Brands
Aveer Foods cooks up sizzling half-year profits
MUMBAI: Aveer Foods has served up a tasty financial performance for the half year ended 30th September 2025, with profits rising and revenues gaining flavour. The Pune-based food company posted a net profit after tax of Rs 241.60 crore, up from Rs 250.81 crore in the corresponding period last year, reflecting steady operational growth. Revenue from operations spiced up to Rs 720.86 crore, compared with Rs 561.92 crore a year ago. Other income added a modest Rs 6.84 crore, bringing total income to Rs 721.54 crore.
On the cost front, the company’s ingredients bill rose to Rs 505.78 crore, while employee costs and other expenditure held steady. Depreciation and amortisation came in at Rs 141.08 crore, and finance costs amounted to Rs 54.51 crore. Overall, Aveer Foods cooked up a profit before tax of Rs 316.15 crore.
The balance sheet shows robust assets, with property, plant and equipment surging to Rs 2,374 crore, and inventories rising to Rs 401.60 crore. Total equity stands at Rs 3,025.41 crore, reflecting healthy shareholder value.
Cash flow from operations was strong at Rs 601.86 crore, although investment in new plant and equipment consumed Rs 1,832.20 crore, highlighting the company’s expansion appetite. Borrowings contributed Rs 685.50 crore, while lease repayments and finance costs tempered overall cash movement, leaving closing cash and cash equivalents at Rs 45.92 crore.
Aveer Foods continues to blend growth with expansion, keeping its recipe for shareholder returns both consistent and appetising.
Brands
Magnum Ice Cream Netherlands takes control of Kwality Wall’s India from Unilever
61.9 per cent stake transfer reshapes ownership as Unilever exits promoter role
MUMBAI: Kwality Wall’s (India) Limited has entered a new chapter, with The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. acquiring a controlling 61.9 per cent stake from a clutch of Unilever PLC-led entities, marking a significant shift in ownership.
The transaction, completed on March 30, 2026, follows a share purchase agreement signed in June 2025. The incoming promoter picked up over 145 crore equity shares, effectively taking control of the company and being formally classified as its new promoter under regulatory norms.
As part of the deal, the outgoing promoter group, including Unilever Group Limited and its affiliated entities, has fully exited its shareholding in the company. They have now been reclassified from promoter to public shareholders, closing a long-standing association with the ice cream business in India.
The board of Kwality Wall’s (India) Limited took note of the ownership change and approved a series of leadership updates alongside it. Ritesh Tiwari stepped down as director, while Abhijit Bhattacharya was appointed as chairperson and additional non-executive director. Tahir Toloy Tanridagli also joined the board as an additional non-executive director.
The reshuffle signals a broader strategic reset as the Magnum-led entity looks to steer the brand’s next phase of growth in India. The transition has been carried out in line with regulatory requirements, including disclosures tied to the open offer and reclassification norms under market regulations.
With Unilever stepping back and Magnum stepping in, Kwality Wall’s India is effectively getting a fresh scoop of leadership and direction. The coming months will reveal how the new promoter plans to scale the brand in one of the world’s most competitive ice cream markets.
