Milk Mantra Posts INR 12.3 Cr Loss In FY23 As Sales Remain Flat
SUMMARY Milk Mantra slipped into the red in FY23 after reporting a net profit of INR 13.6 Cr in FY22 The dairy tech startup’s operating revenue rose a marginal 2% year-on-year (YoY) to INR 272.9 Cr in FY23 as sales of milk dipped 4.6% YoY Total expenditure increased 13% to INR 289.4 Cr in FY23 […]
Andhra Pradesh registers 26% inc in milk production in 6 years
Andhra Pradesh recorded nearly 26% increase in milk production in the last six years — from 1.21 crore tonnes in 2016-17 to 1.54 crore tonnes in 2022-23 — as per the basic animal husbandry statistics released by the Union government a few days ago. The state, which accounts for 6.7% of the country’s total milk production, stood in fifth place among all states […]
Hatsun Agro reports a 16% drop in Q4 net profit, revenue up 10%
Hatsun Agro Products Ltd , a leading Chennai-based dairy company, reported a 16 per cent drop in net profit to ₹25 crore for the fourth quarter ended March 31, 2023 as against ₹30 crore for the corresponding quarter previous year. Revenue was up 10 per cent to ₹1,791 crore (₹1,627 crore). Cost of materials consumed […]