Hindustan Unilever Limited (HUL) has announced its decision to separate its ice cream business, following a comprehensive review by a committee of independent directors. The ice cream business, which currently contributes approximately 3% to HUL’s turnover, has been identified as requiring significant investments to reach its full potential.
The separation is intended to allow the ice cream business to operate with greater flexibility and focus, while also enabling HUL to sharpen its focus on core segments like beauty, foods, and health. The decision aligns with Unilever’s global strategy, as it owns the trademarks and know-how related to the ice cream business.
The board is expected to determine the mode of separation by the end of the year, with an emphasis on maximizing value for shareholders. Further announcements and disclosures will be made once the details are finalized.
