Beat the heat. Relish more desi flavours of ice-creams
Witnessing an uptick in demand for beverages, and ice creams, fast-moving consumer goods (FMCG) companies have introduced new products with typically desi flavours geared to appeal to the Indian palate. ITC, for instance, has launched a range of products in its beverages portfolio under Sunfeast, with smoothie flavours such as mango, litchi, strawberry and peach pineapple, fruits […]
Supply of ice cream from the outlets is not restaurant services
The Gujarat Authority for Advance Ruling (AAR) in the case of M/s HRPL Restaurants Pvt. Ltd. Vide Advance Ruling No. GUJ/GAAR/R/2023/08 dated 22.02.2023 Ltd. has ruled that the supply of ice cream from the outlets cannot be classified as the supply of ‘restaurant services’, leviable to GST 18%. In this case, the applicant is engaged in the restaurant business […]
FMCG, Dairy betting on double-digit sales growth this summer
Demand for ice creams and cold beverages like Cola have surged because of the onset of early summer and sales are likely to grow in strong double-digits this season, according to top executives of FMCG and dairy firms. The summer season will also get a tailwind in the form of an abatement of the pandemic […]
LOTTE Confectionary to invest INR 450 crores in Havmor Ice Cream
Havmor Ice Cream, one of India’s the most loved and trusted Ice Cream brand and a subsidiary of the South Korean company LOTTE Confectionary , has committed to invest INR450 crores over 5 years. This investment comes four years after LOTTE Confectionery acquired Havmor Ice Cream for INR1000 crores in December 2017. Havmor Ice Cream […]
Gulab Jamun and Rasmalai tops the orders for desserts on Swiggy
Just like every year, online food delivery firm Swiggy has revealed what Indians ordered the most from the platform in 2022. According to Swiggy, Biryani topped the chart of most ordered dishes this year. This is the seventh time in a row that the dish has topped the chart. The report also revealed that Biryani […]
First Parag ice-cream plant set up at Bareilly
The Uttar Pradesh government announced in a press release that Parag’s first ice cream plant was set up in Bareilly, and it displays Chief Minister Yogi Adityanath’s initiative to promote industries and employment. “Chief Minister Yogi Adityanath’s initiative to promote industries and employment has started showing its effect. As a result, Parag’s first ice cream […]
Sales of HUL Kwality Wall’s ice cream back to pre pandemic levels
Hindustan Unilever Ltd’s (HUL) ice cream business under the umbrella brand Kwality Wall’s is back to pre-pandemic levels, thanks to the prolonged summer this year. In an interview, Srinandan Sundaram, executive director, foods and refreshment, HUL, spoke about the surprise business recovery, increased focus on home delivery channels and an eye on viable acquisitions. Edited […]
How to stay cool as competition heats up in ice cream and yogurt
The average American consumes more than 16 pounds of ice cream each year—but the shopping preferences for American consumers are anything but average. Shoppers are likely to be struggling with new and conflicting priorities every time they walk down the freezer aisle. Consumers may feel that their families deserve a special treat during a stressful time, […]
Unilever ‘warms up’ ice cream freezers to help tackle emissions
Unilever is launching two pilots to trial warmer ice cream freezer cabinets with an aim of reducing energy use and greenhouse gas emissions by approx. 20 – 30% per freezer*, whilst ensuring the same ice cream quality and consumer experience. The two pilots, kicking off this month in Germany with a second pilot to follow […]
Consecutive double-digit revenue growth for dairies this fiscal
Rising procurement prices to curb profitability; credit quality outlook remains ‘Stable’ Revenue of the organised dairy sector in India is set for the second straight fiscal of double-digit growth – at 11-12%, a notch below last fiscal’s 13% growth. This will be driven by healthy demand for value-added products (VAP; 28% of overall sales), even […]
