Milk and milk products were the biggest contributors to the company's revenue, with a share of 72.47 per cent
For the purpose of the proposed demerger, the board has also approved the incorporation of a wholly owned subsidiary
A new blend: Portfolio churn will help it strengthen core offerings in demand spaces
Softy ice cream mix in vanilla flavour is not a dairy product and will attract 18 per cent GST, Rajasthan bench of Authority of Advance Ruling has said. VRB Consumer Products Pvt Ltd had approached the AAR on the taxability of vanilla mix in powder form which will have 61.2 per cent sugar, 34 per cent milk solids (skimmed milk powder) and 4.8 per cent of other ingredients, including flavouring substances and salt. The Authority of Advance Ruling (AAR) observed that each ingredient has a specific role to make the soft serve smooth and creamy in texture. Further, it is also conclusive that not only that contents of the product, but also the processing done in the soft serve machine also play a vital role in giving smooth and creamy texture characteristic of soft serves. As per GST law, food preparations subjected to further processing for human consumption attract 18 per cent tax. Also preparations consisting of milk powder, sugar and any other added ingredients, powder for table crea
Dubbed the 'father of Tiramisu', Roberto 'Loli' Linguanotto, took his last breath on Sunday in Italy after battling an unspecified, long-time illness
A woman here has claimed she has found a centipede inside an ice-cream tub she ordered through an instant delivery app, said food safety officials, who have launched a probe into the matter. In a post on X on June 15, the woman, who identified herself as Deepa Devi, shared a picture showing the insect inside the ice-cream tub. "Finding an insect inside my Amul India ice cream was truly alarming. Quality control and food safety should never be compromised. FSSAI Publication have to take some legal action on such kind of incidents that are increasing in numbers day by day (sic)," she posted. The Noida food safety department has collected samples of the brand's ice-cream from the store of instant delivery company Blinkit's for testing, the officials said. "Sample has been taken and sent to the laboratory for testing. We are under process of registering the matter with regard violation of provisions of the Food Safety Act, 2006," Chief Food Safety Officer Akshay Goyal told PTI. He sa
Enjoying a cone of ice cream turned out to be a bitter experience for a Mumbai-based man as he was appalled to find a piece of flesh, apparently a severed human thumb, in the frozen dessert that he ordered online, police said on Thursday. The incident occurred on Wednesday afternoon, following which the man lodged a complaint with the police, they said. The complainant, Brendon Ferrao (26), is a doctor with an MBBS degree and is a resident of Malad area in the metropolis. "In his complaint, he said that he ordered a butterscotch ice-cream cone from Yummo company through an e-Commerce app. While consuming the ice cream after lunch, he found a piece of flesh with a nail in it," a police official said. The man, who is pursuing his post-graduate studies, then took up the matter with the ice cream company by complaining about it on its Instagram page. But since there was no proper response from the firm, the complainant put the piece of flesh in an ice bag and approached went to the ...
The customer sought Rs 10,000 as compensation and an additional Rs 7,500 in litigation expenses from Swiggy for its failure to deliver the ice cream and subsequent refusal of a refund
The stakes are high for Unilever. Once a focal point of growth with labels such as Magnum and Cornetto, the Anglo-Dutch company's ice cream unit has underperformed for the past five quarters
Hindustan Unilever on Tuesday said it is evaluating various options for the future of the ice cream business, following its parent Unilever's announcement of a strategic intent to separate the vertical globally. London-based Unilever announced that it 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. When asked about the possible impact of the move on the Indian business, the Indian subsidiary (HUL) of Unilever said it is evaluating various options. "As far as the Indian ice cream business is concerned, we are evaluating the various options in light of this announcement. We will discuss this with the HUL Board and Unilever management in the coming months. Once the approach is finalised, we will communicate further," said a HUL spokesperson in response to a query over the impact of Unilever's decision on the Indian business. Ice creams contributed 3 per cent
Court held crackle is not intended for direct consumption by users but as an industrial input
Citing the results of two new assessments of the health impact of the popular artificial sweetener, the WHO said that it has "limited evidence" that aspartame can cause cancer in humans
Shares of Vadilal Industries soared to its record high, rising as much as 18.6% after the report
Premium ice-cream brand Baskin Robbins is looking at a 20 per cent growth in India in the 2023-24 financial year, a company official said. Mohit Khattar, the CEO of Graviss Foods, which is the master franchise for Baskin Robbins in South Asia, said the company was not perturbed by Reliance's foray into the segment as competition is good for the industry. Following are the excerpts from an interview he gave to PTI: Q. What is your growth strategy in India? -- The growth strategy for Baskin Robbins in India centres around innovation in every aspect -- the products we have, the way we serve our customers, the way we advertise. So it's all about reaching out to different audiences. Q. How do you plan to expand in Tier 2 and Tier 3 cities? -- We are present across 239 cities in India. So, we are already in Tier 2 cities. It is not that difficult for us. It is about getting our products right, which is what we're more focused on -- whether it's different flavours or beverages. One of t
Baskin Robbins, an ice cream brand operating in the premium space, has plans to add around 100 parlours in the current fiscal expanding its network further, said a top company official. The company is looking for a double-digit growth in sales, helped by multiple growth drivers, including expansion of ice cream parlours and new offerings, said Mohit Khattar, CEO of Graviss Foods -- the Indian franchise partner of Baskin Robbins. "Last year, we have crossed 850 ice cream parlours and this year (FY24) the plan is to add another 100 parlours to our network," said Khattar. Most of the expansion would be through its franchise partner, though the company would also open some of them. "The idea is to keep penetrating, keep going down and extending the brand into new cities," he said When asked about the growth, he said: "We expect the market to grow about 15 to 16 per cent and we are expecting a growth higher than that." Khattar declined to share the financial details, however, he said:
If ordered with food, tax would be the lower rate; over the counter, it would attract a higher GST
There is fear that entities may be asked to reverse ITC or pay back refunds, experts say
Quick service restaurant Pizza Hut on Wednesday said it has partnered with Hindustan Unilever to add the FMCG firm's Kwality Wall's ice cream and desserts to its dine-in as well as the delivery menu
The announcement was one of the highest-profile company rebukes of Israeli settlements in the West Bank and east Jerusalem
The firm expects its 'Covid impacted' product categories, such as ice-cream and vending solutions, to rebound