Hindustan Unilever Ltd Evaluates Future of Its Ice Cream Business

FMCG giant Hindustan Unilever Ltd (HUL) announced its decision to form an independent panel to assess the future of its ice cream business. The initiative follows Unilever PLC's decision to separate its global ice cream vertical. HUL's ice cream brands include Magnum, Kwality Walls, and Cornetto.

Hindustan Unilever Ltd (HUL) has announced the formation of an independent director panel to evaluate the prospects of its ice cream business. This decision was made during a recent board meeting.

Unilever PLC, HUL's parent company, earlier announced its intention to separate its global ice cream operations, aiming for a revamped, streamlined corporate structure. Consequently, the newly formed panel will provide in-depth recommendations to HUL's audit committee and board.

HUL's ice cream segment, including famous brands like Magnum, Kwality Walls, and Cornetto, constitutes a significant portion of its Food & Refreshment segment, contributing 25% to its revenue.

(With inputs from agencies.)