HUL demerges Kwality Wall’s as India’s ice-cream market surges

HUL demerges Kwality Wall’s as India’s ice-cream market surges

India’s ice-cream market hit ₹268 billion in 2024 and is set to reach ₹1,078 billion by 2033 at 16.7% CAGR. With the December 5, 2025 split allocating 1 KWIL share for every 1 HUL share, the move highlights rising demand, premium flavours and fast-growing retail and e-commerce consumption.

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