Hatsun earns more in 25 minutes now than its first 10 years total revenue
RG Chandramogan’s Hatsun Agro Product’s rise to be the country’s largest private dairy company is a story of grit and gumption I last met RG Chandramogan, Chairman of Hatsun Agro Product Ltd, in March 2020, just before the pandemic hit and the lockdown happened. I had travelled to Thiruthangal, his home town, in water-starved Virudhunagar…
HAtsun reported a 25% increase in Net profit at Rs 82 Crores
Hatsun Agro Product Ltd (HAP), a leading dairy company, reported a 25 per cent increase in net profit at ₹82 crore for the second quarter ended September 30, against ₹66 crore in the same period last year. Revenue increased 23 per cent to ₹1,635 crore (₹1,327 crore), said a company press release. RG Chandramogan, Chairman,…
Aavin plans to sell 25 tonnes of sweets at the profit of Rs 2.2 crore
State Minister for Dairy Development SM Nasar on Monday launched five new sweet varieties developed by Aavin for Deepavali and commenced the sales. Kaju Katli (250 gms- Rs 225), Natti Milk Cake (250 gms- Rs 210), Moti Pak (250 gms- Rs 170), Kaju Pista Roll (250 gms- Rs 270) and Coffee Milk Burfi (250 gms-…
Mother Dairy to set up 700 exclusive consumer stores in NCR by FY23
Mother Dairy on Thursday opened 15 kiosks in the NCT of Delhi in a single day. Of the 15 kiosks, nine have been established in 9 campuses of Delhi Skill and Entrepreneurship University (DSEU) and six in Delhi Cantonment area. Mother Dairy will establish over 700 exclusive consumer touchpoints in the national capital by 2022-23…
Hershey expands its plant based drinks brand Sofit to Almond milk
Plant-based foods and beverages are drawing consumer interest in various parts of the world as consumers switch to plant-based alternatives within meat and dairy products Local arm of American chocolate and confectionery manufacturer Hershey on Tuesday said it has expanded its portfolio of plant-based drink brand Sofit in India with the launch of Sofit…
Samuhik Pashudhan Bima Yojana discontinued, rearers anxious
Livestock rearers across the state are at the receiving end following the discontinuation of Samuhik Pashudhan Bima Yojana, which ensures compensation in the event of accidental death of cattle due to disease and other reasons. The scheme has been discontinued since April 1 and livestock rearers have been making rounds of the local office of…
India’s dairy farmers should shift to ethno-veterinary medicines
Some lifesaving solutions are so simple and obvious that they remain hidden in plain sight. This is particularly true for livestock disease treatments that have evolved over generations through experiences of communities, withstood the test of time, are embodied in local culture and practices and yet, the knowledge remains untapped in the absence of standardisation and…
Private players collects more milk in 8 of the top 12 States in India
Gujarat, Bihar and Karnataka are among the States where cooperative dairies collect more milk compared to private dairies Private players have a strong foothold in eight of the top 12 milk-producing States in the country that account for 88 per cent of the country’s milk production as of 2019-20, according to a study commissioned by…
Fixed GST at 18% imposed for ice cream in parlours or outside
The government said on Wednesday that ice cream is the same whether it is sold inside an ice-cream parlour or outside, and should attract the same rate of goods and services tax (GST). The government said a GST of 18% should be levied on ice cream even when they are sold inside a parlour. Earlier, ice…
Dairy.com has acquired 100% stake in dairy-tech startup Mr. Milkman
American dairy services provider Dairy.com said it has acquired dairy-tech startup Mr. Milkman, the investment marking the debut of Dairy.com in India. The company has acquired a 100% stake in Mr. Milkman to strengthen its integrated supply chain solution offerings. A source earlier said the deal could be valued at $10-15 million. Dairy.com could be…