HUL's Ice-Cream Business Spin-Off: A New Investment Opportunity

CosmicTaco · 2024-11-27T17:47:13.653521+05:30

- HUL's board approves demerger of its ice-cream business, creating a new listed entity. - The new company will focus on brands like Kwality Walls, Cornetto, and Magnum, contributing 3% to HUL's revenue. - Investors gain a unique opportunity to invest in a pure-play MNC ice-cream company in India. Source: [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/hul-ice-cream-can-be-d-sts-sundae-of-choice-main-street-must-love-it-too/articleshow/115713389.cms), [The Economic Times](http://economictimes.indiatimes.com/industry/cons-products/fmcg/fmcg-companies-quick-to-profit-from-rising-star-of-ecommerce/articleshow/115707994.cms)

HUL's board approves demerger of its ice-cream business, creating a new listed entity.
The new company will focus on brands like Kwality Walls, Cornetto, and Magnum, contributing 3% to HUL's revenue.
Investors gain a unique opportunity to invest in a pure-play MNC ice-cream company in India.

Source: The Economic Times, The Economic Times