Heritage Foods Q2 PAT improved by 8.13% over first quarter
Heritage Foods Limited has reported Consolidated financial results for the period ended September 30, 2021. Financial Results (Q2 FY2022) – QoQ Comparison The company has reported total income of Rs. 673.198 crores during the period ended September 30, 2021 as compared to Rs. 650.895 crores during the period ended June 30, 2021. The company has…
Why liquid nitrogen is critical to the Indian animal husbandry sector ?
In an age of extremely long as well as short shelf lives and preservation periods for products, goods and materials wherein logistics, storage, transportation and distribution have been key to a successful supply chain management, liquid nitrogen has come to occupy a significant presence. As a cryogenic liquid with a boiling point of -196°C, this…
Aavin’s dairy farmers seek Rs 400 Cr grant to settle their dues
Milk producers have urged the State government to settle ₹400 crore due to them through a one-time grant before the Deepavali festival. The government had reduced the price of Aavin milk by ₹3 per litre four months ago leading to a loss of ₹23 crore per month. However, no subsidy was provided to Aavin to…
Parag Milk Foods unveils Go Milkshake eyeing about 15% of market share
Parag Milk Foods, the makers of India’s favourite dairy products like Gowardhan, Go, Pride of Cows and Avvatar, unveiled the expansion of their product portfolio with the launch of a range of milkshakes – Go Milkshake. It is made from 100% cow’s milk and is available in 180 ml Tetra Packs in strawberry, vanilla, chocolate and…
Milma has declared a flood relief aid of nearly ₹1 crore to dairy farmers
Milma’s Thiruvananthapuram Regional Cooperative Milk Producers’ Union Ltd (TRCMPU), which operates in Thiruvananthapuram, Kollam, Alappuzha and Pathanamthitta, has declared a flood relief aid of nearly ₹1 crore to assist dairy farmers in the flood-ravaged areas. The union which convened an emergency meeting here on Monday announced relief measures including a solatium of ₹25,000 to the…
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…
Milk Powder At 7-Year High After Surprise Shortfall In Global Production
Milk powder is used to make milk, and it’s also a common ingredient in a variety of foods including baked goods, soups and processed items. Futures for nonfat dry milk reached 135 cents per 100 pounds, the highest since August 2014. A surprise shortfall in global milk production has international purchasers scouring for powder, the…