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Company Spotlight | Published Date : 31-July-2026

Top 11 Indian Ice Cream Companies 2026 | Biggest Ice Cream Brands and Manufacturers

According to Expert Market Research, the top 11 ice cream companies in India are Gujarat Co-operative Milk Marketing Federation Ltd (Amul), Vadilal Industries Ltd, Mother Dairy Fruit & Vegetable Pvt Ltd, Hindustan Unilever Limited, Devyani Food Industries Ltd, Graviss Foods Pvt Ltd, Dinshaws Dairy Foods Pvt. Ltd, Havmor Ice Cream Pvt Ltd, Ramani Icecream Company Limited, Dairy Classic Ice Creams Pvt. Ltd., and General Mills Inc., among others.
Top 11 Ice Cream Companies

India Ice Cream Market Size, Share and Forecast Trends - Growth Analysis and Outlook Report (2026-2035)

The India ice cream market was valued at approximately USD 3.98 Billion in 2025 and is projected to grow at a CAGR of 15.00% from 2026 to 2035, reaching around USD 16.10 Billion by 2035. As per the analysis by Expert Market Research, the market is expected to be driven by India being the world's largest manufacturer of dairy products.

Ice cream, a beloved frozen dessert cherished by all ages, boasts a creamy texture achieved through a blend of dairy, sweeteners, and flavourings. Stabilisers like gluten ensure its smooth consistency. Rapid chilling prevents large ice crystals from forming, resulting in its signature fluffy texture. Vanilla, chocolate, raspberry, strawberry, and butterscotch are among the favoured flavourings. Enjoyed worldwide, ice cream comes in various forms, from cones to sundaes, offering a refreshing and indulgent treat, especially during warm weather or as a dessert choice, catering to diverse tastes.

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In India, ice cream has emerged as a preferred dessert choice, driven by the nation's warm and humid climate and evolving consumer palates. Consequently, dessert sales are steadily rising across the region, reflecting shifting food preferences and the enduring appeal of this cool treat amidst the heat. The organised segment, which includes major brands such as Amul, Kwality Wall's, Vadilal, Havmor, and Baskin Robbins, accounts for nearly 60 to 65 percent of the total market and is steadily expanding, while the unorganised segment comprising local vendors and traditional kulfi sellers continues to hold a significant share of around 35 to 40 percent.

India, a key player in global dairy production, plays a pivotal role in driving its booming ice cream brands in India. The nation's robust dairy industry, coupled with rapid urbanisation and rising per capita incomes, has spurred demand for premium ice cream offerings. Consumers, keen on exploring novel flavours and styles, have fuelled the India ice cream market expansion, leading to the introduction of diverse products such as sundaes, low-fat variants, plant-based options, and artisanal flavours.

Quick commerce platforms such as Blinkit, Swiggy Instamart, and Zepto are reshaping the distribution landscape for the ice cream industry in India, enabling brands to reach consumers within minutes. This accelerated access is especially critical in the tropical Indian climate, helping preserve product integrity and meet rising on-demand consumption patterns across urban and semi-urban areas.

Latest Updates on Top Ice Cream Companies in India 2026

July 2026: The Magnum Ice Cream Company opened a new Research, Design and Innovation centre in India to develop products suited to local consumer preferences and strengthen innovation across brands such as Magnum, Kwality Wall’s and Cornetto.

May 2026: Kwality Wall’s announced plans to transition its entire Indian portfolio to milk-based ice cream by 2027, moving away from vegetable-fat frozen desserts while investing in cold-chain infrastructure and premium dairy offerings.

May 2026: Naturals Ice Cream partnered with Bombay Sweet Shop to launch limited-edition Tender Coconut Naga Chilli and Coffee Fudge Crunch flavours, combining its fruit-based positioning with contemporary Indian dessert innovation.

May 2026: Vadilal Industries reported double-digit ice cream volume growth during the summer season, with its plants operating at full capacity, although rising ingredient and packaging costs created the possibility of price increases.

April 2026: The Magnum Ice Cream Company completed the majority acquisition of Kwality Wall’s India and reported Q1 organic sales growth of 4.5%, strengthening its direct presence in the Indian ice cream market.

