19 Nov 2025 | 3 Mins Read
HUL to demerge ice cream business on Dec 5
Flipitmoney
Hindustan Unilever Ltd's board fixed December 5 as the record date for spinning off its ice-cream division into a separate company, Kwality Wall's (India) Limited. The demerger will take effect on December 1, with Magnum Ice Cream Company acquiring a 61.9% stake from Unilever Group. HUL's Q2 FY26 net profit rose 3.6% to Rs 2,685 crore.