Hindustan Unilever (HUL) has clarified that it is not in discussions regarding any divestment of its foods portfolio, addressing recent market speculation.
The company has issued the clarification under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, following an announcement by its holding company, Unilever PLC.
HUL has stated that the foods segment remains an important and attractive part of its overall business and continues to be a focus area within its portfolio. The clarification has aimed to provide clarity to investors and stakeholders amid circulating reports suggesting a potential exit from the category.
The development has come as part of routine disclosure requirements, with the company reiterating its current strategic stance on the foods business.
