Wide range, discerning consumer, boom time for Rs 30,000-cr ice-cream industry
As 11-year-old Kyra Arora enters the newly opened ‘ice-cream studio’ near her home in Panchkula, her eyes light up. On offer is a mouthwatering range of bars, lollipop sundaes, popsicles, ice-cream sandwiches, gelatos and mini bites. The unending variety is no vanity enterprise. It’s an indication of a booming ice-cream market and the exponential […]
Bain Capital in talks to buy controlling stake in Vadilal: Report
Private equity firm Bain Capital is reportedly in talks to buyout home-grown ice-cream maker Vadilal. Bain Capital is eyeing a controlling stake in the combined entity of Vadilal Industries, Vadilal Enterprises and Vadilal brand. According to a report in Moneycontrol, Arpwood Capital has been in talks to buy a stake in Vadilal and had given […]
Vadilal is targeting Rs 800 Crores Ice cream Sales in FY 22
The company, which suffered a grim summer season owing to lockdown and limited supply, is looking to tap into revival in consumer demand and an extended summer Vadilal Industries Limited, which sells ice-cream and frozen food products under Vadilal brand, on Tuesday said that it is eyeing Rs800 crore in sales revenue during FY22 from […]