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Top 11 Ice Cream Companies in India | Best Brands & Manufacturers

1. Gujarat Co-operative Milk Marketing Federation Ltd (Amul)

Headquarters: Anand, Gujarat
Establishment: 1973
Website: amul.com
Revenue: INR 80,000 Crore+ (FY 2024-25, group turnover)
Employees: 3.6 Million+ dairy farmer members
Key Brands: Amul, Amul Creme Rich, Amul Lite, Amul Kool, Amul Pro

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) is India's largest dairy cooperative. Based in Anand, Gujarat, GCMMF markets its products under the Amul brand, a name synonymous with quality dairy products in India. The federation has a significant global footprint, exporting products to over 60 countries. GCMMF operates as a federation of over 18,000 dairy cooperatives, ensuring the collection, processing, and distribution of milk and milk-based products to millions of consumers. It is one of the biggest suppliers of milk, ice cream, butter, cheese, and ghee in India. With over 3.6 million dairy farmers as members, GCMMF is a vital player in India's dairy industry, continuously innovating and maintaining a leadership position in the market. The company also runs an integrated supply chain, which includes processing plants, cold storage, and distribution networks, ensuring the availability of fresh products across India. In July 2026, Amul began work on a new integrated dairy complex at Sankrail Food Park in Howrah, planned to house the world’s largest curd and cultured dairy manufacturing unit.

2. Vadilal Industries Ltd

Headquarters: Ahmedabad, India
Establishment: 1907
Website: vadilalgroup.com
Revenue: INR 850 Crore+ (FY 2024, approx. USD 105 Million)
Employees: 2,500+ worldwide
Key Brands: Vadilal, Vadilal Badshah, Happinezz, Flingz, Cassata

Vadilal Industries Ltd, established in 1907, is a leading player in the frozen foods and ice cream industry in India. The company has a rich heritage and is well-known for its wide range of ice creams, frozen desserts, and frozen foods. Vadilal has become one of the largest producers of ice creams and frozen products in the country, offering over 150 varieties in various flavours, formats, and packaging across more than 300 pack sizes. The company has a strong presence in both domestic and international markets, with its products exported to over 30 countries. The company continues to drive innovation in product offerings, ensuring that it meets evolving consumer preferences. Vadilal's leadership in the ice cream industry is underscored by its customer-first approach, maintaining its reputation as a trusted brand across generations. Vadilal's commitment to quality is reflected in its state-of-the-art manufacturing facilities, which adhere to international food safety standards. In June 2026, the Bombay High Court granted interim protection to Vadilal’s Mumbai business in a long-running dispute over its rights to use the brand across western and southern India.

3. Mother Dairy Fruit & Vegetable Pvt Ltd

Headquarters: Noida, India
Establishment: 1974
Website: www.motherdairy.com
Revenue: INR 15,800 Crore+ (FY 2024, approx. USD 1.9 Billion)
Employees: 5,000+ worldwide
Key Brands: Mother Dairy, Safal, Dhara

Mother Dairy Fruit & Vegetable Pvt Ltd, a wholly owned subsidiary of the National Dairy Development Board (NDDB), was founded in 1974 and is headquartered in Noida, Uttar Pradesh. Known for its iconic brand "Mother Dairy," the company is a leading producer and marketer of dairy products, fruit juices, and other food items in India. It is one of the largest dairy companies in the country, offering a wide range of products, including milk, ice cream, butter, ghee, and yogurt. Apart from dairy, Mother Dairy also manufactures fruit-based beverages and processed foods under the "Safal" brand. The company's operations focus on consumer satisfaction and product innovation. Mother Dairy has established itself as a household name by providing fresh and high-quality dairy products sourced from its network of over 1.5 million farmers. Through its widespread distribution network, Mother Dairy has earned a strong presence in urban and rural markets across India. In May 2026, Mother Dairy launched its five-week “Aaya Mausam Ice Cream Ka” campaign, combining nostalgic summer storytelling with promotion of its milk-based ice cream portfolio.

4. Hindustan Unilever Limited

Headquarters: Mumbai, India
Establishment: 1933
Website: www.hul.co.in
Revenue: INR 63,121 Crore (FY 2024-25)
Employees: 21,000+ across India
Key Brands: Kwality Wall's, Cornetto, Magnum, Feast

Hindustan Unilever Limited (HUL), a subsidiary of Unilever Plc, is one of India's largest FMCG companies. HUL is a leader in the Indian market, with an extensive portfolio of products across categories such as home care, personal care, foods, beverages, and health and wellness. Some of its iconic brands in the ice cream segment include Kwality Wall's, Cornetto, Magnum, and Feast. HUL is also known for its strong commitment to sustainability, focusing on water conservation, waste management, and sustainable sourcing. The company's business strategy focuses on delivering long-term growth by providing high-quality products that meet the diverse needs of Indian consumers. HUL operates across the country with a vast distribution network that reaches millions of consumers in urban and rural areas. The company continues to innovate with new products and solutions to meet the changing demands of the market, positioning itself as a trusted name in households across India. In May 2026, the company announced plans to convert its complete Indian portfolio to milk-based ice cream by 2027 while expanding factories and cold-chain infrastructure.

