26 Oct 2024

HUL Shares Rise Despite Market Dip; Plans Ice Cream Business Split to Boost Core Focus

Hindustan Unilever Limited (HUL) shares traded at Rs. 2523.85 on the BSE, marking a 0.84% rise of 20.90 points from the prior close of Rs. 2502.95. Opening at Rs. 2525.00, the stock reached a high of Rs. 2540.00 and a low of Rs. 2500.25, with 89,467 shares traded so far. 

The BSE-listed Group 'A' stock, face value Rs. 1, achieved a 52-week peak of Rs. 3034.50 on September 23, 2024, and a low of Rs. 2170.25 on April 16, 2024. Over the past week, it ranged between Rs. 2735.85 and Rs. 2453.10. HUL’s current market capitalization stands at Rs. 5,93,671.22 crore, with promoter holding at 61.90%, while institutional and non-institutional investors hold 26.33% and 11.77%, respectively.

In a recent board meeting on October 23, 2024, HUL’s Board of Directors decided to separate its Ice Cream segment, following an Independent Committee’s recommendations. This strategic shift allows HUL to focus on its core sectors like Beauty, Foods, Health, and Wellbeing while offering the Ice Cream business more agility to thrive independently. The final separation approach will be decided by year-end to maximize shareholder value.

HUL operates across Home Care, Beauty & Personal Care, and Foods & Refreshment sectors in the FMCG space.