About Vadilal Industries Limited

Vadilal Industries Limited was incorporated in 1982 and is headquartered in Ahmedabad, Gujarat. The company is one of India’s most recognised names in the ice cream and frozen foods sector, with a legacy tracing back to the early 20th century when Vadilal started as a small soda fountain outlet. Over the decades, Vadilal has grown into a global food brand, delighting customers with ice creams, frozen desserts, and processed food products.

The company operates through two divisions: Ice Cream and Processed Foods. Its product range includes ice creams, flavoured milk, frozen desserts, frozen fruits, vegetables, pulp, ready-to-eat, and ready-to-serve products. Vadilal is known for its wide portfolio of flavours, impulse packs, family packs, and novelty formats.

As of March 31, 2025, Vadilal operates two state-of-the-art ice cream production facilities in Pundhra, Gujarat, and Bareilly, Uttar Pradesh, along with a processed food unit in Dharampur, Gujarat

The company has over 1,50,000 dealers and trade partners across India and exports its products to several global markets through its subsidiaries—Vadilal Industries (USA) Inc., Vadilal Industries Pty Ltd. (Australia), and Vadilal Delights Ltd. It also has a significant ownership interest in Ambica Ice & Cold Storage.

Vadilal has achieved several recognitions, including being voted India’s “Most Trusted Ice Cream Brand” by the Brand Trust Report, and has won multiple “Best in Class” product awards across categories.

Vadilal Industries Limited’s Business Segments

The company operates under a single segment as per Ind AS 108:

• Food Segment: Comprising Ice Cream and Processed Foods (frozen fruits, vegetables, dairy products, ready-to-eat/serve foods).

Vadilal Industries Limited’s Key Management

The key management team includes:

• Mr. Rajesh R. Gandhi, Executive Director

• Mr. Devanshu L. Gandhi, Executive Director

• Ms. Rashmi Bhatt, Company Secretary

• Mr. Pruthvi Patel, Chief Financial Officer

Latest Updates on Vadilal Industries Limited

• Financial Performance: Consolidated revenue rose to Rs 1,011.33 crore in FY25 from Rs 912.57 crore in FY24, with consolidated profit after tax of Rs 150.33 crore.

• Market Share: Holds a 16% share of the organised Indian ice cream market, supported by 1,50,000+ dealers and robust cold chain infrastructure.

• Brand Campaign: Launched mascot “Vaddy” under the campaign Zara Muskuraiye, Vadilal Khaiye across media platforms to deepen consumer engagement.

• Global Presence: Exports contributed significantly, with Vadilal Industries (USA) Inc. accounting for ~27% of consolidated profit.

• Governance: Strengthened corporate governance with the appointment of new independent directors and a reconstituted board in May–June 2025.

• Certifications: Achieved BRCGS, ISO 22000:2018, and Halal certifications for ice cream and processed food facilities, underlining global quality benchmarks.

• Recognition: Received the ET Edge “Iconic Brands of India 2023” award and “Brand of the Decade 2023” in the FMCG category.

Litigation Update: The long-standing oppression and mismanagement petition against promoters was dismissed, with the appeal withdrawn in May 2025, bringing closure to the case.