VADILALIND

By Praveen Paramasivam

Sept 12 (Reuters) - The U.S. subsidiary of India’s Vadilal Industries VDLI.NS 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 JNJ.N and Adidas ADSGn.DE to Sony 6758.T 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)

(Reporting by Praveen Paramasivam in Chennai; Editing by Harikrishnan Nair)

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Sept 9 (Reuters) - Vadilal Industries Ltd VDLI.NS:

• VADILAL INDUSTRIES LTD - APPOINTED HIMANSHU KANWAR AS CHIEF EXECUTIVE OFFICER

Source text: ID:nBSE1TPjGh

Further company coverage: VDLI.NS

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** Shares of India's Vadilal Industries VDLI.NS rise as much as 20% to hit record high at 3,804.15 rupees

** Co logs sharpest intraday pct climb since April 2015; last up 18%

** Stock set for fifth straight weekly gain

** VDLI reports Q3 consol net profit vs loss yr ago; rev rose 21.5%

** Over 245,000 shares changed hands by 1:35 p.m. IST, more than 7x 30-day avg

** Co logs busiest day since July 10, 2023

** Stock has risen 48% so far this year after sliding 4% in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Vadilal Industries VDLI.NS rise as much as 14.4% to 3,080 rupees, highest since July 13

** Co on Wednesday reported a 43.6% jump in consolidated net profit to 710.1 mln rupees ($8.57 million)

** Rev from ops rose more than 5% Y/Y

** More than 44,744 shares change hands by 09:23 a.m. IST vs 1.2x 30-day avg of 37,385 shares

** If trends stand, co on track for second consecutive session of gains

** Stock trading above its 100-day and 200-day simple moving averages, indicating bullish sentiment

** Stock up 2.4% YTD up to last close

($1 = 82.8120 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Aug 9 (Reuters) - Vadilal Industries Ltd VDLI.NS:

• INDIA'S VADILAL INDUSTRIES LTD JUNE-QUARTER CONSOL NET PROFIT 710.1 MILLION RUPEES VERSUS PROFIT494.6 MILLION RUPEES

• VADILAL INDUSTRIES LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.11 BILLION RUPEES VERSUS 3.91 BILLION RUPEES

Source text for Eikon: ID:nNSE6SWQM7

Further company coverage: VDLI.NS

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July 10 (Reuters) -

• BAIN CAPITAL SAID TO BE IN TALKS TO BUY ICE CREAM MAKER VADILAL - CNBC-TV18, CITING SOURCES

• VADILAL’S ICE CREAM BUSINESS VALUED OVER 30 BILLION RUPEES AS PER DEAL TALKS - CNBC-TV18, CITING SOURCES

Further company coverage: VADE.BO VDLI.NS

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