Heritage Foods Q3 Results-Net profit jumps 60%
Hyderabad-based dairy products maker Heritage Foods Ltd (HFL) on Wednesday (January 22) reported a 59.9% year-on-year (YoY) jump in net profit at ₹43 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Heritage Foods posted a net profit of ₹27 crore, the company said in a…
Global dairy price index moved up by 1.4% at GDT
Prices are up in the latest Global Dairy Trade auction, held overnight, with a 1.4% increase across the board. It is the second auction of the calendar year and follows a 1.4% fall from the previous event two weeks ago. Good news for farmers as whole milk powder — which has the biggest impact on Fonterra’s farmgate milk…
Hatsun Agro acquires Milk Mantra dairy
Hatsun Agro Product Limited (HAP), a dairy product manufacturer, has announced the acquisition of 100% of the share capital of Milk Mantra for Rs 233 crore ($27.5 million). This acquisition aims to strengthen HAP’s presence in the Eastern India dairy market, particularly in Odisha, where Milk Mantra’s brand, ‘Milky Moo’, has established a strong foothold,…
5 things to know about drinking untreated milk
Delaware residents can purchase raw milk directly from local dairy farms, following legislation that took effect in September 2024. The law allows consumers to buy unprocessed, unpasteurized and unhomogenized milk directly from dairy producers with the proper permits. The legislation aims to support Delaware’s dairy farms while providing consumers with more choices in dairy products. However, health…
Danone to offer science based nutrition in India
When French multinational, Danone, first entered India in 2011, they launched a lineup of dairy products including plain yoghurt, flavoured yoghurt and smoothies. Though the Indian market is high on dairy consumption, its price-sensitive nature and affinity to local brands proved difficult to break into. Over the years, Danone saw a major learning curve, navigating…
Amul’s Rival Milky Mist Prepares For INR 2,000 Cr IPO
Milky Mist, a household name associated with dairy products, is preparing for a significant IPO of INR 2,000 crore. Heavyweights Axis Capital, IIFL Capital Services, and JM Financial have joined Milky Mist as merchant bankers. In order to list by the end of 2025, the issue filing is anticipated by the middle of the year….
Milk Food to expand into ice cream, cheese
Milk Food Ltd., a renowned for its cutting-edge facilities and high-capacity dairy products. Its core products, Milk Powders and Pure Ghee, have been synonymous with trust and excellence for decades has announced the sale of its 21-acre Moradabad plant land to a reputed developer for an estimated value of INR 140 to 150 crore. The…
Nepal in a fix as India wants dairy ban lifted
Two weeks ago, India raised concerns over the ban on its milk exports to Nepal. In response, Nepal agreed to explore the possibility of importing specific items like whey and cheese, which are not adequately produced in the country. The concerns were raised during a meeting of the Nepal-India Inter-Governmental Committee (IGC) on Trade, Transit,…
Saras Milk Now at Your Doorstep-Nutritious Living
In a transformative move to bring pure, hygienic, and nutritious milk to every household, the Rajasthan government has rolled out an ambitious initiative under the Chief Minister’s Budget Announcement 2024-25. The program aims to appoint 1,000 Saras Mitras across the state, tasked with ensuring the home delivery of Saras milk and a wide range of…
Qualification changes for ‘fresh milk’ label sought
The freshness of locally produced milk gives the nation’s dairy industry an advantage in competing with imported milk from New Zealand, which has gained greater pricing power since the removal of import duties on Jan. 1, local dairy farmers said. The Taiwan-New Zealand Economic Cooperation Agreement, signed in 2013, removes tariffs on all imports from…