Archive · 20 Nov 2025
HUL Stock Surges: Nuvama Sees 33% Upside After Ice-Cream Demerger
Hindustan Unilever (HUL) stock went up after the company said it will separate its ice-cream business.
A broker called Nuvama thinks HUL's stock could go up by 33% because of this change.
They think the ice-cream business will do better on its own, and HUL will also benefit.
The ice-cream market in India is also expected to grow.
HUL stock surged over 2% in the last 2 days after announcing ice-cream demerger date
Nuvama brokerage set target price of Rs 3,200, indicating 33% upside from current market price
Demerger expected to create leading listed ice cream firm in India
Ice-cream business demerger may improve HUL's EBITDA margin by 50-60 basis points
Indian ice-cream market expected to grow at nearly 15% CAGR between 2024 and 2031
- Who
- Hindustan Unilever (HUL) and Nuvama brokerage
- What
- HUL's ice-cream demerger and Nuvama's 'Buy' rating on HUL stock
- When
- Last 2 days and December 5, 2025 (demerger record date)
- Where
- India
- Why
- To create a leading listed ice-cream firm and improve HUL's profitability
- Current HUL stock price
- Rs 2,400
- Target price set by Nuvama
- Rs 3,200
- Expected CAGR for Indian ice-cream market
- 15% (2024-2031)
- Expected improvement in HUL's EBITDA margin
- 50-60 basis points
- Demerger record date
- December 5, 2025
