Expansion30 Apr 2026, 01:38 pm
Hindustan Foods Commences Commercial Operations at Panipat Ice Cream Facility
AI Summary
Hindustan Foods Limited (HFL) has started commercial operations at its new ice cream manufacturing facility in Panipat, Haryana. This is HFL's third ice cream unit in India, expanding its presence in the segment. The plant is currently ramping up, with utilization expected to increase gradually over the next few quarters. The company highlighted the Indian ice cream market's steady growth (12-15% CAGR, ₹35,000 crore market size) and favorable demand outlook due to low penetration, rising incomes, and expanding e-commerce channels. The facility was commissioned in approximately 10 months.
Key Highlights
- HFL commenced operations at its third ice cream manufacturing unit in Panipat, Haryana.
- The new facility expands HFL's presence in the growing Indian ice cream market.
- Utilization is expected to scale up gradually over the coming quarters.
- The Indian ice cream market is projected to grow at a 12-15% CAGR.
- HFL is now well-positioned with three ice cream plants and backward integration.