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ICE CREAM MAKERS
India’s consumer demand remains resilient despite Iran war, inflation pressures; FMCG firms stay cautiously optimisticDespite geopolitical turmoil and inflation, domestic consumption of essentials and personal care products remains resilient. Company execut...- Bars, cafes step up to the crease with offers on IPL final nightDespite rising costs, restaurants and bars saw a surge in business during the IPL final. Bengaluru outlets reported full bookings, with som...
- All Kwality Wall's items to be milk-based next year, says CEO Peter ter KulveMagnum Ice Cream is transforming its Kwality Wall's business in India. The company is moving from vegetable fat frozen desserts to dairy ic...
- Heatwave drives surge in cold drink sales, AC and fridge demand stays weakIndia's scorching heatwave has boosted sales of soft drinks, ice-creams and dairy beverages, while higher prices and weak consumer sentimen...
- Blackstone, CD&R explore bids for Ben & Jerry's owner MagnumPrivate equity firms Blackstone and CD&R are exploring bids for Magnum Ice Cream Company. Magnum was recently spun out of Unilever. The fir...
- On their toes: Brands step up anti-counterfeit drive as fake products flood marketsCompanies are fighting a rising tide of fake goods. Brands from toothpaste to cigarettes are changing packaging and tightening checks. Coun...
- India sees no need to curb sugar exports for now as demand weakens, sources sayIndia will not restrict sugar exports currently. Lower production is expected, but stable prices indicate weaker demand is balancing the sh...
- Magnum plans three more factories to cash in on India's ice cream crazeMagnum Ice Cream is significantly expanding its operations in India. The company plans to increase its factories from one to four to meet s...
- Heatwave spurs surge in AC, beverage, ice cream output in IndiaSoaring temperatures have triggered a sharp demand rebound for ACs, beverages, and ice cream, with companies boosting output after a 50% sa...
- Quick commerce firms face heat as riders stay off peak hoursQuick commerce firms are facing a shortage of delivery partners due to intense heatwaves. Companies are offering extra pay to keep riders w...
- Unilever to freeze hiring as Iran war drives up shipping costsThis move addresses rising costs linked to the Iran war. The company is also cutting jobs and changing bonus structures.
- Butter chicken ice cream video takes social media by storm, netizens share confused reactionsA social media creator has shared a recipe for butter chicken ice cream. The unusual fusion dish involves blending butter chicken with crea...
- Unilever wants India to have an 'ice-cream moment' this DiwaliUnilever aims to disrupt India's Diwali mithai tradition with its ice cream brands like Kwality Wall's and Magnum, drawing inspiration from...
- US ice cream makers to scoop out synthetic dyes under RFK Jr. pushUnder pressure from Health Secretary Robert F. Kennedy Jr., major US ice cream makers, represented by the IDFA, have committed to phasing o...
- Jungle Ventures invests $20 million more in ice cream maker Walko in larger trendJungle Ventures invested $20 million in Walko Food, an ice-cream brand and quick-service restaurant company. Investors are focusing on quic...
- Anand Mahindra is a fan of this woman's unique ice cream machine, posts a 'jugaad' videoThe Mahindra Group Chairman was in awe of the budget-friendly innovation.
- Frozen desserts by Kwality Walls, Vadilal, Lazza, Cream Bell grab 40% share in ice-cream marketOoriginal ice-cream makers such as Amul and Mother Dairy feel companies are misleading consumers by masquerading frozen dessert as ice crea...
- Cheaper Chinese machines help small ice cream makers improve product rangeSmall, medium ice cream makers, for the first time, are able to offer a wide variety of products in attractive shapes, colours and flavours...
- Higher VAT squeezes cola, ice-cream cos marginsHigher value-added tax (VAT) rates and raw material costs have hit the margins even as sales failed to match the rising temperature, partly...
- Ice cream makers expect healthy sales despite high input costDespite the rise in prices of raw materials, ice cream makers are betting big on the sales this summer, thanks to the soaring temperatures....
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