Varun Beverages to expand capacities of juices, value-added dairy items in 2024
Varun Beverages, leading bottler of beverage major PepsiCo, is expanding its production capacities in the juices and value-added dairy products segments in 2024, according to the latest annual report of the company. Besides, Varun Beverages Ltd (VBL) is strengthening its distribution network and chilling infrastructure, which is essential to enhance presence in the existing and…
Milk major Aavin hikes prices of popular ice creams in T.N.
Four variants of Aavin ice cream that have chocolate as the main component, will cost a few rupees more from Sunday, March 3, 2024, onwards. The Tamil Nadu Co-Operative Milk Producer’s Federation Ltd. (Aavin) has increased the prices of the popular chocobar (65 ml) from ₹20 to ₹25; the vanilla ball (125ml) from ₹28 to…
Israeli foodtech startup secures US regulatory nod for cow-free dairy protein
Imagindairy seeks to partner with US food companies to scale up the production of its animal-free protein used in cow-free dairy products like cheeses, yogurt and ice cream Israeli foodtech startup Imagindairy Ltd. has received US regulatory clearance that its animal-free proteins can be safely used in the production of dairy duplicates, like milk and…
Non-dairy millet ice-cream released
The National Institute of Food Technology, Entrepreneurship and Management, Thanjavur (NIFTEM-T) released a non-dairy millet ice-cream at the Krishi Mela-2023 organised by the University of Agricultural Sciences, Bangalore. Millet is the primary ingredient of non-dairy millet ice-cream, which is suitable for the population with lactose intolerance and people who are vegan. It is farm fresh,…
Amul planning Rs 800-1,000 crore expansion of ice cream biz
Dairy major Amul is planning to invest up to Rs 800-1000 crore in its ice cream business to double its production capacity by the end of 2023, said GCMMF MD Jayen Mehta. Amul is owned by the Gujarat Cooperative Milk Marketing Federation (GCMMF). How many ice cream units does AMul plan to set up? Amul…
Reliance’s FMCG arm to launch ice cream brand “Independence”
Reliance Consumer Products, a fast-moving consumer goods (FMCG) company backed by Reliance Retail Ventures, is reportedly exploring the possibility of entering the burgeoning ice cream market with its brand “Independence,” which was launched in Gujarat last year. According to sources familiar with the matter, Reliance Consumer Products, a FMCG company backed by Reliance Retail Ventures,…
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…