Ice creams fly off shelves as cruel summer beats down
Ice cream makers are betting big on omni-channel sales with offerings spanning mass, mass premium, and premium categories even as they are hopeful of clocking 15-20% growth in sales this summer. The sweltering heat amid rising mercury levels has led to increased demand in several regions across the country, particularly southern India. With temperatures expected…
Nestle India posts 25% jump in Q1 profit
India was a bright spot for global consumer goods major Nestle in the March quarter, reporting a 24.7% year-on-year growth in consolidated net profit to Rs 737 crore, while consolidated revenue rose 21% for the period versus last year to Rs 4,831 crore. The results beat Street estimates by a wide margin, with a poll of analysts…
Stability In Milk Prices Only By Oct-Nov 23: R S Sodhi
The increase in milk prices over the last few months has been the topic of hot discussion in India. The prices of milk have seen a sharp rise of 14 to 15 per cent, which is more than the inflation. Milk inflation has been the second largest factor (after cereals) in driving up retail inflation…
Dairy Has A Special Role In Making Women Self-Reliant: Murmu
Therefore, there is a need to provide them with more opportunities in education, training and skill development. Women should also be provided easy loans and market access to set up ventures in the dairy sector, Murmu said. President Droupadi Murmu on Monday said the dairy sector has a special role in making women self-reliant and…
Village in Madhya Pradesh gives out dairy products free
Two good quality cows can give up to 40 litres of milk daily. One litre of full cream milk costs around Rs 60 in Bhopal, which translates into a daily maximum income of Rs 2,400/daily. Despite rising inflation, the residents of Chudiya in Betul district of Madhya Pradesh have been letting go of this potential…
Buying Amul not against Karnataka’: FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman spoke out on the recent controversy surrounding the entry of Amul into Karnataka, stating that the accusations of bringing in Amul to kill Nandini were “brazen.” Speaking at the Thinkers Forum in Karnataka, Sitharaman alleged that the issue had been tweaked and twisted for political gain during the upcoming Assembly…
Sudha milk to get dearer by Rs 3 per litre from April 24 in Bihar
Consumers in Bihar will have to pay more for Sudha milk from April 24 as the Bihar State Milk Cooperative Federation Limited (Comfed) has decided to hike milk prices. The new rates, which have already been implemented, will affect all types of milk and will see an increase of Rs 2 to Rs 3 per…
If Amul make Mysore pak then we will make Shrikhand
Bommai said Amul reached its peak in Karnataka when Siddaramaiah was the chief minister but then he could not see the danger. “Nobody speaks on this aspect with confidence like I am saying. The reason is when Siddaramaiah was the chief minister here, the milk production and the production of milk products were 64 lakh…
Dairy stocks sizzle as temperatures soar. Time to milk gains?
Concerns over milk shortages amid soaring temperatures, when peak summer demand has just started to kick in, have given a fillip to dairy stocks over the last one month. Shares of Heritage Foods have rallied 23% while those of Parag Milk are up 10% in anticipation of further price hikes, which could boost the margins…
Government wants you to ditch oil for ghee
The Union Government is looking to promote use of ghee as a cooking medium, to replace the use of palm oil and other edible oils, and the reason is not just health. Government sources have told CNBC TV18 that use of more ghee as a cooking medium will not just save foreign exchange by saving on edible…