Hindustan Unilever plans to separate its 3% turnover ice cream business for growth and core focus.
Hindustan Unilever (HUL) plans to separate its ice cream business after a review by independent directors. The ice cream division, contributing only 3% to HUL's turnover, requires significant investments for growth. This separation will allow HUL to concentrate on its core operations while enabling the ice cream unit to operate more flexibly. The company aims to finalize the separation method by year-end to maximize shareholder value.
October 23, 2024
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