Revenue of Heritage Foods Soars by 9 percent to 4134 crore
The strong performance of Heritage Foods was attributed to increased market share in key segments such as curd and paneer, expanded distribution, and growth in its value-added products (VAP) portfolio. The VAP segment saw revenue jump 19% YoY to Rs 4,198 million and now contributes 40.6% of the company’s total revenue. Heritage Foods Limited, one…
Plant-Based Dairy Sales Decline Amid Market Challenges
The plant-based dairy sector is experiencing a notable downturn in the U.S. market, with significant declines across various categories. According to SPINS data for the year ending April 20, 2025, the refrigerated plant-based milk market decreased by 4.1% in dollar sales and 4.5% in unit sales, totaling $2.4 billion. Shelf-stable plant-based milk also saw a…
Danone Leads Dairy Sector in Methane Reduction Efforts
Danone has announced a significant milestone in its environmental sustainability efforts, achieving a 25% reduction in methane emissions from its fresh milk supply chain since 2020. This progress positions the company well on its path to meet its ambitious target of a 30% reduction by 2030, aligning with the Global Methane Pledge. As a founding…
U.S. Milk Futures Surge Amid Seasonal Demand
Class III milk futures in the United States have experienced a significant uptick, driven by seasonal demand and rising cheese prices. The surge is attributed to a combination of factors, including increased cheese exports and a shift in market sentiment that has replaced previous discounts with premiums. This positive momentum is further bolstered by tight…
Chitale Bandhu Expands Snack Portfolio, Eyes Global Markets
Chitale Bandhu, a legacy dairy brand from Pune, is undergoing a significant transformation into a modern Fast-Moving Consumer Goods (FMCG) player. With a recent ₹265 crore capacity expansion, the company aims to increase its market share in India’s ₹1 trillion salty snack market from 1% to 10%. The expansion includes the launch of new products…
Heat Stress Threatens Dairy Yields in Ludhiana
Dairy farmers in Ludhiana are grappling with a significant decline in milk production due to escalating temperatures. Experts from Guru Angad Dev Veterinary and Animal Sciences University (GADVASU) caution that milk yields could plummet by up to 30% if adequate measures aren’t taken to shield cattle from heat stress. Dr. Puneet from GADVASU highlighted that…
Amul to Establish ₹150 Cr Dairy Plant in Assam
The Assam government has approved land allocation for Gujarat-based dairy cooperative Amul to set up a dairy processing plant in Rani, Kamrup district. The plant, with an estimated investment of ₹75-150 crore, will have a processing capacity of 1 lakh litres per day and is expected to benefit around 20,000 dairy farmers. This initiative is…
UP Boosts Dairy Subsidy to 35% to Attract Investments
The Uttar Pradesh government has amended its Dairy Development and Milk Production Promotion Policy 2022 to significantly increase subsidies aimed at attracting investments in the dairy sector. The revised policy now offers a 35% subsidy, up to ₹5 crore, for establishing new dairy units or upgrading existing ones. Previously, the subsidy was capped at 10%….
Heritage Foods Sees 15% Profit Rise Amid Dairy Demand Surge
Heritage Foods Ltd., a prominent Indian dairy company, reported a 15% year-on-year increase in its fourth-quarter profit, reaching ₹628.8 million (approximately $7.35 million) for the quarter ending March 31, 2025. This growth is attributed to a 10% rise in operational revenue, totaling ₹10.48 billion, driven by robust demand for dairy products such as paneer and…
Global Dairy Subsidies: Inequality and Sustainability Rhetoric
Recently, India has successfully concluded a Free Trade Agreement (FTA) with the United Kingdom, and negotiations with New Zealand have commenced. In contrast, the United States continues to engage in tariff politics with numerous countries worldwide. Throughout these negotiations, the Indian government and the Prime Minister have consistently taken a firm stance against opening sensitive…