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Hindustan Unilever Ltd (HUL) is exploring the option of turning its ice-cream business into a separate unit in possible preparation for eventual sale, said people with knowledge of the matter.
HUL exploring selling ice-cream business after making it a separate unit. Ice-cream requires unique manufacturing and distribution. Market competition includes Magnum, Amul, and Kwality. Unilever focuses on similar segments, aiming to improve gross margins.
Hindustan Unilever: HUL exploring selling ice-cream business after making it a separate unit. Ice-cream requires unique manufacturing and distribution. Market competition includes Magnum, Amul, and Kwality. Unilever focuses on similar segments, aiming to improve gross margins.
Higher discretionary incomes and the advent of quick commerce platforms have made the business more season-agnostic and improved the variety of products on offer.
Ice cream market size is anticipated to grow from USD 80.36 Billion to USD 133.92 Billion in 10 years. The global market is expanding faster because to the...