Ice Cream, starring Navdeep and Tejaswi Madivada, released on July 12 in cinemas. (Also read: Can't escape comparison between Satya 2, Satya: Ram Gopal Varma)
"I'm ready with Ice Cream 2. I will soon start working on it," Mr Varma told IANS.
While the critics have hated Ice Cream, the filmmaker is delighted with the success and to celebrate it, he even held a success meet here recently.
"The film was made on a budget of Rs.1.5 crore and it managed to collect about Rs.80 lakh in its opening weekend in the state. We are expecting to make some money from the satellite rights as well," the film's producer T Rama Satyanarayana told IANS. (Also read: Ram Gopal Varma gets threat, security beefed up)
Ram Gopal Varma is said to have persuaded the team to work without remuneration and promised to share the film's profits with them.