Archive · 1 Sep 2025
Walko Foods Projects Offline Ice Cream Sales to Lead
Walko Foods, the company behind NIC ice cream, plans to sell more ice cream in stores than online in the next five years.
They'll focus on their Mimo brand, which is aimed at the mass market.
Currently, a smaller portion of their sales come from offline channels.
The company expects to grow revenue by over 40% this year and become profitable in the next few years.
They are expanding with a new plant in Nashik to increase production and meet the growing demand.
Walko Foods is experiencing high demand from smaller cities compared to urban areas.
Walko Foods expects offline sales to overtake online within five years.
Mimo, the mass-market brand, will primarily drive offline growth.
The company posted ₹288 crore in revenue for FY24.
Walko Foods aims for over 40% revenue growth this year.
A new plant in Nashik boosts production capacity.
- Who
- Walko Foods, ice cream company
- What
- Projects offline sales to exceed online sales
- When
- Within the next five years
- Where
- Indian market, including Tier-2/3 cities
- Why
- To capture mass-market segment
- Company
- Walko Foods
- Brands
- NIC, Mimo, Grameen
- Offline Sales Projection
- 55% of revenue within 5 years
- FY24 Revenue
- ₹288 crore
- Revenue Growth Forecast
- Over 40% this year
- Profitability Goal
- FY26-27
- New Plant Location
- Nashik, Maharashtra
- Plant Capacity
- 200,000+ liters per day