Supercritical carbon dioxide extracts of Ocimum sanctum L. obtained at 50°C, 10 MPa and at 70°C, 40 MPa were found to have appreciable nutraceutical properties and were successfully employed as value-added ingredients in ice cream. The extracts differed in content of co-extracted chlorophyll and cuticular waxes, the latter extract having a higher amount than the former. The ice cream samples were evaluated for their physicochemical properties (viscosity, % overrun, pH, specific gravity, melting time, colour and total solids), phytochemical properties (total phenol content, antioxidant, reducing and anti-inflammatory activities) and sensory attributes. These assays established the superiority of the ice cream sample formulated with the extract obtained at 50°C, 10 MPa over the sample formulated with the extract obtained at 70°C, 40 MPa. Tulsi extract formulated ice cream has promising potential as a nutraceutically enriched product for the ice cream industry.