5. Devyani Food Industries Ltd

Headquarters: Gurugram, India
Establishment: 1991
Website: dil-rjcorp.com
Revenue: INR 500 Crore+ (approx.)
Employees: 2,000+ across India
Key Brands: Cream Bell, Infino

Devyani Food Industries Ltd, a subsidiary of RJ Corp, is one of India's prominent food and beverage companies. The company operates in the quick-service restaurant (QSR) sector and is known for its diversified product offerings. Devyani Food is known for its ice cream brands including Cream Bell and the recently launched premium brand Infino, making it a key player in the Indian ice cream industry. With a strong presence across India, Devyani operates hundreds of outlets and is continually expanding its footprint in the country. Apart from restaurants, the company also has interests in the production of dairy products, frozen foods, and packaged beverages. Devyani Food focuses on providing high-quality food with innovative and diverse menu options. The company's commitment to excellence is evident in its customer service and product offerings. In 2026, Cream Bell or Infino was found; the latest widely reported major launch remains the introduction of premium ice cream brand Infino.

6. Graviss Foods Pvt Ltd

Headquarters: Mumbai, India
Establishment: 1939
Website: www.gravissgroup.com
Revenue: INR 800 Crore+ (approx.)
Employees: 3,500+ across India
Key Brands: Baskin Robbins India, La Italia

Graviss Foods Pvt Ltd is a leading manufacturer of ice cream and frozen desserts in India. Headquartered in Mumbai, Maharashtra, the company has built a solid reputation in the Indian food industry with its premium ice cream brands, including the master franchise for Baskin Robbins India and its own La Italia brand. Graviss Foods produces a wide variety of frozen desserts and ice cream products, offering a diverse range of flavours and formats to cater to different consumer preferences. In addition to its flagship ice cream brands, Graviss Foods also serves the institutional and catering industries, supplying products to hotels, restaurants, and retail chains. With a focus on quality, the company uses state-of-the-art production facilities to manufacture its products, adhering to international standards. The company's success is driven by its strong distribution network and its ability to innovate in product offerings, ensuring a broad consumer base. In July 2026, Graviss Group, which operates Baskin-Robbins in India, entered discussions to acquire Dunkin’s Indian franchise rights and leverage shared retail, supply-chain and backend infrastructure.

7. Dinshaws Dairy Foods Pvt. Ltd

Headquarters: Nagpur, India
Establishment: 1932
Website: www.dinshaws.co.in
Revenue: INR 600 Crore+ (approx.)
Employees: 2,500+ across India
Key Brands: Dinshaw's, Creamline Ice Cream

Dinshaws Dairy Foods Pvt. Ltd is a leading manufacturer of dairy products, particularly ice cream, in India. Headquartered in Nagpur, Maharashtra, Dinshaws has established itself as a trusted brand in the Indian ice cream industry. The company offers a wide variety of ice creams in numerous flavours, including traditional and innovative varieties. In addition to its popular ice cream products, Dinshaws also produces frozen desserts and other dairy-based products. Dinshaws uses premium ingredients and state-of-the-art manufacturing processes to produce its products, ensuring quality and freshness. The company is committed to product innovation, continually introducing new flavours and packaging formats to meet the evolving preferences of consumers. Dinshaws Dairy Foods Pvt. Ltd's dedication to quality, customer-centric approach, and focus on innovation has made it a significant player in the competitive dairy and ice cream market in India. As of July 2026, Dinshaw’s continued expanding its novelty ice cream range with products including Turkish Kunafa, Blueberry Cheesecake, Chocolate Brownie and ice cream sandwiches.

8. Havmor Ice Cream Pvt Ltd

Headquarters: Ahmedabad, India
Establishment: 1944
Website: www.havmor.com
Revenue: INR 1,000 Crore+ (approx.)
Employees: 3,000+ across India
Key Brands: Havmor, Tiranga Ice Candy, Kesar Malai, Nutty Belgian Dark Chocolate

Havmor Ice Cream Pvt Ltd is one of India's oldest and most renowned ice cream brands. With a legacy of over eight decades, Havmor has built a strong presence in the Indian ice cream market, offering a wide variety of ice creams and frozen desserts. The company's product range includes cones, cups, family packs, and novelty ice creams, with a focus on innovative flavours and high-quality ingredients including Tiranga Ice Candy, Kesar Malai, and Nutty Belgian Dark Chocolate. Havmor has a dedicated customer base due to its commitment to quality and affordability. The company operates state-of-the-art manufacturing plants and adheres to strict food safety and quality standards. Now part of the Lotte Wellfood group, Havmor's distribution network spans across India, ensuring its products are available in supermarkets, retail stores, and through dedicated outlets. The company also exports its products to international markets and continues to innovate with new premium offerings catering to diverse consumer preferences. In July 2026, parent company LOTTE reported around 28% first-half growth in India, supported by the integration of Havmor’s ice cream operations with its confectionery, production, sales and logistics network.

