Key Financial Figures

Quarterly Performance (Q2 FY27):

  • Sale of products: ₹4,530 million
  • Organic Sales Growth (OSG): 42.2%
  • Organic Volume Growth (OVG): 31.8%
  • Organic Price Growth (OPG): 7.9%
  • EBITDA: ₹272 million
  • EBITDA margin: 6.0%
  • Gross margin: 46.4% (282 basis point YoY improvement)

Half-Yearly Performance (H1 FY27):

  • Sale of products: ₹13,208 million
  • Organic Sales Growth (OSG): 24.3%
  • Organic Price Growth (OPG): 3.6%
  • Organic Volume Growth (OVG): 19.9%
  • EBITDA: ₹1,321 million
  • EBITDA margin: 10.0%

Business Performance Highlights

  • Delivered highest Organic Sales Growth in last 16 quarters
  • Broad-based volume growth across portfolio and channels
  • Impulse portfolio sustained strong momentum with high double-digit volume growth
  • Relaunched in-home portfolio with dairy-based recipe driving consumer recruitment
  • Growth across General Trade, Quick Commerce (high double-digit growth), and Modern Trade (healthy growth)
  • Gross margin improvement driven by favorable product mix, productivity program, and disciplined pricing
  • Cost productivity program on track, delivering planned benefits

Leadership Commentary

Toloy Tanridagli, Managing Director & CEO, stated: "The strong quarterly OSG of 42.2% marks continued progress in our journey towards establishing a strong, pureplay Ice cream company. Our priority is to build on this momentum by strengthening our organisational capabilities, invest behind our brands, strengthen our supply chain and distribution infrastructure, and continue to build our talent."

Business Outlook

While external environment remains uncertain, company fundamentals remain strong. Focus will be on:

  • Sustaining volume-led growth through brand investment and consumer-led innovation
  • Expanding availability across channels
  • Driving cost discipline and productivity across value chain
  • Investments in frontline capabilities, supply chain and strategic growth priorities

Company Background

  • Company incorporated on January 10, 2025
  • Ice cream business transferred from Hindustan Unilever Limited (HUL) effective December 1, 2025 (demerger)
  • Listed on Indian stock exchanges on February 16, 2026
  • Previously reported under HUL's Foods & Refreshment segment
  • Q2 FY26 financials prepared on pro forma basis for comparability