financetom
Business
financetom
/
Business
/
India's Vadilal Industries U.S. unit to make ice creams locally to cut imports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India's Vadilal Industries U.S. unit to make ice creams locally to cut imports
Sep 12, 2025 6:15 AM

(Reuters) -The U.S. subsidiary of India's Vadilal Industries will start manufacturing ice cream at its local facility by the year-end to reduce dependence on imports and boost sales, an executive of the unit said on Friday.

Vadilal Industries USA currently imports a majority of its products from India.

U.S. President Donald Trump last month imposed tariffs of up to 50% on Indian goods, sending exporters of everything from apparel to frozen shrimp into a frenzy and forcing them to work out contingency plans.

Corporates globally from Johnson & Johnson and Adidas to Sony have flagged a financial knock worth billions of dollars due in part to the tariffs on countries.

The Bristol, Pennsylvania-based subsidiary, set up in 2009, distributes its products to stores across the country and accounts for roughly a third of Vadilal Industries' turnover.

"(Scaling) our manufacturing in America will give us a significant advantage in terms of saving on the tariff and overall supply chain impacts from India," Vadilal Industries USA CEO Shreshth Jhawar told Reuters in an interview.

Jhawar said the U.S. plant is expected to begin operations by December with full-fledged ice cream manufacturing commencing by April.

The Ahmedabad, Gujarat-based parent company posted revenue from operations of 10.11 billion rupees ($114.55 million) for the year ended March 31.

Jhawar did not disclose the investment size in the facility, which Vadilal Industries USA aims to use for future exports.

The subsidiary, which brought forward its shipments several months ago in anticipation of tariff challenges, is on track to meet revenue growth of 20% in the ongoing financial year, he said.

"We have to do everything to keep protecting (market share)," Jhawar said, adding the U.S. unit will absorb some of the cost impact.

($1 = 88.2590 Indian rupees)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Heidmar Maritime Acquires First Container Vessel for Roughly $25.3 Million
Heidmar Maritime Acquires First Container Vessel for Roughly $25.3 Million
Jul 7, 2025
08:20 AM EDT, 07/07/2025 (MT Newswires) -- Heidmar Maritime ( HMR ) said Monday it has agreed to acquire cellular/gearless feeder container vessel C/V A. Obelix for roughly $25.3 million. Delivery of C/V A. Obelix that marks Heidmar Maritime's ( HMR ) first vessel acquisition will likely take place between August and September, the company said. The vessel will come...
Organon Says Atopic Dermatitis Cream Strongly Recommended by American Academy of Dermatology
Organon Says Atopic Dermatitis Cream Strongly Recommended by American Academy of Dermatology
Jul 7, 2025
08:25 AM EDT, 07/07/2025 (MT Newswires) -- Organon (OGN) said Monday its Vtama cream was granted a strong recommendation by the American Academy of Dermatology in their 2025 updated guideline for the management of adults with atopic dermatitis, a condition that causes dry, itchy and inflamed skin. The 2025 update includes therapies that have been recently approved by the US...
Collegium Pharmaceutical Approves $150 Million Share Buyback
Collegium Pharmaceutical Approves $150 Million Share Buyback
Jul 7, 2025
08:21 AM EDT, 07/07/2025 (MT Newswires) -- Collegium Pharmaceutical ( COLL ) said Monday its board has authorized a program to repurchase up to $150 million in shares through the end of 2026. The new program replaces a previous $150 million buyback authorized in 2024 which expired on June 30 with $65 million remaining, the biopharmaceutical company said. Shares of...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved