Hindustan Foods Limited (HFL), a leading contract manufacturer in India’s FMCG and consumer goods sector, announced that its Board has approved a Rs 30 crore investment for the acquisition of a business engaged in ice cream cone manufacturing and sleeve printing.
The investment will be made through HFL’s wholly owned subsidiary and marks the company’s entry into cone manufacturing, with a daily production capacity of nearly 1 million cones. The business’s existing client base includes India’s largest multinational ice cream company.
According to Manojkumar Patani, President of HFL’s Ice Cream Division, the company aims to leverage the recent GST rate cuts on ice cream, which have created structural growth opportunities for the sector. “This investment complements the Rs 250 crore already planned this year for new greenfield ice cream plants and positions us to meet rising consumer demand ahead of the upcoming season,” he said.
The newly acquired business is strategically located near HFL’s upcoming ice cream plant, enabling strong operational synergies. Combined with the commercialization of the ice cream stick factory in Lucknow, this acquisition will strengthen the company’s supply chain and production capacity.
Founded in 1984 and now part of the Vanity Case Group, HFL has evolved into one of India’s most diversified FMCG contract manufacturers, serving top brands across food & beverages, home care, personal care, and wellness categories.
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