New Delhi, Aug 28: The ice cream division of FMCG major Hindustan Lever (HLL) - Kwality Wall's - today launched a new range of ice creams and said it has turned black this year. The new flavours would be limited editions catering specifically to the forthcoming festival seasons, Hindustan Lever executive director (ice creams) J H Mehta told a news conference here.
Kwality Wall's posted its maiden profits of Rs 9.74 crore during January-June 2003 over a loss of Rs 2.86 crore during the year ago period, he said, adding that the ice cream division of the consumer goods behemoth contributes two per cent to the HLL's topline. In the Rs 1,000 crore domestic ice cream market, Kwality Wall's was the market leader, followed by Amul, he said. Out of Rs 1,000 crore, about 60-65 per cent market is dominated by the organised players.
He said the ice cream business of HLL would keep growing organically rather than through acquisitions. Bureau Report