Ice cream prices rise up to 10% | India Business News

Ice cream prices rise up to 10% | India Business News


CHENNAI/ NEW DELHI: With ice cream sales in the country soaring 45% due to the intense heat, the jump in demand is expected to help the Rs 9,000crore industry inch closer to the Rs 11,000-crore target, according to the Indian Ice Cream Manufacturers Association, a body representing 80 private ice cream makers.
Pradeep G Pai, MD at Karnataka-headquartered Hangyo Ice Creams, said most companies have increased prices by 5-10% due to rising input costs. The sale from March to June contributes to 45-50% of the annual turnover of ice cream makers with Maharashtra, Uttar Pradesh, DelhiNCR, Gujarat, Andhra Pradesh, Telangana and Tamil Nadu being the top ice cream consuming states.





Source link

Author: Shirley