Hindustan Unilever (HUL) has planned to separate the Ice Cream business. The Board of Directors of the company at the meeting held on October 23, 2024, announced its decision to separate the Ice Cream business.

The Board had constituted a committee of Independent Directors of the Company (Independent Committee) to evaluate the way forward for the Business. The Board’s decision to separate is in line with the recommendation made by the Independent Committee following a comprehensive review of the Business.

This portfolio restructuring will enable HUL to sharpen focus on the core business and further strengthen its play in trending demand spaces such as Beauty, Foods, Health and Wellbeing. It will also enable the Ice Cream business to operate with greater flexibility and focus. With the aim of maximising value for all shareholders, the Board, based on the recommendations of the Independent Committee, will determine the mode of separation by the end of this year.

Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments.