Hindustan Foods Limited has informed the Exchange regarding a press release dated April 30, 2026, titled "Hindustan Foods Commences Commercial Operations at Panipat Ice Cream Facility".
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Hindustan Foods Limited has commenced commercial operations at its new ice cream manufacturing facility in Panipat, Haryana, marking its third ice cream manufacturing unit in India. The plant was commissioned in approximately 10 months with all regulatory approvals in place. The company highlights strong execution capabilities with backward integration for cones and sticks. The Indian ice cream market is estimated at approximately ₹35,000 crore with a 12-15% CAGR, offering a favorable demand outlook. The facility is currently under ramp-up and stabilization, with gradual scaling expected over the next few quarters.
This new greenfield facility commissioned ahead of peak ice cream season provides Hindustan Foods with additional manufacturing capacity to capture growing demand in the ice cream segment. The third plant enhances the company's scale and competitive positioning as a diversified FMCG contract manufacturer.