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Issue Date:10 November 2017     Price in Rs. R 6500    Price in USD. $ 100

Mumbai registered Kamaths Ourtimes Icecrems Pvt. Ltd is a leading ice cream brand in Mumbai better known by its brand ‘Naturals’. In recent years, it has built a national presence. It is present in 25 cities across the country and has 125 stores. In Nov’17, it has even opened in Kolkata, eastern India’s largest metro.


The company is known for its high quality ice cream made from pure milk and actual fruit pulp. It started with Sitafal (custard apple) ice cream, which remains its signature flavour. Interestingly, the first milk supplier to Naturals remains its only supplier to date.  


While the business started in 1984, the private limited company was incorporated in 1998. It has 4 directors – Raghunandan Kamath (CMD), Girish  Pai, Srinivas Kamath, and Pushpalata Kamath.


For the year ended Mar’16, the company reported revenue of INR 1.07B (~USD 17m), EBITDA margin of ~20%, and net profit of Rs 120m (USD 1.9m). The company is debt free.

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