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Food & Beverage

India ice cream market expected to touch Rs 45,000 cr in next 3 years: IICMA

PTI -
Though seasonal in nature, the market has witnessed huge growth helped by rise in disposable incomes, changing consumer preferences, and expanding distribution channels New Delhi: The Indian ice cream market has grown four-fold in the last decade and is expected...
Food & Beverage

Homegrown ice cream chain HOCCO to open 250 stores, eyes Rs 400 crore by FY26

Anagha R Ratna -
Ankit Chona, Founder and Managing Director of HOCCO, delves into the company’s revenue model, growth strategies, and vision for the future… Bengaluru: HOCCO (House of Chonas Collaborative), the Ahmedabad-based ice cream and quick-service restaurant (QSR) chain, boasts a rich legacy...
Food & Beverage

Homegrown ice cream chain HOCCO to open 250 stores, eyes Rs 400 crore by FY26

Anagha R Ratna -
Ankit Chona, Founder and Managing Director of HOCCO, delves into the company’s revenue model, growth strategies, and vision for the future… Bengaluru: HOCCO (House of Chonas Collaborative), the Ahmedabad-based ice cream and quick-service restaurant (QSR) chain, boasts a rich legacy...
FMCG

HUL incorporates new subsidiary Kwality Wall’s for ice cream biz

PTI -
HUL will own 100 per cent of the issued and subscribed share capital of Kwality Wall New Delhi: FMCG major HUL on Friday said it has incorporated a new subsidiary Kwality Wall's for the proposed demerger of the ice cream...
Food & Beverage

Naturals Ice Cream eyes scooping Rs 500 crore revenue by FY27, touch 200 stores by FY25

Anagha R Ratna -
Currently, the over 40-year-old brand, operates more than 170 outlets across 15 states in India Bengaluru: Mumbai-based ice cream brand Naturals Ice Cream, owned by Kamaths Ourtimes Ice Creams, plans to operate more than 200 stores by the end of...
FMCG

HUL Board approves demerger of ice cream business into an independent listed entity

PTI -
The existing shareholders of HUL will receive shares in the new entity in proportion to their shareholding in HUL New Delhi: FMCG major Hindustan Unilever Ltd. (HUL) on Monday said its board has approved the demerger of the ice cream...
FMCG

HUL to separate ice cream business, does independent valuation

PTI -
The ice cream business, which contributes 3 per cent to HUL’s turnover, has a different operating model, including cold chain infrastructure, and a distinct channel landscape, which limits synergies with other businesses of the company New Delhi: Hindustan Unilever Ltd...
Food & Beverage

Softy ice cream mix not dairy produce, attracts 18% GST: AAR

PTI -
AMRG & Associates senior partner Rajat Mohan, said the ruling emphasised that the product's major ingredient is sugar, not milk solids, making it a processed food preparation rather than a dairy-based product. New Delhi: Softy ice cream mix in vanilla...
Latest News

Mother Dairy expects 30% demand surge this summer for milk products: MD Manish Bandlish

PTI -
Currently, the company has nine company-owned dairy processing plants with a total capacity of more than 50 lakh litres per day New Delhi: Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as...
Latest News

Evaluating various future options for ice cream business in India, says HUL

PTI -
The company intends to transform itself into a simpler, more focused and higher-performing company by separating the ice cream business, a move expected to result in a loss of 7,500 jobs. New Delhi: Hindustan Unilever on Tuesday said it is...
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In FocusDisha Shah -

Why consumers continue to adhere to traditional preferences in jewellery buying

While modern styles and sustainable options like lab-grown diamonds are rising, many consumers still prefer traditional jewellery The Indian Jewellery...
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