Brands
Hindustan Unilever demerges Kwality Wall’s, 2.3 Billion shares to list on stock market
The ice cream division starts trading on BSE and NSE after demerger approval
MUMBAI: Hindustan Unilever Limited (Hul) is bringing Kwality Wall’s (India) Limited (Kwil) to the stock market. The ice cream maker will start trading its shares on the BSE and NSE, opening a new investment opportunity.
The scheme of arrangement between Hul and Kwil has received regulatory approvals. On 12 February 2026, Kwil received confirmation from both exchanges that its equity base is ready for public trading.
Kwality Wall’s is listing a total of 2,34,95,91,262 equity shares, each with a face value of Re. 1. The shares will trade under the symbol ‘KWIL’ on the NSE. Each share is individually numbered from 1 to 2,34,95,91,262.
Trading will begin on 16 February 2026. Investors can buy shares in market lots of one, allowing even small investors to participate.
The demerger marks a significant structural shift for the brand. Following the spin-off process from the Unilever Group, The Magnum Ice Cream Company will hold a 61.9 per cent controlling stake in Kwality Wall’s. This entity now serves as the dedicated home for some of India’s most well-known frozen treat brands, including Cornetto, Magnum, Feast, and Creamy Delight. The separation allows the ice cream business to operate with greater independence and a focused capital structure.
The road to this listing began in January 2025 when the proposal was first announced, subsequently receiving initial stock exchange observations in May 2025. As part of the arrangement, investors who held Hul shares as of the record date of 5 December will receive a 1:1 share allotment, meaning one share of Kwality Wall’s for every one share of Hul held. This allotment ensures that Hul’s existing shareholder base retains a direct interest in the newly independent entity.
Trading starts on Monday, marking the official debut of KWIL as a publicly listed company.
Brands
Hyundai India posts record April sales with 17-per cent growth
Domestic sales hit 51,902 units, exports stand at 13,708 units
MUMBAI: Hyundai is clearly shifting gears and April has put the pedal firmly to the metal. Hyundai Motor India Limited (HMIL) has reported its highest-ever domestic sales for the month of April, clocking 51,902 units in April 2026, marking a 17 per cent year-on-year growth. The milestone sets a strong tone for the new financial year, signalling sustained demand momentum across its portfolio. Alongside domestic performance, the company recorded export volumes of 13,708 units for the month, underlining its continued strength in overseas markets.
The growth has been driven by a mix of refreshed models and special editions across segments. Recent launches and updates including the Exter, Verna, Ioniq 5, Creta Summer Edition, Grand i10 NIOS Vibe Edition and Venue Knight Edition have helped keep the line-up competitive in an increasingly crowded market.
A standout performer was the Venue, which recorded its highest-ever monthly domestic sales of 12,420 units. The model’s 5-Star Bharat NCAP safety rating, including for the VENUE N Line, appears to have bolstered consumer confidence, reflecting a broader industry shift where safety credentials are becoming a key purchase driver.
Tarun Garg, Managing Director and CEO, HMIL, said the company has carried forward recent momentum into the new financial year, with product interventions and safety-focused positioning playing a central role in driving growth.
The numbers suggest Hyundai’s strategy is ticking multiple boxes fresh product cycles, safety-led messaging and steady export performance. If April is any indication, the company isn’t just starting the year strong, it’s aiming to keep the engine running at full throttle.
