April-June performance by dairy majors showed slow growth against no growth despite Covid-19
Nestle showed a marginal decline in Profit before tax from Rs 659 Crores in Qtr 1 last year to Rs Rs 652 Crores in Apr-Jun 2020. Total revenue showed a micro growth of 1.7% to Rs 3050 crores as against Rs 3000 Crores reported last year. Net profit for Apr-Jun quarter showed a growth of […]
Seven listed dairy stocks almost doubled their investor’s wealth during Covid
The whole world is facing the wrath of Covid-pandemic since early this year. Most businesses were shut down during the lock down and have not been in a position to recover till now. During the same period, essential products witness higher demand. Milk and milk products emerged as the least impacted sector during the pandemic […]
Dairy is an IT business now, transacting in milk
This title may sound weird , but it is a fact in today’s environment. The government announced lockdown in last week of March 2020 which induced tremors in dairy industry. Most of the dairy companies were not riding the wave of IT led supply chain over online platforms. Amul has been investing Rs 600-800 crores annually […]