Heritage Foods Surges 7.86% After Slashing Dairy Product Prices
Heritage Foods Ltd shares jumped 7.86% on Tuesday after the company announced significant price cuts across its dairy portfolio, passing on benefits from the recent GST rate revision. The company has reduced prices of UHT milk by ₹3 per litre, ghee and butter by ₹50 per litre/kg, cheese by ₹50 per kg, and paneer by…
Dairy products saw sharp price rise ;no immediate relief expected
Milk and milk products prices have been surging. Ghee has see the sharpest rise, in terms of retail inflation during the last six months, followed by ice cream and baby food. Industry expects milk prices to continue rising. According to the item wise retail inflation data sourced from data warehouse of Statistics Ministry, retail inflation…