Hatsun Agro shuts ’ready-to-eat’ business under the Oyalo brand
Hatsun Agro Product Ltd. (HAPL) announced it was discontinuing its ready-to-eat (RTE) business with immediate effect, citing losses for the last two years primarily due to the pandemic. The RTE range, which comprised pizzas and pastas, were manufactured and sold under the Oyalo brand. The RTE business has been contributing to HAPL’s annual sales of…
Nestle Q4 results: Net profit dips 20% YoY to Rs 387 cr; rev up 9%
FMCG giant Nestle India on Thursday reported a net profit of Rs 386.66 crore for the October-December quarter, down 19.99 per cent year-on-year (YoY) from Rs 483.31 crore recorded during the same period last year. The company’s revenue from operations came in at Rs 3,739.32 crore, up 8.93 per cent YoY compared to Rs 3,432.58…
Amul Files FIR Against Staffer For Rs 4 Cr Fraud
The general manager of Amulfed Dairy has filed a complaint of cheating against assistant manager of fresh products for producing fake transport bills and defrauding the company of Rs 4 crore in 12 years. Anil Bayani (52) of Amulfed Dairy has accused Ujjawal Vyas, a resident of Orchid Elegance, SoBo of running M U Carting,…
NDRI to set benchmark for milk cells across India
After the success in setting standard limits of somatic cell counts (SCC) in the milk of indigenous cattle and Murrah buffalo of the National Dairy Research Institute (NDRI) farm, the scientists of NDRI, here, have started work on developing a set of reference values of SCC of all dairy breeds of the country. Develop predictive…
Stellapps has raised funds from IDH FarmFit with a partnership
End-to-end dairy technology solutions provider, Stellapps has raised an undisclosed amount from IDH FarmFit. They have also entered into a partnership as a result of this investment. Stellapps is challenging the status quo of India’s dairy ecosystem through its tech-first, platform-based dairy supply chain services. The increasing milk demand and the untapped potential for milk…
I skate to where the puck is going to be, not where it has been.
Is Indian dairy exports dependent on subsidy or global market prices ? This week the global dairy prices have touched a new high in almost a decade. The GDT ( Global Dairy Trade) Index at 1516 today is slightly short of last high of 1573 in April 2013. India is seeing a great shortage of…
Amul asks top retail companies to ‘avoid’ deep discounting on its products
India’s largest dairy company Amul has written to leading offline and online retailers including Reliance Retail, Amazon, BigBasket and D’Mart, asking them to “avoid” deep discounting on its products for their B2C (business to consumer) businesses, in other words, what the retailers sell to consumers. This follows the recent controversy between fast moving consumer goods companies and…
Fairlife is The Coca-Cola Company’s Newest Billion Dollar Brand
Fairlife, LLC, a subsidiary of the Coca-Cola Company, has surpassed $1 billion in annual retail sales. Founded in 2012, Fairlife has pioneered ultra-filtration in the dairy industry through its portfolio of better-for-you products that are leading the value-added dairy category. Over the last decade, fairlife has remained committed to innovation and provided consumers with high-quality nutrition…
Meghalaya CM Conard K Sangma lays foundation of new dairy complex
Meghalaya Chief Minister Conrad K Sangma on Saturday said that the Government is making the required investment to upscale the dairy sector in the State. He said that through the flagship ‘Dairy Mission’ programme, the State Government has charted out various interventions to promote dairy farming. “Government of Meghalaya is working with different Dairy Cooperative…
Dairy, beef and wheat sensitised and respected in India-Aus FTA
The interim trade deal between India and Australia, expected to be finalised in the next 30 days, could see sensitive sectors such as dairy excluded, Australian trade minister Dan Tehan indicated on Friday. “We understand the sensitivities that India has when it comes to dairy, beef, and wheat,” said Tehan, while addressing a joint press…