Synopsis:
Mr.Himanshu Kanwar has been appointed as the first non-family CEO of Vadilal Industries Limited, beginning a five-year term on September 29, 2025.
The shares of a small-cap firm, which are focused on producing a wide range of items such as ice cream, flavored milk, frozen desserts, and processed foods, jumped 5 percent after the appointment of Mr. Himanshu Kanwar, a past HUL executive.
With the market capitalization of Rs.4,062.20 crore, the shares of Vadilal Industries Limited are trading at Rs.5,651.50, up by 3.60 percent from its previous day’s closing price of Rs.5,455.30 per equity share.
Appointment of First Non-Family CEO
Vadilal Industries Limited has appointed Himanshu Kanwar as its first non-family CEO for a period of five years from 29th September,2025. He brings over 20 years of experience in the FMCG sector.
At Hindustan Unilever Limited, he held senior roles across foods, beverages, personal care, and ice creams. As Business Head for Ice Creams, he drove growth through strategic acquisitions, innovative products, and better margins. Later, as Global Brand Director for South Asia Haircare, he managed brand strategy and innovation for key personal care brands, strengthening HUL’s market position.
Early in his career, he worked on popular household brands in detergents and beverages and gained experience in sales leadership. Since 2022, he has been mentoring fast-growing consumer startups in areas like beauty, food, fintech, and OTT, helping them scale, innovate, and build strong teams.
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New CEO Commentary
Vadilal Industries Limited’s New CEO, Mr.Himanshu Kanwar, commented as follows: “I feel extremely privileged to lead Vadilal through this phase of transition. and I am thankful to the Gandhi family and the Board for their condence in me.
Vadilal brand and the Gandhi family have been the pioneers in building love for ice creams in India and bringing joy to millions through their quality products. I feel extremely excited and honoured to take this legacy forward and build upon it for continued success of the business”
Vadilal Industries Limited manufactures ice cream, flavored milk, frozen desserts, processed foods, and other dairy products. It also exports ice cream, dairy items, processed foods, and ready-to-serve products.
The company has two ice cream plants located in Gujarat and Uttar Pradesh, while its Dharampur factory in Valsad, Gujarat, focuses on processing frozen fruits, vegetables, and other food products.
The company’s revenue climbed from Rs.464.25 crore in Q1FY25 to Rs.505.91 crore in Q1FY26, while net profit fell from Rs.77.42 crore to Rs.66.98 crore.EPS fell from Rs.107.71 in Q1FY25 to Rs.93.19. It records a return on equity of 24 percent and a return on capital of 25 percent. With a P/E ratio of 29.02, slightly above the industry average of 30.63, the stock is priced lower than its peers.
Written by Jhanavi Sivakumar
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