It has access to introduce Ben & Jerry's, Viennetta and Yasso brands in India
Nuvama Institutional Equities believes HUL's ice cream business, given its lower margins and smaller scale, will likely be valued at a lower multiple than the core franchise.
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The company, home to brands such as Dove soap and Surf Excel detergent, said the order will have no material impact on its financials or operations and will appeal against the tax demand