Who owns Magic?
Magic, a food brand, 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 Magic
Magic is the ice cream brand that grew out of the dairy business Cargills began building in 2002, when it took advice from Verghese Kurien, the architect of India's White Revolution, on how to organise smallholder milk collection. The company pioneered the use of locally grown fresh fruit in ice cream, and says its ice cream products now hold over 40 per cent of the Sri Lankan market. The national market itself grew from 12 million litres in 2002 to nearly 90 million litres a year. Value-added confectionery products were consolidated under the same name in the year to March 2026.
Ownership timeline of Magic
Where Magic 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.
🇱🇰 Magic 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; Magic is not one of them.
Frequently asked questions
Who is the parent company of Magic?
The parent company of Magic is Cargills, a publicly listed company headquartered in Sri Lanka.
Is Magic Sri Lankan?
Yes. Magic originated in Sri Lanka and its owner, Cargills, is also headquartered in Sri Lanka.
Is Magic still owned by Cargills?
Yes. As of 23 September 2026, Magic 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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