Bengaluru Hotels Cut Milk Orders by 25%
Milk demand from Bengaluru’s hotel sector has dropped sharply, with orders for Nandini milk declining by around 25%, impacting sales of the Karnataka Milk Federation (KMF) in one of its key urban markets. The reduction is linked to operational challenges faced by hotels, particularly due to the ongoing LPG shortage, which has forced many establishments…
Consecutive double-digit revenue growth for dairies this fiscal
Rising procurement prices to curb profitability; credit quality outlook remains ‘Stable’ Revenue of the organised dairy sector in India is set for the second straight fiscal of double-digit growth – at 11-12%, a notch below last fiscal’s 13% growth. This will be driven by healthy demand for value-added products (VAP; 28% of overall sales), even…
Consecutive double-digit revenue growth for dairies this fiscal
Rising procurement prices to curb profitability; credit quality outlook remains ‘Stable’ Revenue of the organised dairy sector in India is set for the second straight fiscal of double-digit growth – at 11-12%, a notch below last fiscal’s 13% growth. This will be driven by healthy demand for value-added products (VAP; 28% of overall sales), even…
Improving Horeca ignites hopes for dairy sector to be in black in 2021
SMP prices seen stable at ₹250/kg on matching demand and supply Amidst easing supplies and improving demand from the bulk consuming HoReCa segment, the dairy sector expects its business to be back in black this year. The ongoing flush milk season (when milk output is at the peak) will cap any further spike in the skimmed…