Top Searches
Advertisement

Sweet Synergy: Lotte India and Havmor Merge to Target Rs 6,000 Crore Sales in World’s Largest Market

Updated: July 03, 2025 15:24

Image Source : Business Standard
South Korea’s confectionery giant Lotte Wellfood has announced the merger of its Indian subsidiaries—Lotte India and Havmor Ice Cream—into a single integrated entity, marking a bold strategic move to deepen its footprint in the world’s most populous market. The newly unified company, dubbed “One India,” aims to achieve Rs 6,000 crore in annual sales within six years, leveraging synergies across product portfolios, logistics, and regional coverage.
 
Key Highlights of the Merger
  • - The boards of Lotte India and Havmor Ice Cream approved the merger plan on July 29  
  • - The integration is expected to be completed by the second half of this year, with the new entity launching early next year  
  • - Both brands will retain their individual identities to ensure seamless operations and consumer continuity  
  • - The merger is part of Lotte’s “One India” initiative to consolidate operations and accelerate growth  
Strategic Investments and Expansion Plans
  • - Lotte Wellfood will invest Rs 400 crore to set up a new ice cream production facility for Havmor in Pune, Maharashtra  
  • - The new plant will expand regional coverage from western India to south-central regions  
  • - Lotte India had earlier invested Rs 210 crore to establish a production base for Lotte Pepero in Haryana, set to begin operations next year  
  • - Plans include launching localized versions of Pepero tailored to Indian tastes and climate  
Market Position and Growth Vision
  • - Havmor holds a leading market share in western India’s ice cream segment  
  • - Lotte India has recorded double-digit growth and aims to build on its success with Choco Pie and other confectionery products  
  • - The merger will enable cross-leveraging of distribution networks, marketing strategies, and manufacturing capabilities  
  • - Lotte Wellfood views India as a key emerging market with robust economic growth and consumer demand  
Leadership Commentary and Long-Term Goals
  • - CEO Chang-Yeop Lee emphasized the merger’s role in enhancing management efficiency and maximizing synergy  
  • - The company aims to strengthen the local Lotte brand through diversified offerings and integrated supply chains  
  • - The unified entity will focus on building a virtuous financial structure and expanding its product range to meet evolving consumer preferences  
As Lotte India and Havmor unite under the “One India” banner, the merger signals a new chapter in India’s FMCG landscape—where global ambition meets local flavor to serve a billion-plus consumers with sweet precision.
 
Sources: Korea Times, Business Standard, FoodTech News, The Hindu BusinessLine, Medianews4u

Advertisement

STORIES YOU MAY LIKE

Image Source: Reuters
US Economy Shifts into Overdrive: Manufacturing and Factory Orders Surge, Services Sector Steadies the Wheel
Image Source: Fortune India
Swiggy Sees Block Deal Buzz as Citigroup Mauritius Offloads ₹12.2 Cr Stake
Image Source: IPO Watch
Paramatrix Targets ₹6.3 Mn Recovery from Finnovus, Files Mediation Application
Advertisement
Image Source : The Financial Express
Global Upgrade or Cost Cut? Microsoft Faces Scrutiny Over 6,300 H-1B Visa Requests Amid Layoffs
Image Source: Republic World
Arisinfra Lands ₹1 Billion Contract, Signals Post-IPO Momentum in Infra-Tech
Image Source: Realtyn More
Antariksh Industries Gets New Captain: Gitaben Patel to Acquire 51.7% Stake for ₹9.9 Mn
Image Source: Upstox
Bajaj Finance Powers Ahead: AUM Hits ₹5.2 Lakh Cr, Q1 Loans Surge 23%
Advertisement
Live Blogs
SBI Tags RCom Loan as Fraud, Puts Anil Ambani in RBI Crosshairs
Thrill-Seekers Assemble: APTDC Flooded with 130 Adventure Tourism Applications
Level Unlocked: Good Game Becomes World’s First As-Live Global Gaming Reality Show
From Devotion to Dynamite: Ganesh’s Mighty Avatar Steals the Show in Yours Sincerely, Raam
Top Stories
Image Source: Reuters
Force Motors Rides High with 13.16% Sales Surge in June—Commercial Segment Leads the Charge
Image Source : techbooky.com
Nvidia Nears $4 Trillion Milestone—Poised to Become Most Valuable Company in History
Image Source: Business Upturn
Algoquant Fintech Rewards Shareholders with 1:2 Bonus Issue—Equity Base Expands Sharply
Image Source: Business Standard
PC Jeweller Cuts Debt by 7.5%, Delivers YoY Revenue Growth in June Quarter—Turnaround Gathers Momentum
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine