Danone to offer science based nutrition in India
When French multinational, Danone, first entered India in 2011, they launched a lineup of dairy products including plain yoghurt, flavoured yoghurt and smoothies. Though the Indian market is high on dairy consumption, its price-sensitive nature and affinity to local brands proved difficult to break into. Over the years, Danone saw a major learning curve, navigating…
Amul’s Rival Milky Mist Prepares For INR 2,000 Cr IPO
Milky Mist, a household name associated with dairy products, is preparing for a significant IPO of INR 2,000 crore. Heavyweights Axis Capital, IIFL Capital Services, and JM Financial have joined Milky Mist as merchant bankers. In order to list by the end of 2025, the issue filing is anticipated by the middle of the year….
Milk Food to expand into ice cream, cheese
Milk Food Ltd., a renowned for its cutting-edge facilities and high-capacity dairy products. Its core products, Milk Powders and Pure Ghee, have been synonymous with trust and excellence for decades has announced the sale of its 21-acre Moradabad plant land to a reputed developer for an estimated value of INR 140 to 150 crore. The…
Saras Milk Now at Your Doorstep-Nutritious Living
In a transformative move to bring pure, hygienic, and nutritious milk to every household, the Rajasthan government has rolled out an ambitious initiative under the Chief Minister’s Budget Announcement 2024-25. The program aims to appoint 1,000 Saras Mitras across the state, tasked with ensuring the home delivery of Saras milk and a wide range of…
Purabi Dairy sells over 2 lakh litres of dairy during Bihu
The dairy cooperative on Friday said that it achieved 35% higher sales volume as compared to last year’s Magh Bihu. The curd sales grew by a whopping 70% this year. In the same period, cream sales also increased by 40% as compared to last year. “We are happy to note that the people of the…
ED attaches over Rs 440 cr assets of ex-promoters of Kwality
The Enforcement Directorate (ED) Thursday said it has attached assets worth more than Rs 440 crore in Delhi, Haryana and Punjab as part of an alleged bank loan fraud linked money laundering case against former promoters of dairy major Kwality Ltd. An order was issued under the Prevention of Money Laundering Act (PMLA) for the…
AP, Telangana Should Focus On Agri Value Chains
Agricultural development has to ensure that farmers make money. The profitability of many agricultural activities is uncertain due to many reasons beyond the control of the farmer. One of the remedies suggested is to move farmers to value chains which give farmers more profitable opportunities. Currently, India exports about 50B$ worth of agricultural produce but…
Soren govt to promote the state milk brand- Medha
The Jharkhand government has decided to set up booths outside the government offices across the state in a bid to promote its milk brand Medha, an official said on Friday. The State-owned dairy brand Medha is a part of the Jharkhand Milk Federation (JMF). As per website of JMP- jmp.coop, “Medha Dairy Point in Raghunathpur,Ranchi listed…
Hatsun Agro Q3 Results net profit falls 29%
Dairy and dairy products maker Hatsun Agro Products Ltd on Thursday (January 16) reported a 28.6% year-on-year (YoY) decline in net profit at ₹41 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Hatsun Agro Products posted a net profit of ₹57.4 crore. Hatsun’s revenue from…
Dairy Outlook for summer in India is positive : R S Sodhi
RS Sodhi discusses the pressure on milk associations to seek price hikes amid rising costs. The outlook for the summer season suggests potential price adjustments due to increased demand and supply challenges. Watch the video here (Source : Dairynews7x7 Jan 15th 2025 ET Now)