Demand for butter, cheese, ice-cream down 30-40%: Amul’s Sodhi
As India reels under a fierce second wave of COVID and lockdown fears loom, RS Sodhi, GM of Gujarat Co-operative Milk Marketing Federation (Amul) said that companies as well consumers are better prepared now and there is no panic buying. “This time for the second wave, which is more impactful and worsening day by day,…
Vadilal is targeting Rs 800 Crores Ice cream Sales in FY 22
The company, which suffered a grim summer season owing to lockdown and limited supply, is looking to tap into revival in consumer demand and an extended summer Vadilal Industries Limited, which sells ice-cream and frozen food products under Vadilal brand, on Tuesday said that it is eyeing Rs800 crore in sales revenue during FY22 from…
Covid second wave will impact consumption of chilled dairy products
Ice-cream, buttermilk and flavoured milk could see some short-term demand constraints as consumers focus on essentials amid fresh round of restrictions to curb spread of covid-19, according to a report by ICICI Securities. “Ice cream consumption will likely remain impacted due to the fear of coronavirus, reduction in out-of-home consumption and reduction in the number…
Early onset of summers will bring strong ice creams sales during season
The ‘warmest’ February and an early onset of summer is bringing cheer to ice-cream makers in India. After a nearly 90 percent drop in sales in 2020 due to COVID-19 pandemic, ice-cream makers are pinning their hopes on a strong summer season this year and have lined up new product launches. The lockdown, which was…