Hindustan Unilever (HUL) is set to officially separate its ice cream business, Kwality Walls, into a standalone company. The demerger will become effective from December 1, 2025, with December 5, 2025, as the record date for eligible shareholders to receive shares in Kwality Wall’s (India) Limited (KWIL). Under the new structure, Magnum Ice Cream Company will own 61.9% of KWIL, while the remaining shares will be held by the public and institutional investors. This move is expected to unlock value for shareholders and allow Kwality Walls to pursue a dedicated growth strategy in the fast-growing Indian ice cream market. Popular brands like Cornetto, Magnum, Feast, and Creamy Delight will now operate under the new entity, with plans to expand further in the coming years.
TCS Faces US Court Ruling in DXC Trade Secrets Case
Tata Consultancy Services (TCS) is grappling with the aftermath of a recent US court decision. The Fifth Circuit Court of Appeals has upheld a damages award of $194.2 million against TCS in the long-running trade secrets case involving DXC Technology Company (formerly Computer Sciences Corporation). While the court has vacated the earlier injunction that barred TCS from using certain DXC materials, the financial penalty remains intact. The lower court in Texas has been asked to reassess the injunction, meaning TCS may face further legal scrutiny. This development is likely to keep TCS in the spotlight for investors and industry watchers in the coming weeks.
Marico’s Digital Brands Cross ₹1,000 Crore ARR Milestone
Marico has announced that its digital-first brands, including Beardo, Pure Sense, True Elements, and Studio X, have crossed the ₹1,000 crore annual recurring revenue (ARR) mark. The company’s digital and food portfolios are now major contributors to its overall growth, with management expecting these brands to account for at least 25% of Marico’s India business in the next three years. CEO Saugata Gupta highlighted that digital brands like Beardo and Plix are already turning profitable, while True Elements and Just Herbs are on track to reach break-even soon. Marico aims to grow from a ₹10,000 crore to a ₹20,000 crore company by 2030, with digital and premium personal care driving much of the expansion.
HG Infra Engineering Secures ₹1,415 Crore Metro Rail JV Project
HG Infra Engineering (HGINFRA) has emerged as a key player in Maharashtra’s infrastructure space after winning a major contract. In a joint venture with Kalpataru Projects International, HG Infra has secured a ₹1,415 crore order from the Maharashtra Metro Rail Corporation for the design and construction of a 20.527 km elevated metro viaduct for the Thane Integral Ring Metro Project. HG Infra holds a 40% stake in the JV, with Kalpataru holding the remaining 60%. The project is expected to be completed within 36 months and will significantly enhance urban mobility in the region. This contract is a major boost for HG Infra, which has seen its shares surge in early trade today following the announcement.
