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Kwality Wall's India Gears Up for Independent Future
24 Nov
Summary
- New board formed with experienced leaders for independent growth.
- Company aims for expansion with global brands and innovation.
- India's ice cream market projected to reach $4.4 billion by 2030.
Kwality Wall's (India) Ltd has officially constituted its board of directors, signaling a significant step towards its demerger from Hindustan Unilever, scheduled for December 1. The newly formed board features a blend of expertise, including four independent directors and Ritesh Tiwari from Unilever as a non-executive director, poised to steer the company independently.
The company has outlined ambitious strategic growth pillars, focusing on expanding its snacking portfolio across various price points and leveraging its access to global brands such as Cornetto, KwalityWall's, Magnum, Ben & Jerry's, and Viennetta. This strategic positioning aims to capitalize on India's booming ice cream market, which is projected to grow to $4.4 billion by 2030.
With a dedicated leadership team and a robust margin improvement roadmap, Kwality Wall's is set to accelerate its growth trajectory as a standalone entity. The company, recognized as one of India's most cherished ice cream brands, benefits from a strong heritage and an extensive distribution network, preparing for independent operations and further market penetration.
