HUL sets December 5 as a record date for the demerger of ice cream company Kwality Wall’s. Regulations in effect as of December 1

Hindustan Unilever (HUL) has set December 5, 2025 as a record date for demerging its ice cream business into a new entity – Kwality Wall’s (India) Limited (KWIL). On this date, the eligible HUL shareholders entitled to receive shares of KWIL will be determined, and the demerger scheme itself is expected to come into effect on December 1, 2025.

The FMCG major had announced the demerger in January 2025 and received regulatory approval from BSE and NSE in May.

Through the demerger, HUL aims to unlock additional value by separating the fast-growing segment from its core FMCG business.

Post-demerger, The Magnum Ice Cream Company will acquire 61.9% of Kwality Wall’s (India) Limited from the Unilever Group.

Popular ice cream brands such as Cornetto, Magnum, Feast and Creamy Delight are owned and operated by Kwality Wall’s. The FMCG organization reported a consolidated net profit of Rs 2,685 crore for the second quarter of FY26, up 3.6% from Rs 2,591 crore in the year-ago quarter. The PAT figure can be attributed to the owners of the company. The company’s profit after tax (PAT) for the quarter rose mainly due to a one-time exceptional gain of Rs 273 crore, following the resolution of previous year tax cases between the UK and Indian authorities. HUL’s operating revenue showed a 2% increase to Rs 16,241 crore for the quarter ended September 30, compared to Rs 15,926 crore in the same quarter of the previous fiscal. EBITDA for the quarter stood at Rs 3,729 crore, slightly lower than the Rs 3,793 crore reported in Q2FY25. EBITDA margin fell 90 basis points to 23.2%, the company said in an Oct. 23 regulatory filing.