Hindustan Unilever Ltd (HUL) has received approvals from both BSE and NSE to proceed with the demerger of its ice cream business. This move will result in the creation of a new entity – Kwality Wall’s (India) Limited (KWIL).
The demerged unit will house HUL’s popular ice cream brands including Kwality Wall’s, Cornetto, and Magnum. The company confirmed the development through a regulatory filing on May 14, 2025, referencing earlier board approval given on January 22, 2025.
According to the filing, HUL received a “no adverse observation” letter from BSE and a “no objection” letter from NSE on the same day, clearing the way for the proposed scheme.
This demerger marks a strategic step for HUL, allowing it to unlock greater focus and value creation in its core FMCG operations while giving the new ice cream business the flexibility to chart its independent growth path.
This blog post is for informational purposes only and does not constitute financial or investment advice. Always conduct thorough research and consider consulting with professional advisors before making investment or funding decisions.