Lotte Wellfood Sees Growth in India... First-Half Sales Up 28%
Ice Cream Division Grows 29%
Four Choco Pie Production Lines Set to Launch
LOTTE India, the Indian subsidiary of LOTTE Wellfood, achieved approximately 28% sales growth in the first half of this year compared to the same period last year. LOTTE India aims to reach annual sales of 1 trillion won by 2032.
LOTTE Wellfood announced on the 13th that the ice cream division of its Indian subsidiary LOTTE India, which marks the first anniversary of the integration of its confectionery and ice cream businesses, recorded 29% growth year-on-year, driving the company's overall performance. The company explained that the stabilization and expanded supply capacity of the new ice cream plant in Pune, Maharashtra, which began full-scale operations in February last year, played a crucial role.
Production volume in the first half of this year increased by about 85% compared to the same period last year, allowing the company to respond proactively to peak ice cream season demand and boost sales. In addition, by introducing more LOTTE brands at the new Pune plant—including ‘Pig Bar’ (locally known as ‘Krunch’), ‘Watermelon Bar’, and ‘Jaws Bar’ (locally known as ‘Shark’)—the competitiveness of K-ice cream in India was further enhanced.
The confectionery division also posted a solid 26% growth rate compared to the same period last year, maintaining strong momentum. A strategy to actively expand coverage in traditional trade (TT) channels led to increased sales. LOTTE Wellfood is preparing to fully operate four LOTTE Choco Pie production lines at its Rotak plant in Haryana to further strengthen its performance.
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LOTTE Wellfood continues to pursue integration of coverage across the southern, northern, and western regions of India to maximize the operating efficiency of its unified Indian corporation. Alongside this, the company plans to further improve profitability by integrating logistics and production bases. From a product perspective, LOTTE Wellfood aims to enhance the market competitiveness of its flagship brands, such as Pepero and Pig Bar, thereby strengthening the dominance of Korean brands in the local market.
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