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HUL Demerger Adjustments: Share Price Recovers After Initial Drop, Kwality Wall’s Transfers Begin
HUL shares adjust for the demerger of Kwality Wall’s ice cream business, dropping 7% before recovering.
Hindustan Unilever's stock faced significant volatility on December 5, 2025, as it began trading ex its ice cream business, Kwality Wall’s (India). The stock initially dropped by as much as 7%, reaching a low of ₹2,289, before recovering and trading 3.2% lower at ₹2,345. This drop reflects the demerger adjustment, as HUL’s ice cream brands, including Kwality Wall’s, Cornetto, and Magnum, were transferred to the newly formed entity.