The country’s largest consumer goods company, Hindustan Unilever (HUL), on Tuesday reported a 3% year-on-year decline in consolidated net profit to Rs 2,673 crore for the June quarter (Q1FY27), impacted by a one-off tax credit in the year-ago period. Revenue for the period stood at Rs 17,341 crore, up 10.1% 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.