Hindustan Unilever (HUL) announced its intention to demerge its ice-cream business into a separate, independently listed entity. The move, which aims to unlock value and foster focused growth, has received in-principle approval from the company's board. The proposed demerger is designed to provide the ice-cream business—featuring brands such as Magnum, Cornetto, and Kwality Wall's—a tailored operating model and supply chain suited to its distinct manufacturing and distribution needs. The scheme of arrangement for the demerger will be presented to the board and shareholders early next year for final approval. In a statement, HUL emphasized that the new structure would create a leading listed ice-cream company in India, enabling focused management and greater strategic flexibility. "This step will unlock fair value for shareholders and give them an opportunity to participate in the growth journey of the ice cream category," the company said.