Prime Highlights:
- Hindustan Unilever (HUL) has set 5 December 2025 as the record date for the demerger of its ice cream business, Kwality Wall’s, into a separate entity.
- HUL shareholders will receive one Kwality Wall’s share for every HUL share, and HUL will continue to fully own the ice cream business.
Key Facts:
- HUL’s market capitalization stood at over ₹5.64 trillion as of 18 November 2025.
- On the stock market, HUL shares fell 0.93% to ₹2,403.65 from ₹2,426.15 in the previous session.
Background:
Hindustan Unilever Ltd (HUL), one of India’s top FMCG companies, has set the record date for splitting off its ice cream business, Kwality Wall’s, into a new company.
According to a filing with the Bombay Stock Exchange (BSE), HUL’s board has fixed Friday, 5 December 2025, as the record date for the spin-off. This date will determine which shareholders of HUL are eligible to receive shares of the newly formed Kwality Wall’s entity.
The demerger was approved earlier this year, in May 2025. Under the plan, HUL shareholders will get one Kwality Wall’s share for every HUL share they own, a straightforward 1:1 ratio. After the demerger, HUL will continue to fully own Kwality Wall’s.
On 18 November 2025, HUL shares fell 0.93% to ₹2,403.65 from ₹2,426.15 in the previous session. Over the last five years, the stock has delivered more than 13% returns to investors, though it has seen a 0.78% decline in the past year.
Year-to-date, the share price has risen 3.53% in 2025, despite falling 7.34% in the last month. The stock hit a 52-week high of ₹2,779.70 on 4 September 2025 and a low of ₹2,136 on 4 March 2025. HUL’s market value was over ₹5.64 trillion on 18 November 2025.
The Kwality Wall’s split will help HUL shareholders and let the ice cream business grow on its own. Experts say it’s a smart move for the company and investors.
