Hindustan Unilever Ltd (HUL) has set December 5, 2025, as the record date for the demerger of its ice-cream business into Kwality Wall’s (India) Limited (KWIL). This strategic move aims to unlock value by separating the high-growth ice-cream segment. The demerger is scheduled to be effective December 1, 2025, with KWIL expected to list in February 2026.