Hindustan Unilever Shares Drop Up to 7% as Kwality Wall’s Ice-Cream Business Demerger Takes Effect

nilever Shares Drop Up to 7% as Kwality Wall’s Ice-Cream Business Demerger Takes Effect Key Details of the Demerger In November 2024, HUL ’s board approved the separation of its ice-cream business into a standalone company. The National Company Law Tribunal (NCLT) gave its final approval to the scheme on October 30, 2024. The ice-cream portfolio currently contributes around 3% of HUL’s annual revenue, generating approximately ₹1,800 crore. Popular brands under the division include Kwality Wall’s, Cornetto, Magnum, Feast, and others.