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HUL planning to retain tea business in India, Indonesia

24 Jul 2020 Evaluate

Hindustan Unilever (HUL) is planning to retain its tea business in India and Indonesia, months after it announced a global review of its portfolio in January this year. The tea business for other markets would be separated into a different unit. In January, the company had announced a strategic review of the global tea business, which includes leading brands such as Lipton, Brooke Bond, and PG Tips. This review has assessed a full range of options.

The balance of company's tea brands and geographies and all tea estates have an exciting future, and this potential can best be achieved as a separate entity. A process will now begin to implement the separation, which is expected to conclude by the end of 2021. The tea business that will be separated generated revenues of 2 billion Euro in 2019.

HUL is India's largest Fast-Moving Consumer Goods company with its products touching the lives of nine out of ten households in the country.

Hindustan Unilever Share Price

2376.45 10.70 (0.45%)
24-Apr-2026 09:19 View Price Chart
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