceptional items, profit after tax rose 9% year-on-year to Rs.2,731 crore. Tax expenses for the quarter nearly doubled to Rs.939 crore from Rs.485 crore a year earlier. Exceptional items for Q1FY27 stood at Rs.115 crore on account of restructuring costs, compared to Rs.90 crore in Q1FY26.

In the April quarter (Q4FY26), India's biggest fast-moving consumer goods company had reported a 21.3% ris...