Hatsun Agro reports a 16% drop in Q4 net profit, revenue up 10%
Hatsun Agro Products Ltd , a leading Chennai-based dairy company, reported a 16 per cent drop in net profit to ₹25 crore for the fourth quarter ended March 31, 2023 as against ₹30 crore for the corresponding quarter previous year. Revenue was up 10 per cent to ₹1,791 crore (₹1,627 crore). Cost of materials consumed…
A1 & A2 Milk: What’s The Difference Between the Two?
There has never been any doubt about the great love we Indians have for all things dairy – from milk to all the products it churn out – yoghurt, buttermilk, butter, cottage cheese… in all its sweet and sour ways. There’s no doubt about the importance of dairy in our diet, and the goodness it bestows to…
Amul Is Eyeing Every Item In Your Kitchen
With consistent growth in its group turnover over the years through its dairy and value-added dairy products, Amul now seeks to go all out in India’s booming FMCG space as it believes it is the right inflexion point to tap into other non-dairy food categories. Above Amul’s big diversification bet is the success of the…
Which drink is best for hydration? Hint: It isn’t water
When you’re thirsty and in need of a drink, which beverages are best at keeping you hydrated ? Sure, you can always reach for a glass of water — but plain H20 isn’t the most hydrating beverage around, according to a study from Scotland’s St. Andrews University that compared the hydration responses of several different drinks. The…
Potato based Milk Is An Unexpectedly Delicious Dairy Alternative
Plant-based milks are quite popular these days, and for lots of great reasons. People who are lactose intolerant experience digestive issues when drinking cow’s milk, so plant-based products are a welcomed alternative with their morning cereal or in their coffee. Also, many people avoid dairy products due to the poor conditions dairy cows are subjected…
WestBridge closes in on Milky Mist funding at Rs 7000 cr valuation
India-focussed investment fund WestBridge Capital is in the final stage of closing a deal to acquire a minority stake worth Rs 800 crore in Tamil Nadu-based dairy products brand Milky Mist. Deal Details: WestBridge is likely to have valued the company at about Rs 7,000 crore, three people in the know told us. The fund which manages…
Amul, Nandini, Aavin… and politicisation of milk cooperatives
In a country where cows are worshipped, the White Revolution is a forgotten spectacle. When Gujarat-born Amul, perceived to have been mollycoddled by the grand old party aeons ago but now backed by double-engine governments, makes a beeline for Karnataka, political parties are caught in the crossfire of canards. It is a perfect turf for…
Aavin plans schemes to bring down milk production cost
Dairy, which has been a second source of income for thousands of rural farmers in the state, faced an unprecedented situation in 2022-23. A section of dairy farmers associated with Aavin diverted their produce to private milk companies for a higher price. As a result, Aavin’s milk procurement declined by eight to nine lakh litres…
School Mandates Milk Propaganda at Anti-Dairy Event
A California high school student wanted to pass out literature critical of the dairy industry outside her school’s cafeteria—but the school administration wouldn’t let her, fearing that, unless she passed out pro-dairy flyers as well, the school would be found in violation of U.S. Department of Agriculture rules that bar anti-dairy speech on school grounds….
Milk import ban may be lifted in Nepal to prevent shortages
The government plans to lift import restrictions on fluid milk briefly to avert possible shortages during the lean season, officials said. The Ministry of Agriculture and Livestock Development said it was discussing opening imports for two months. The period April-November is the lean season for milk production and December-March is the flush season. “The paperwork…