Demand for butter, cheese, ice-cream down 30-40%: Amul’s Sodhi
As India reels under a fierce second wave of COVID and lockdown fears loom, RS Sodhi, GM of Gujarat Co-operative Milk Marketing Federation (Amul) said that companies as well consumers are better prepared now and there is no panic buying. “This time for the second wave, which is more impactful and worsening day by day,…
Nestle India’s Net profit jumps by 14.6% in last quarter of FY 20-21
Revenue from operations for the quarter ended 31 March was up 8.5% at ₹3,610.82 crore from the ₹3,325.27 crore it reported in the year-ago period Packaged foods company Nestlé India on Tuesday reported a 14.65% jump in March quarter net profit at ₹602 crore, slightly ahead of Street estimates, as the company reported double-digit growth in domestic sales…
Chhattisgarh’s Godhan Nyay Yojana gets lukewarm response on ground
A recent parliament committee report praised Chhattisgarh’s Godhan Nyay Yojna under which the state government purchases cattle-dung from farmers, converts it into vermicompost and sells it to farmers with the aim of promoting organic farming in the state. Despite the state government’s claims and appreciation from the centre’s standing committee, the on ground data shows…
At Amul, we don’t check if our advertising is working or not: RS Sodhi
Speaking at AFAA’s ‘Inspiration’ series, (Asian Federation of Advertising Association), RS Sodhi, managing director, Gujarat Cooperative Milk Marketing Federation (GCMMF), stated how Amul doubled its faith in advertising during the first lockdown in India. Sodhi began his talk with what he called ‘the conclusion’, elaborating on why the company did so. “We did this simply because…
Dairy Farmers begun throwing away their milk in Chattisgarh
A joint decision taken by the dairy farmers in Chhattisgarh’s Balod district to throw away 1,500 litres of milk down the drain daily has invited wrath and criticism by the people even as the district administration stated that during the lockdown they are allowed to sell the milk at fixed hours. Farmers of a local…
Flavored milk has differential GST tarriff line from 5% to 12% across India
Flavoured milk has found different flavours with different Authorities for Advance Rulings (AARs). While Gujarat AAR followed its counterparts in Tamil Nadu and Andhra Pradesh to hold GST at the rate of 12 per cent, the Karnataka AAR went for 5 per cent. Latest rulings from Gujarat are related with two famous milk product brands, Amul and…
Vadilal is targeting Rs 800 Crores Ice cream Sales in FY 22
The company, which suffered a grim summer season owing to lockdown and limited supply, is looking to tap into revival in consumer demand and an extended summer Vadilal Industries Limited, which sells ice-cream and frozen food products under Vadilal brand, on Tuesday said that it is eyeing Rs800 crore in sales revenue during FY22 from…
DAIRY NEWS Milk prices may further go down from Rs 27 to Rs 25 /ltr from April 16th
Some dairies in Maharashtra are planning to introduce a further correction in the procurement price of milk. From April 16, some private dairies have decided to pay farmers only Rs 25 per litre as against the prevalent rate of Rs 27 per litre. This is the second price correction dairy farmers would have to bear…
Prabhat dairy to be delisted from the stock exchange from April 30th
Prabhat Dairy will be delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said. This comes after the company complied with the formalities for voluntary delisting of equity shares. Further, exit option will be kept open by the promoter/ acquirer of the company —…
Covid second wave will impact consumption of chilled dairy products
Ice-cream, buttermilk and flavoured milk could see some short-term demand constraints as consumers focus on essentials amid fresh round of restrictions to curb spread of covid-19, according to a report by ICICI Securities. “Ice cream consumption will likely remain impacted due to the fear of coronavirus, reduction in out-of-home consumption and reduction in the number…