Heritage Foods: Will margins make a comeback for this dairy company?
The stock price gained over 9 percent on September 30. The company announced 1:1 Rights Issue through a regulatory filing. “The Board of Directors of the Company at the meeting approved to issue equity shares in the ratio of 1:1 by way of Rights Issue basis at the face value of Rs 5 each per…
Rs 2,128 Cr To Telangana Dairy Sector In 4 Years From Center
Union Minister for Animal Husbandry, Dairy Development and Fisheries Purushotham Rupala said that the funds allocated by the Central government for the development of Dairy industry in Telangana in the last 4 years is Rs. 2,128 crores. He said in the financial year 2022-23 Rs. 540.10 crores have been allocated to Telangana through its schemes…
As whole sale milk price simmer, dairy cos may take further hike
With the price of wholesale milk continuing to rise across the country, dairy companies will need to increase prices again in the second half of FY23, according to a report by ICICI Securities. These companies will need to focus on increasing the share of Indian value-added products to protect their profitability, analysts at the brokerage…
What’s common between Amul and Parle G?
Consumers and brands alike were blindsided by the pandemic and subsequent lockdowns, but a few companies with operations outside India were slightly ahead of the curve. While the list of companies able to achieve this feat is long, for a household brand, catering to a country of 1.38 billion people, it was one of the toughest strategies to crack….
Dairy to be probed by Maharashtra Coop and Dairy development depts
The state Cooperation and Dairy Development departments are set to probe the Pune District Co-operative Milk Producers’ Association, also known as Katraj Dairy, over alleged irregularities. The dairy is controlled by leaders linked to Nationalist Congress Party (NCP) leader Ajit Pawar. According to an order issued by the state Animal Husbandry and Dairy Development department…
 Chocolates in demand amid stress, inflation: Mondelez 
Mondelez India, the country’s biggest confectionery maker, said there has been a strong volume growth in chocolate sales, bucking the slowdown trend in the overall market and indicating consumers could be turning to comfort food in a time of stress and inflation.”We see a lot of growth being fired by double-digit volume, which is quite…
India facing deficit of green, dry fodder: Rupala
The country is facing deficit of 23.4 per cent in dry fodder, according to the Union Ministry of Fisheries, Animal Husbandry and Dairying. In a reply in the Lok Sabha on Tuesday, Parshottam Rupala said the ICAR — Indian Grassland and Fodder Research Institute (IGFRI), Jhansi, has estimated that there is deficit of 11.24 per…
Tamil Nadu CM MK Stalin inaugurates Aavin ice-cream plant in Salem
Tamil Nadu Chief Minister M K Stalin inaugurated the state owned Aavin ice-cream factory established at a cost of Rs 12.26 crore in Salem on Tuesday. The state-of-the-art facility, virtually inaugurated by the Chief Minister from the secretariat here, can produce 6,000 pieces of ice-creams in the form of cone and cup in various flavours…
Assam: Purabi Dairy hikes milk procurement rate
Bringing cheers to thousands of dairy farmers, West Assam Milk Producers’ Cooperative Union Ltd (WAMUL) on Monday said it has hiked the milk procurement rate by Rs 2 per kg with immediate effect. The decision by the Guwahati-based cooperative, which markets milk and milk products under the Purabi Dairy brand, will directly benefit around 25,000…
Parle Agro’s quest for ₹10 price point in scaling dairy milk beverages
In 2021, home-grown beverage manufacturer, Parle Agro (maker of Frooti and Appy Fizz) entered the dairy-based beverage business with the launch of Smoodh, its flavoured milk brand. Not only has the company extended Smoodh to yogurt-based beverages, joint managing director Nadia Chauhan is confident that her portfolio of dairy beverages would contribute 50% of the…