Heritage foods shows an upward trend in Gross margins and EBIDTA
Heritage Foods (HFL) has doubled from its March low (down 58% from its January-2018-high). FY20 was a challenging year owing to a harsh season, which dragged down core Ebitda by 32% y-o-y. That said, we remain convinced about HFL’s prospects following: (i) Margin revival on the back of benign milk prices and pricing power to…
FSSAI to closely monitor promotional activities of Infant milk substitutes
The Food Safety and Standards Authority of India (FSSAI) has asked all State food safety commissioners to closely monitor the promotional activities of companies that make infant milk substitutes. It has further directed them to take strict legal action if found to be violating any provisions of the IMS Act. Under the Infant Milk Substitutes,…
The man who made the elephant dance : Audiobook of Dr Kurien’s autobiography launched
Dr Verghese Kurien, the father of White Revolution, was remembered by co-operators across the country on his 8th death anniversary with the launching of an audio book titled “The Man Who Made The Elephant Dance” by Kurien’s daughter Nirmala on the occasion. A webinar organized on the occasion was attended by eminent personalities of dairy…
Banas Dairy is setting up a Potato Processing Plant for Rs 100 Crores
Keeping an eye on global demand for potato-based products, Banas Dairy is setting up a Rs 100-crore (USD 13.5 million) potato processing unit in North Gujarat that will take on established brands like McCain Foods India Pvt Ltd and Hyfun Foods in their backyard. The unit that will have an annual capacity to process 50,000…
PM Modi will launch E-Gopala app for dairy breed improvement on Sep 10
Prime Minister Narendra Modi will digitally launch the Pradhan Mantri Matsya Sampada Yojana (PMMSY) on Thursday Sep,10 and also inaugurate the e-Gopala App, a comprehensive breed improvement marketplace and information portal for direct use of farmers. In a statement on Wednesday, the Prime Minister’s Office said that Modi will also launch several other initiatives in…
Packaged dairy products offers healthy cash flows : R S Sodhi Amul
Amid growing consumer preference for branded packaged foods due to trust and safety concerns, dairy major Amul has started witnessing its packed dairy products business matching the revenues generated from the branded liquid milk sales. Of the average 250 lakh litres of milk that Amul processes on a daily basis, nearly 140 lakh litres is branded liquid…
Vice President M Venkaiah Naidu recommend use of Milk in mid day meal
Vice President M Venkaiah Naidu on Monday suggested that milk be included either in breakfast or mid-day meals to improve the nutritional levels of children. Naidu spoke to Union Women and Child Development Minister Smriti Irani in this regard, an official statement said. Irani assured Naidu that the central government would consider recommending to all…
Amul will invest 1000 Crores in dairy and 500 crores in edible oils etc in next two years
GCMMF, which markets dairy products under the Amul brand, will invest around Rs 1,000 crore over the next two years to set up milk processing plants, and another Rs 500 crore on facilities for new products like edible oil, its MD R S Sodhi said In an interview with PTI, Sodhi said the Gujarat Cooperative Milk Marketing…
Tata foraying into dairy commodities segment with Tata NQ SMP
Tata NQ is a new-age venture into science-based ingredients and formulations developed to enhance the Nutritional and Health Quotient of your products. Backed by a dedicated Innovation Centre we leverage our knowledge on Biotechnology, food technology & biogenomics and offer products and solutions in areas Microbiome health. Borrowing on the rich manufacturing heritage of Tata…
DAIRY NEWS Mission Milk has helped India make giant strides in dairying
Published on September 04, 2020 in The Hindu Businessline Next phase of National Dairy Plan aims to build and modernise milk processing infrastructure in organised sector Phase I of the National Dairy Plan (NDP-I), referred to as ‘Mission Milk —The Next Revolution’, implemented by the National Dairy Development Board (NDDB) during 2012-19, helped the country…