India’s Heritage Foods Q2 profit jumps on strong dairy demand
India’s Heritage Foods posted a more than 17% jump in its second-quarter profit on Wednesday on strong demand for its milk and dairy products.The dairy producer reported a consolidated net profit of 224.1 million rupees ($2.69 million) for the quarter ended September 30, compared with 190.5 million rupees a year earlier. The company’s dairy segment,…
NANDINI FROM 1974 INCEPTION TO RS 14,018 CRORE IN 2023
Karnataka Milk Federation’s Nandini is not just a brand; it’s a legacy. Born as Karnataka Dairy Development Corporation (KDDC) in 1974, it began its journey with the support of the World Bank. Fast forward a decade, and KDDC transformed into Karnataka Milk Federation (KMF). Over the years, the metamorphosis wasn’t just in name but also…
Nestlé launched its first affordable and nutritious instant powder
Developed locally by Nestlé experts at the regional R&D center in Abidjan, Côte d’Ivoire, the versatile product can be enjoyed with a variety of cereals, porridges, and drinks. Nido Milk & Soya is now available in Nigeria, the company said. Nestlé launched the company’s first affordable and nutritious instant powder in Central and West Africa that…
Yogi inaugurated Dairy Project of Gyan Dairy in Gorakhpur
On October 16, 2023, Chief Minister Yogi Adityanath inaugurated the milk and milk products project of Gyan Dairy in Gida of Gorakhpur district. Along with this, the Chief Minister also honored 5 women associated with the dairy industry. Key Points: This dairy plant of Gyan Dairy is being set up as CP Milk and Food…
Parag Milk Foods appoints former Amul MD Rahul Kumar as COO
Parag Milk Foods Limited, a manufacturer and marketer of dairy-FMCG products, has announced the appointment of Rahul Kumar Srivastava as the Chief Operating Officer of the organization. He served as the Managing Director of Lactalis India, a division of the world’s largest dairy conglomerate, for over a decade. Additionally, he held the position of Managing…
Milk to Mastery: GK Dairy’s Dedication to Premium Dairy Products
The GK Dairy Foundation has steadily focussed all its efforts on the noble goal of offering nutritious and nourishing milk since its inception. This renowned establishment is motivated by a shared objective to promote healthier living in every home it touches. When it first opened its doors as a cutting-edge dairy factory in the Thanjavur…
Wholesale prices stayed almost flat in September
Cheaper vegetables helped ease food price rise to 1.5% despite accelerated uptick in pulses, wheat, cereals, fruits, milk prices; onion prices quickened to cross 55% in September from 31.4% in August India’s wholesale prices stayed in deflationary mode for the sixth month in a row this September, albeit only fractionally with inflation at -0.26% compared…
NDDB chairman Dr Meenesh Shah appointed on IDF Board
Dr Meenesh Shah, Chairman and Managing Director of National Dairy Development Board (NDDB), was elected to the Board of International Dairy Federation (IDF) during the General Assembly of IDF on October 15, an official release stated on Tuesday. Accepting this responsibility and thanking the IDF delegates for the trust bestowed on him, Dr Shah mentioned…
Best Business Tips for FMCG Companies
Fast Moving Consumer Goods (FMCG) companies are typically involved in the production, distribution, and marketing of a wide range of consumer products that are sold quickly and at a relatively low cost. These products include items like food and beverages, personal care products, cleaning products, and more. Running a successful Fast Moving Consumer Goods (FMCG) company…
GDT: Dairy prices rise for the fourth time in a row
Prices have risen for the fourth time in a row in the latest Global Dairy Trade auction, held overnight, with a 4.3 per cent increase across the board. It follows similar lifts of 4.4 per cent on October 3 and 4.6 per cent on September 19, as well as a 2.7 per cent increase on…