Who owns Heavenly?
Heavenly is owned by Cargills (Sri Lanka, CSE: CARG.N0000).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Cargills (Ceylon) PLC Integrated Annual Report 2025/26. Last checked .
Key facts
- Current owner
- Cargills (Ceylon) PLC reported
- Owner HQ
- 🇱🇰 Sri Lanka, Colombo
- Origin
- 🇱🇰 Sri Lanka
- Category
- Food › Frozen food › Ice cream
- Parent ticker
- CSE: CARG.N0000
- Last verified
- · 1 sources
About Heavenly
Heavenly is the premium ice cream range Cargills introduced in the year to March 2026, extending a dairy business whose mainstream brand is Magic. The company reports that it met strong consumer acceptance and that it was launched alongside investment in distribution, freezer placements and manufacturing capacity aimed at bottlenecks in the categories the group considers strategic. It sits in a market that has grown more than sevenfold in volume since Cargills entered dairy in 2002.
Ownership timeline of Heavenly
Where Heavenly sits in Cargills
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Cargills ownership tree →
See the full Cargills brand portfolio (9) →
Other brands owned by Cargills
Cargills controls 9 brands on Brandtree, 5 of them in food.
Also in food
Other brands in ice cream, and who owns them
The 74 brands in ice cream on Brandtree belong to 34 owners. The largest is The Magnum Ice Cream Company, with 14; Cargills has 2.
| Brand | Owner | Owner based in |
|---|---|---|
| Ben & Jerry's | The Magnum Ice Cream Company | 🇳🇱 Netherlands |
| Bravo Cone | Binggrae | 🇰🇷 South Korea |
| Drumstick | Froneri | 🇬🇧 United Kingdom |
| Dippin' Dots | J&J Snack Foods | 🇺🇸 United States |
| Deluxe | Mengniu | 🇨🇳 China |
| Choco Monaka Jumbo | Morinaga | 🇯🇵 Japan |
| Gala | Paradise Foods | 🇵🇬 Papua New Guinea |
| Ice Vegas | Poulina | 🇹🇳 Tunisia |
About the owner: Cargills
Cargills is a publicly listed company headquartered in Colombo, Sri Lanka, founded in 1844. Brandtree records 9 brands under its control, and it is listed as CSE: CARG.N0000.
Cargills is Sri Lanka's largest food company, which began in 1844 as a general warehouse, import and wholesale business and until 1983 ran only four upmarket department stores. It now spans supermarkets, dairy, beverages, processed meats, confectionery and restaurants, and reported group revenue of Rs. 272.7 billion and profit after tax of Rs. 10.8 billion for the year ended 31 March 2026. Its distinguishing feature is the agricultural supply chain it built after 1999, buying fruit and vegetables directly from smallholders through collection centres rather than through middlemen, which makes it the single largest collector of produce in the country.
🇱🇰 Heavenly and other Sri Lankan brands
Brandtree records a controlling owner for 60 brands that began in Sri Lanka. 1 of them (2%) are now controlled by a company headquartered in another country; Heavenly is not one of them.
Frequently asked questions
Who is the parent company of Heavenly?
The parent company of Heavenly is Cargills, a publicly listed company headquartered in Sri Lanka.
Is Heavenly Sri Lankan?
Yes. Heavenly originated in Sri Lanka and its owner, Cargills, is also headquartered in Sri Lanka.
Is Heavenly still owned by Cargills?
Yes. As of 23 September 2026, Heavenly is still owned by Cargills. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Cargills (Ceylon) PLC Integrated Annual Report 2025/26 — Cargills (Ceylon) PLC, Annual report; retrieved 23 September 2026.
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