A Billion Scoops Waiting to Happen: India's Ice Cream Inflection Point
𝗠𝗮𝗴𝗻𝘂𝗺 𝗷𝘂𝘀𝘁 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗱 𝟯 𝗻𝗲𝘄 𝗳𝗮𝗰𝘁𝗼𝗿𝗶𝗲𝘀 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮. Their margins right now? The CEO's own words: "Still not very good." And yet they are tripling capacity. That is either recklessness or it is one of the most calculated bets in Indian consumer markets today. I think it is the latter. Here is why. 𝗟𝗲𝘁 𝗺𝗲 𝘀𝘁𝗮𝗿𝘁 𝘄𝗶𝘁𝗵 𝗮 𝘀𝘁𝗼𝗿𝘆 𝗳𝗿𝗼𝗺 𝗖𝗵𝗶𝗻𝗮. In 2005, China's per capita ice cream consumption was barely 1 litre per person per year. Largely a tea-and-savory culture, ice cream was a summer curiosity, not a...