Business

Mumbai: Natural Ice Cream Eyes UAE, Southeast Asia Entry


Mumbai: Natural Ice Cream Eyes UAE, Southeast Asia Entry

Mumbai, Dec 5 (PTI): The city-based Kamaths Ourtimes Ice Creams, known for its Natural Ice Cream brand, has drawn up Rs 50-crore capex plan for expansion for the next four years and is planning to enter the UAE and Southeast Asian markets.
"We are looking at investment of Rs 50 crore in retail and logistics by FY15 besides entering the UAE and Southeast Asian markets," Kamaths Ice Creams Director Srinivas R Kamath told PTI here.

The project will be financed through promoters contribution and bank loans, he said. The company had increased manufacturing capacity in Mumbai from 2 tonne a day to 12 tonne a day last year with a capital outlay of Rs 30 crore.

"We are now looking at setting up a new manufacturing facility in the Central region to cater to the Northern markets. We are also looking at expanding our stores from 250 in the next four years from the present 99," he said.

The Rs 3,000-crore ice cream market is growing at 30 per cent per annum, Kamath said, adding this includes Rs 2,000 crore of unbranded and Rs 1,000 crore of branded players. Amul leads the ice cream segment followed by Quality.

The company, which clocked net profit of Rs 6 crore in FY11 on a turnover of Rs 40 crore, hopes to earn 50 per cent more in sales in the current fiscal to Rs 60 crore and net profit of Rs 10 crore. The company has a strong franchise network in Mumbai, Ahmadabad, Pune, Hydrabad, Bangalore, Indore, Jaipur, Nagpur, Aurangabad, Nashik, Mangalore, Udipi, Manipal, Mysore, Belgaum and Goa.


Top Stories

Comment on this article

  • Suma, Mangalore

    Mon, Apr 9 2012

    East or West Thanco Natural Ice Cream is the best ..... I have tried both Thanco as well as Juhu .... I have found Thanco Natural is the Best

    DisAgree [1] Agree [2] Reply Report Abuse

  • zulfi, kerala/dubai

    Thu, Dec 8 2011

    pls let us know u are planing to open own outlet or franchise in uae.

    DisAgree [1] Agree [2] Reply Report Abuse

  • Sheila, Mangalore

    Tue, Dec 6 2011

    So proud to be a Mangalorean! Both Ideal and Naturals offer best taste and quality and both the founders are from Mangalore :) but Naturals definitely offers more unique flavours thats the reason it is a Superbrand! Way go to guys! hope we see more mangaloreans making us proud like they do.

    DisAgree [3] Agree [2] Reply Report Abuse

  • Arvind, Udupi

    Tue, Dec 6 2011

    Hi Veena, are u sure u visited the original Natural ice cream parlour? theres one fake naturals in Manipal, even i thought it must be from Mumbai but later found our that they were some other brand trying to copy Naturals. Anyway the original natural ice cream is now opened in Udupi

    DisAgree Agree [4] Reply Report Abuse

  • veena shetty, udupi

    Mon, Dec 5 2011

    Natural Ice that we get in Mumbai is OOOOSAM ,but the one i ate in manipal(natural Ice cream) was disgusting.I believe they have not kept their standards....the flavours taste so different from the one I ate in mumbai.

    DisAgree [12] Agree [3] Reply Report Abuse

  • Raja, Mangalore

    Mon, Dec 5 2011

    These ice cream companies should expand and also they should support the farmers who produce milk.For sure many families will come up in their own place and need not go begging jobs elsewhere.

    DisAgree [9] Agree [4] Reply Report Abuse

  • Lancelot N Tauro, Manglore - Doha Qatar

    Mon, Dec 5 2011

    Why Ideal Ice Cream spread and open thier outlets in other major Cities.? Still now Ideal is best ice cream parlour in Mangalore.

    DisAgree [6] Agree [2] Reply Report Abuse

  • Clifford, Mangalore

    Mon, Dec 5 2011

    Thank God these countries don't oppose FDI

    DisAgree [5] Agree [3] Reply Report Abuse

  • Aladdin Pais, Mangalore / Mumbai

    Mon, Dec 5 2011

    Hi Albert,

    Guess you are mistaking Ideal Ice Cream and Natural. While Ideal is famous by itself in Mangalore, Natural is a very famous brand and loved by many here in Mumbai.

    Rizwan as mentioned by me above, while Ideal has its own class and quality, Natural is a SUPERB brand by itself. The spread of flavours too is something GREAT.

    Also the editor - the two famous brands are Amul and Kwality and not Quality as mentioned by you in the article.

    Kind Regards

    Aladdin Pais

    DisAgree [6] Agree [8] Reply Report Abuse

  • Albert Gonsalves, Mangalore / U.A.E.

    Mon, Dec 5 2011

    Every visit to Mangalore is not complete without a visit to Ideal Cream Parlour. They are the best without doubt and have maintained their impeccable standards all these years. Wish you the very best Mr. Srinivas Kamath in your future endeavors.

    DisAgree [3] Agree [10] Reply Report Abuse

  • Amin Bhoja, Kkuh /Riyadh

    Mon, Dec 5 2011

    It is nice to hear about some business orginating from south kanara names Udupi hotels or Kamath natural icecreams,spreading thier business all over . Wishing them all the success,what they deserve the most.

    DisAgree [3] Agree [8] Reply Report Abuse

  • SathishMam , Mumbai

    Mon, Dec 5 2011

    Congratulations Munna(Srinivas) .wish you the Best of Success in this Venture .God bless you

    DisAgree [8] Agree [16] Reply Report Abuse

  • Evans Christopher Sumitra, Udupi/New York, USA

    Mon, Dec 5 2011

    I am a ice cream lover and whenever I visit Udupi, Mangalore and other cities I always keep in stock at home for my desert for the night. I have tasted many types of ice cream here but Kamaths Ourtimes Ice creams brand named as NATURAL ICE CREAM. I hope they will soon open their business in UAE and in the Southeast. We do not get it in New York as there are many Indian ice cream companies over here. Good Luck.

    DisAgree [9] Agree [14] Reply Report Abuse

  • rizwan, Dubai/Mangalore

    Mon, Dec 5 2011

    Taste and qualitywise are they close to mangalorean's favourite IDEAL ICECREAM ? I am one of those mangaloreans who eagerly waits for vacation to taste their variety of icecream items.

    DisAgree [22] Agree [19] Reply Report Abuse

Leave a Comment

Title : Mumbai: Natural Ice Cream Eyes UAE, Southeast Asia Entry


 
 
 
 

 
You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image