HUL shares demerger: Shares of India's largest FMCG company, Hindustan Unilever (HUL), began to trade adjusted for the demerger of its ice cream business.
Hindustan Unilever demerger: Shares of FMCG major Hindustan Unilever (HUL) are set to demerge ice-cream business, Kwality Walls (India), after a special pre-open session on Friday, December 5.
As a standalone entity, Kwality Walls may offer a focused long-term play on the GST cut for ice cream, from 18 per cent to 5 per cent, which is viewed as a structural tailwind for affordability and formalisation.
The ice-cream business accounts for roughly 3 per cent of HUL's total revenue, with historical EBIT margins in the 5–9 per cent range. According to Nuvama Institutional Equities, margins in recent quarters dropped to mid-single digits due to adverse weather conditions.
This revised target suggests an upside potential of over 11 per cent from the day’s trading price of Rs 2,505.80.
Hindustan Unilever Q2 results & dividend: The multinational FMCG major announced its quarterly earnings for September 2025 quarter and announced an interim dividend of Rs 19 apiece.
HUL shares slipped 2.66% to Rs 2443.50 against the previous close of Rs 2510.85 on BSE. Market cap of the firm stood at Rs 5.85 lakh crore.
Axis Securities said that Nykaa is trending higher, forming a series of higher tops and bottoms on the daily, weekly and monthly time frames, indicating strong bullish sentiments.
HUL: On the earnings front, the FMCG major posted a standalone net profit of Rs 2,732 crore for the first quarter of FY26, marking a 7.6 per cent increase from Rs 2,538 crore in the same period last year.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at Rs 3,718 crore from Rs 3,744 crore in the same period last year.
An analyst from Master Capital said that Max Financial Services displays a strong bullish structure, sustaining above all key short-term and long-term moving averages.