9. Ramani Icecream Company Limited

Headquarters: Bhopal, India
Establishment: 1988
Website: www.topntown.com
Revenue: INR 250 Crore+ (approx.)
Employees: 1,500+ across India
Key Brands: Top N Town, Ramani Ice Cream

Ramani Icecream Company Limited is a prominent ice cream manufacturer based in India, best known for its flagship Top N Town brand. The company is known for producing a wide range of ice creams and frozen desserts in innovative flavours. Headquartered in Bhopal, Madhya Pradesh, Ramani Icecream is committed to delivering high-quality products using premium ingredients and state-of-the-art technology. The brand offers products in multiple formats, including family packs, single-serve cups, and cones, catering to different customer needs. With regional dominance in Central India, Ramani has expanded its product offerings and developed a strong distribution network, ensuring that its ice cream products reach consumers across India. The company has also established a reputation for product consistency and freshness, making it a trusted name in the Indian ice cream market. As of July 2026, Top ’N Town reported a retail network exceeding 17,000 outlets across four states while continuing to expand its cones, cups, tubs, kulfis and novelty products.

10. Dairy Classic Ice Creams Pvt. Ltd.

Headquarters: Bengaluru, India
Establishment: 2002
Website: www.dairyclassic.in
Revenue: INR 150 Crore+ (approx.)
Employees: 800+ across India
Key Brands: Dairy Classic Ice Cream

Dairy Classic Ice Creams Pvt. Ltd. is a well-established player in India's ice cream industry. Headquartered in Bengaluru, Karnataka, the company specializes in producing high-quality ice creams and frozen desserts. With a strong distribution network, the company has made its products available in both urban and rural areas. Dairy Classic offers a wide variety of ice cream products, including cones, cups, and family packs, with a focus on offering a rich and creamy texture in every serving. Dairy Classic's ice creams come in various flavours, catering to the diverse tastes of Indian consumers. Dairy Classic is known for its ability to innovate and develop new flavours and formats that appeal to a wide demographic. The company uses high-quality ingredients and maintains stringent quality control measures to ensure that its products meet consumer expectations. The company's commitment to maintaining high-quality standards and ensuring product freshness has made it a popular and trusted name in the competitive ice cream market. In 2026, announcement was found in publicly accessible sources; the company continues operating across India’s ice cream and frozen-dessert segment.

11. General Mills Inc.

Headquarters: Minnesota, United States
Establishment: 1866
Website: https://www.generalmills.com/
Revenue: USD 19.9 Billion (FY 2024, global)
Employees: 34,000+ worldwide
Key Brands: Haagen-Dazs, Cheerios, Betty Crocker, Pillsbury, Nature Valley

General Mills Inc. is a global leader in the food industry. The company is known for its diverse portfolio of brands, which includes iconic names such as Cheerios, Haagen-Dazs, Betty Crocker, Pillsbury, and Nature Valley. General Mills has a strong presence in both the retail and foodservice sectors, offering a wide range of packaged foods, cereals, snacks, and frozen products. The company operates in over 100 countries and has a broad customer base, ranging from individuals to large businesses. The company also focuses on sustainability, with initiatives aimed at reducing its environmental impact and promoting responsible sourcing. General Mills has expanded its operations through strategic acquisitions, including the purchase of the Haagen-Dazs brand, which strengthened its position in the premium ice cream market. General Mills places a significant emphasis on innovation, continuously introducing new products that meet evolving consumer preferences. In June 2026, General Mills agreed to sell its Häagen-Dazs shop operations in mainland China while retaining the brand’s retail and foodservice business under a licensing arrangement.

About The Author

Ketan Gandhi

Ketan Gandhi is a market intelligence professional specializing in energy, automotive, FMCG, and construction sectors. His expertise spans market and price trend analysis, import-export dynamics, and supply chain evaluation to support strategic sourcing decisions. Through syndicated and custom research, he delivers competitive benchmarking insights and regional market assessments, employing rigorous data triangulation of primary and secondary sources to ensure reliable, actionable intelligence for businesses navigating complex industry landscapes.

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