“The demerger process of Kwality Wall’s is still under the process and that the demerger will be completed by end of current financial year 2025-26 (FY2026),” the company said.
Announced in January 2025, the ice-cream business will become a separate listed entity on the stock exchange post demerger. It received regulatory approvals from BSE and NSE in May.
As per the company’s demerger scheme, eligible shareholders will receive one equity share of Kwality Wall’s for every one equity share held in HUL as on the record date, which will be announced later.
The company aims to unlock additional value by separating the high-growth segment from its core FMCG operations through this demerger.
Popular ice cream brands like Cornetto, Magnum, Feast and Creamy Delight are owned and operated by Kwality Wall’s.
