Magnum to acquire stake in Kwality Wall’s

Hindustan backed Unilever, has announced that Magnum Ice Cream is planning to buy a 61.9% stake in Kwality Wall’s India.

To break it down: Unilever recently split its ice cream business into a separate company.

Within that setup, Magnum HoldCo is the holding company managing this new ice cream division.

This news follows HUL’s earlier decision to separate its ice cream business (Kwality Wall’s India) into its own publicly listed company, a move it announced on January 22, 2025.

Why this matters: the move signals big changes for HUL. By spinning off Kwality Wall’s and having Magnum take a controlling stake, HUL is unlocking value from a small but fast-growing part of its business.

Investors are watching closely, as this strategic shift could boost HUL’s focus, improve margins, and potentially create more value for shareholders.

Zoom out: the Indian ice cream market is growing rapidly & is expected to cross $5 billion this financial year. While HUL’s ice cream business contributes only 3% to the company’s revenue in FY25, it remains part of a high-growth segment with strong future potential.