Hindustan Unilever Ltd Share Price – NSE  / BSE

FMCG, Mid Cap

Earlier on 25 November 2024, HUL’s board approved the demerger of its ice-cream business into an independent listed entity and incorporation of a wholly owned subsidiary for the proposal. The firm also proposed that the shareholders of HUL will receive shares in the new entity in proportion to their shareholding in HUL, subject to necessary approvals and procedures.

The diversified FMCG company incorporated WOS, Kwality Wall’s (India) (KWIL) with an initial share capital of Rs 5 crore divided into 5 crore equity shares of face value Re. 1 each.

KWIL has been incorporated with the main object of engaging in manufacture, marketing, distribution and sale of ice creams, frozen desserts (both dairy and non-dairy), frozen snacks, frozen vegetables and frozen processed food of all kinds.

Hindustan Unilever is India's largest fast moving consumer goods company. The company reported 3.86% decline in standalone net profit to Rs 2,612 crore on 1.94% increase in revenue from operations to Rs 15,319 crore in Q2 FY25 over Q2 FY24.

The scrip declined 0.29% to Rs 2,434.75 on the BSE.

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Hindustan Unilever will hold a meeting of the Board of Directors of the Company on 22 January 2025.

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Hindustan Unilever Ltd rose for a third straight session today. The stock is quoting at Rs 2453.7, up 2.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.62% on the day, quoting at 23543.05. The Sensex is at 77705.65, down 0.57%. Hindustan Unilever Ltd has added around 2.35% in last one month.

Meanwhile, Nifty FMCG index of which Hindustan Unilever Ltd is a constituent, has added around 2.27% in last one month and is currently quoting at 56967.6, up 1.48% on the day. The volume in the stock stood at 15.25 lakh shares today, compared to the daily average of 14.18 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 2458, up 2.14% on the day. Hindustan Unilever Ltd is down 4.8% in last one year as compared to a 8.9% spurt in NIFTY and a 2.6% spurt in the Nifty FMCG index.

The PE of the stock is 55.51 based on TTM earnings ending September 24.

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The firm proposed that the shareholders of HUL will receive shares in the new entity in proportion to their shareholding in HUL, subject to necessary approvals and procedures.

In September, the board had constituted a committee of independent directors of the company to evaluate the prospects and way forward for the ice cream business pursuant to Unilever’s decision to separate their ice cream business. Based on the recommendation of this committee, the board had announced the separation of the business in October 2024.

The FMCG major stated, “Ice cream is a high-growth business with iconic brands such as “Kwality Wall’s”, “Cornetto” and “Magnum”, operating in an attractive category, and has mid to high single digit profitability. The demerger of ice cream business will create a leading listed ice cream company in India, which will have a focused management with greater flexibility to deploy strategies suited to its distinctive business model and market dynamics thus realising its full potential.

Further, the business will continue to be equipped with the portfolio, brand and innovation expertise from the largest global Ice Cream business enabling it to keep winning in the marketplace. A separate listed entity will unlock fair value for HUL shareholders and give them the flexibility to stay invested in ice cream’s growth journey. Demerger will also facilitate a smoother transition for business as well as our people.”

Hindustan Unilever is India's largest fast moving consumer goods company. The company reported 3.86% decline in standalone net profit to Rs 2,612 crore on 1.94% increase in revenue from operations to Rs 15,319 crore in Q2 FY25 over Q2 FY24.

The scrip declined 0.26% to Rs 2,476.80 on the BSE.

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