Consumer Trust :Ultimate Asset in a Competitive Marketplace
In a rapidly fragmenting consumer landscape, where premium and rural segments outpace mainstream value brands, consumer trust has emerged as the foundational differentiator between fleeting engagement and long-term brand loyalty. In his ET Retail article dated July 21, 2025, Srideep N. Kesavan—CEO of Heritage Foods—argues that trust is not a soft sentiment but a tangible…
Dodla Dairy Q1 FY26 Revenue Crosses ₹1,000 Cr Mark
Dodla Dairy Limited reported its Q1 FY26 results, with revenue crossing the ₹1,000 crore mark for the first time, reaching ₹1,007 crore, a 10.5% year-on-year growth. The company’s EBITDA margin stood at 8.2%, and the PAT margin was 6.2%. The earnings call transcript provides detailed insights into the company’s performance, strategies, and future outlook. Q1…
Supreme Court Upholds 5% GST on Flavoured Milk, Rejects Centre’s Plea for 12% Tax Rate
The Supreme Court of India ruled that flavoured milk should be classified as milk under the GST law and taxed at 5%, rejecting the Union Government’s attempt to classify it under a higher tax slab of 12%. Heritage Foods Limited (respondent) is a dairy company that produces flavoured milk. It had approached the High Court…
Karnataka bakeries suspend tea, coffee, milk sales in protest
Small traders across Karnataka stopped selling tea, coffee, and milk to protest GST notices based on UPI data. Vendors switched to cash-only sales, wearing black badges, demanding withdrawal of tax notices. Chief Minister Siddaramaiah has called for a small traders meeting today. Bakeries and condiment stores across Karnataka stopped serving tea, coffee, and milk on…
Nestle India Q1 net profit falls on higher costs
Packaged foods maker Nestlé India Ltd’s consolidated net profit fell 13.4 per cent year-on-year in the quarter ended June 30 as higher raw material and finance costs dented earnings despite robust growth in key categories. The fast moving consumer goods (FMCG) company reported a net profit of Rs 646.6 crore on July 24, missing Street estimates,…
Dairy, Apples & Cheese Out Of UK FTA To Protect Farmers
India and the United Kingdom, in their Free Trade Agreement (FTA) finalised on Thursday, chose to exclude certain agricultural goods from tariff concessions—most notably dairy products, apples, and cheese. The decision reflects India’s ongoing strategy to protect its smallholder farmers by shielding them from increased competition. Of the roughly 10 per cent of tariff lines…
Modi Govt Will Open Agri, Dairy Sector, Fears SKM
The Samyukta Kisan Morcha (SKM) said it had “serious apprehensions” that the Narendra Modi government was “surrendering to the diktats” of the US to sign the free trade agreement (FTA) to open the Indian economy, especially agriculture and the dairy sector. The FTA is slated to come into effect from August 1, 2025. In an…
DAIRY FARMING IN JALGAON, MAHARASHTRA
In order to compliment and supplement the States and Union Territories for promoting small scale dairy farming the Department of Animal Husbandry and Dairying is implementing the following schemes and have taken following steps: 1. Rashtriya Gokul Mission is being implemented for development and conservation of indigenous bovine breeds enhancing milk production and productivity of…
High GST on ghee hurting farmers, aiding unorganised market
The Indian dairy industry is calling for a cut in Goods and Services Tax (GST) on ghee from 12% to 5%, arguing that the current rate is hurting farmers and promoting an unorganised market with adulterated products. “Imported edible oils have only 5% GST, but Indian farmers’ produce, which supports 80 million families, is taxed…
Parag Milk Foods shares tank 6% after muted Q1 net profit
Shares of Parag Milk Foods Ltd fell in Tuesday’s trade after the company reported a tepid set of first quarter results. The dairy producer’s stock declined 5.9 per cent to Rs 238.55 on BSE over its previous close of Rs 253.60 apiece. The stock declined as Parag Milk Foods reported a mere 1 per cent…