
Hindustan Unilever’s demerger record date falls today, Friday, December 5, 2025. Beginning today, shares of Hindustan Unilever Ltd (HUL) will trade without the ice-cream business, Kwality Wall’s (India). To ensure smooth price discovery following this separation, both the BSE and NSE will hold a special pre-open session.
This special session will help establish the fair market value of HUL shares after excluding the ice-cream division. Once the session concludes, HUL’s stock price will be adjusted to account for the demerger of Kwality Wall’s (India).
The demerger officially came into effect on December 1, 2025. Under the approved scheme, HUL is carving out its entire ice-cream portfolio, including Kwality Wall’s, Cornetto, Magnum, Feast, and Creamy Delight, into a newly created standalone entity.
The company has set December 5, 2025, as the record date to determine shareholders eligible to receive shares of the new ice-cream entity.
The share entitlement ratio for the demerger is 1:1, meaning that every eligible shareholder of HUL will be allotted one equity share of Kwality Wall’s (India) for each HUL share held as of the record date.
The Ice Cream business is a high-growth segment featuring iconic brands such as Kwality Wall’s, Cornetto, and Magnum, operating within a highly attractive category. It is supported by an expansive distribution network comprising over 2,50,000 in-market cabinets, 19 warehouses, and 5 co-manufacturing sites. The business contributes approximately 3% to HUL’s overall turnover.
The decision to demerge the Ice Cream business is driven primarily by its limited complementarity with HUL’s broader business model. This segment functions through a distinct operating framework, including a separate go-to-market strategy and a dedicated cold-chain infrastructure for both supply chain operations and retail points of sale. In addition, its strong seasonality and capital-intensive nature set it apart from other HUL categories.
Also Read: HUL Demerger Record Tomorrow: Why December 4 Is Important Day for HUL Shareholders?
The demerger will allow the Company to sharpen its strategic focus as it accelerates growth in high-potential demand spaces and strengthens its future-fit portfolio. It will also result in the creation of a leading listed ice cream company in India, equipped with a focused management team and greater flexibility to implement strategies tailored to its unique business model and market dynamics, enabling it to fully realise its potential.
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Published on: Dec 5, 2025, 8:43 AM IST

Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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