The decision follows Unilever’s global strategy to separate its ice cream business and subsequent evaluation by an independent committee of HUL director
This divestment finalizes the agreement signed on July 15 between HUL and A.O. Smith, aimed at boosting A.O. Smith’s product portfolio and distribution across India.
The largest consumer products business in India, Unilever, saw quarterly sales increase to ₹15,319 crore from ₹15,027 crore
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Irrespective of the high tax demand, the business said that it does not anticipate any substantial financial ramifications at this time.
Despite the high demand, the business has stated that it does not anticipate any substantial financial ramifications at this time.
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The company reported a 2.7% rise in standalone net profit, reaching ₹2,538 Crore, compared to ₹2,472 Crore in the corresponding period last year.
The water purification business is part of HUL's Home Care segment and generated a turnover of ₹293 Crore in the financial year 2023-24, representing less than 1% of HUL's total turnover.
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