45% rise in milk production in Tamil Nadu in last 10 years
Milk production rose 45% over the past decade in Tamil Nadu, with the number of milch cows also rising 12%. On the market front, Tamil Nadu’s ecosystem allows private players to thrive unlike some states where the cooperative federations have a monopoly. The Tamil Nadu Co-operative Milk Producers’ Federation Limited, popularly known as ‘Aavin’, and private dairies…
Procurement prices likely to soften in the next 5-6 months: Kesavan
Heritage Foods Ltd has said it is confident of achieving the target of becoming a ₹6,000 crore revenue company in the next three years. “We set out a target to become a ₹6,000 crore revenue company about five years ago. But unfortunately, we were hit by the pandemic. That affected not just our business but…
Hatsun Agro reports a 16% drop in Q4 net profit, revenue up 10%
Hatsun Agro Products Ltd , a leading Chennai-based dairy company, reported a 16 per cent drop in net profit to ₹25 crore for the fourth quarter ended March 31, 2023 as against ₹30 crore for the corresponding quarter previous year. Revenue was up 10 per cent to ₹1,791 crore (₹1,627 crore). Cost of materials consumed…
A1 & A2 Milk: What’s The Difference Between the Two?
There has never been any doubt about the great love we Indians have for all things dairy – from milk to all the products it churn out – yoghurt, buttermilk, butter, cottage cheese… in all its sweet and sour ways. There’s no doubt about the importance of dairy in our diet, and the goodness it bestows to…
Amul Is Eyeing Every Item In Your Kitchen
With consistent growth in its group turnover over the years through its dairy and value-added dairy products, Amul now seeks to go all out in India’s booming FMCG space as it believes it is the right inflexion point to tap into other non-dairy food categories. Above Amul’s big diversification bet is the success of the…
WestBridge closes in on Milky Mist funding at Rs 7000 cr valuation
India-focussed investment fund WestBridge Capital is in the final stage of closing a deal to acquire a minority stake worth Rs 800 crore in Tamil Nadu-based dairy products brand Milky Mist. Deal Details: WestBridge is likely to have valued the company at about Rs 7,000 crore, three people in the know told us. The fund which manages…
Amul, Nandini, Aavin… and politicisation of milk cooperatives
In a country where cows are worshipped, the White Revolution is a forgotten spectacle. When Gujarat-born Amul, perceived to have been mollycoddled by the grand old party aeons ago but now backed by double-engine governments, makes a beeline for Karnataka, political parties are caught in the crossfire of canards. It is a perfect turf for…
Aavin plans schemes to bring down milk production cost
Dairy, which has been a second source of income for thousands of rural farmers in the state, faced an unprecedented situation in 2022-23. A section of dairy farmers associated with Aavin diverted their produce to private milk companies for a higher price. As a result, Aavin’s milk procurement declined by eight to nine lakh litres…
Beyond Nandini-Amul debate, dairying is an uphill task for many
If Nanje Gowda, a farmer at Kirugavulu in Mandya district, has sold off all three cows and stopped dairy farming in the last two years, his friends Nanjunde Gowda and Nage Gowda have reduced the number of cows as the rising cost of feed and fodder, coupled with an unattractive remuneration, has hit the dairy…
Nova Dairy Becomes the Only Carbon-Positive Dairy Company
Sterling Agro Industries Ltd.’s flagship dairy brand, Nova Dairy, is now the only dairy business in India that has a positive carbon footprint. The company’s production of electricity through wind and solar energy, helps combat the carbon dioxide and carbon monoxide released into the environment by cattle, has helped the company reach this milestone. At…