Amul caught in a fresh row over new AP dairy project
Co-operative giant Amul is trapped in a fresh controversy. This time trouble is brewing around its new dairy project in Andhra Pradesh. The dairy major, owned by Gujarat Milk Marketing Federation, is investing ₹385 crore to revive the Chittoor Co-operative Dairy. While it is geographically a strategic investment for Amul as it is close to…
Four private dairies increase milk price by Rs 2-Rs 4 a litre
Citing increasing input costs, four private dairies selling milk under brand names Thirumala, Jersey, Vallabha and Heritage have increased their prices by Rs 2 to Rs 4 per litre. The hike came into effect between Wednesday and Friday. As per the new price, the cost of per litre of full cream milk of private brands…
Dairy stocks rally up to 7% in volatile market; here’s why
Shares of dairy companies such as Umang Dairies, Parag Milk Foods, Dodla Dairy, Heritage Foods, and Hatsun Agro surged up to 7% on Tuesday after Mother Dairy hiked milk prices. Mother Dairy, one of the major suppliers of milk in Delhi-NCR, has increased milk prices by ₹2 per litre, effective from today, citing a rise in…
Is it time to sell dairy stocks?
Dairy companies continued to disappoint investors with dismal profits in the recently concluded quarter as high input costs eroded the sector’s margins. Find out the likely trajectory for the sector The opening up of the economy had helped dairy companies log strong revenue growth in the April-June quarter. But the long-standing pressure on their profitability…
Heritage Foods launches probiotic curd with immunity benefits
Will initially be available in Hyderabad, later in the rest of the country Heritage Foods has launched a probiotic curd containing the Bifidobacterium strain which boosts the immune system by improving overall gut health. The probiotic curd is rich in good bacteria and offers nutritional benefits to improve gut health. Healthy gut leads to high…
April-June performance by dairy majors showed slow growth against no growth despite Covid-19
Nestle showed a marginal decline in Profit before tax from Rs 659 Crores in Qtr 1 last year to Rs Rs 652 Crores in Apr-Jun 2020. Total revenue showed a micro growth of 1.7% to Rs 3050 crores as against Rs 3000 Crores reported last year. Net profit for Apr-Jun quarter showed a growth of…
Seven listed dairy stocks almost doubled their investor’s wealth during Covid
The whole world is facing the wrath of Covid-pandemic since early this year. Most businesses were shut down during the lock down and have not been in a position to recover till now. During the same period, essential products witness higher demand. Milk and milk products emerged as the least impacted sector during the pandemic…
Dairy is an IT business now, transacting in milk
This title may sound weird , but it is a fact in today’s environment. The government announced lockdown in last week of March 2020 which induced tremors in dairy industry. Most of the dairy companies were not riding the wave of IT led supply chain over online platforms. Amul has been investing Rs 600-800 crores annually…