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Hindustan Foods invests Rs 30 crore to enter ice cream cone business
MUMBAI: Hindustan Foods Limited (HFL), a leading contract manufacturer in the FMCG and consumer goods sector, has approved a Rs 30 crore investment through its wholly owned subsidiary to acquire a business engaged in the manufacturing of ice cream cones and sleeves. The move marks HFL’s entry into cone manufacturing, with a production capacity of nearly 1 million cones per day. Current clients include India’s largest multinational ice cream company.
HFL’s ice cream division president Manojkumar Patani said, “The recent changes in GST rates on ice creams have created structural tailwinds for this category, and we believe our ice cream division can be a significant growth driver. This acquisition complements nearly Rs 250 crore in planned investments this year to set up greenfield ice cream plants and expand our footprint in the Indian ice cream industry.”
The acquired business is strategically located near HFL’s new ice cream plant, enabling potential operational synergies. Along with the commercialisation of the ice cream stick factory in Lucknow, this investment positions HFL to meet growing customer demand for the upcoming season.
Patani added, “We look forward to leveraging the expertise of the acquired businesses to grow our cone manufacturing alongside our ice cream operations, ensuring we continue to deliver value to our customers and strengthen our market presence.”
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Hyundai India posts record April sales with 17-per cent growth
Domestic sales hit 51,902 units, exports stand at 13,708 units
MUMBAI: Hyundai is clearly shifting gears and April has put the pedal firmly to the metal. Hyundai Motor India Limited (HMIL) has reported its highest-ever domestic sales for the month of April, clocking 51,902 units in April 2026, marking a 17 per cent year-on-year growth. The milestone sets a strong tone for the new financial year, signalling sustained demand momentum across its portfolio. Alongside domestic performance, the company recorded export volumes of 13,708 units for the month, underlining its continued strength in overseas markets.
The growth has been driven by a mix of refreshed models and special editions across segments. Recent launches and updates including the Exter, Verna, Ioniq 5, Creta Summer Edition, Grand i10 NIOS Vibe Edition and Venue Knight Edition have helped keep the line-up competitive in an increasingly crowded market.
A standout performer was the Venue, which recorded its highest-ever monthly domestic sales of 12,420 units. The model’s 5-Star Bharat NCAP safety rating, including for the VENUE N Line, appears to have bolstered consumer confidence, reflecting a broader industry shift where safety credentials are becoming a key purchase driver.
Tarun Garg, Managing Director and CEO, HMIL, said the company has carried forward recent momentum into the new financial year, with product interventions and safety-focused positioning playing a central role in driving growth.
The numbers suggest Hyundai’s strategy is ticking multiple boxes fresh product cycles, safety-led messaging and steady export performance. If April is any indication, the company isn’t just starting the year strong, it’s aiming to keep the engine running at full throttle.
