Dairy stocks rally up to 7% in volatile market; here’s why
Shares of dairy companies such as Umang Dairies, Parag Milk Foods, Dodla Dairy, Heritage Foods, and Hatsun Agro surged up to 7% on Tuesday after Mother Dairy hiked milk prices. Mother Dairy, one of the major suppliers of milk in Delhi-NCR, has increased milk prices by ₹2 per litre, effective from today, citing a rise in […]
India’s largest ice cream plant set up in Telangana by Hatsun Agro
Ice cream lovers across the country now have one big reason to head to Telangana. The State now has the country’s largest ice cream manufacturing unit, and that too, operated by one of the most popular names in India. The mega ice cream plant became a reality with the commissioning of a seven tonne per day […]
Is it time to sell dairy stocks?
Dairy companies continued to disappoint investors with dismal profits in the recently concluded quarter as high input costs eroded the sector’s margins. Find out the likely trajectory for the sector The opening up of the economy had helped dairy companies log strong revenue growth in the April-June quarter. But the long-standing pressure on their profitability […]
Hatsun to increase milk collection in AP, Telangana and Maharashtra
Hatsun Agro Product Ltd.(HAP), a leading private sector dairy company in India with brands ‘Arokya’, ‘Hatsun’, ‘Arun Icecreams’, has announced its plans to expand procurement in Andhra Pradesh, Telangana and Maharashtra. HAP has over 3,100 milk collection centres which benefit farmers across various villages in the three States. HAP plans to aggressively expand this network […]
DAIRY NEWS Top dairy industry stock picks as per ICICI securities report
ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in June’22, wholesale milk prices jumped 5.8 per cent year on year in India. ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in […]
Indian dairy firms address climate concerns via green initiatives
For a dairy organisation, generating 400 metric standard cubic meters (MCM) of gas on a daily basis is something unthinkable. But at AmulFed dairy in Gandhinagar, it is one of the several green initiatives aimed at addressing climate concerns. It uses dairy waste to generate natural gas, which is used in boilers and the canteen. […]
Indian dairy firms address climate concerns via green initiatives
For a dairy organisation, generating 400 metric standard cubic meters (MCM) of gas on a daily basis is something unthinkable. But at AmulFed dairy in Gandhinagar, it is one of the several green initiatives aimed at addressing climate concerns. It uses dairy waste to generate natural gas, which is used in boilers and the canteen. […]
Hatsun stellar performance in Qtr-I: To raise ₹700 cr for expansion
Dairy product maker Hatsun Agro Product Ltd; plans to raise ₹700 crore through private placement of equity-shares by way of qualified-institutional-placement for its expansion-plans. Also read : Hatsun starts a 101 Crores automated dairy plant at Tripur On Wednesday, the board also approved a proposal for increasing the company’s borrowing limit from ₹1,500 crore to ₹1,800 […]
Hatsun starts a 101 Crores automated dairy plant at Tripur
Hatsun Agro Product Ltd.(HAP), a leading private sector dairy company in India, with brands ‘Arokya’, ‘Hatsun’, ‘Arun Icecreams’ and ‘Ibaco’, has started processing and packing of milk at its fully automated Greenfield dairy processing plant in Kangayam Taluk, Tiruppur district, Tamil Nadu. HAP invested Rs 101 Crores in this plant. It has equipment from Germany […]
Hatsun to set up an Ice cream Plant in Telangana
The State Industries department to offer a slew of benefits to the tune of ₹25 crore The Telangana Industries department has agreed to offer a slew of benefits, incentives and subsidies to Hatsun Agro Products Ltd or setting up an ice cream plant at Govindpur in Zaheerabad taluk in Medak district of the State. The […]