Dodla Dairy hits record high after PAT soars 86% YoY in Q1 FY25
Dodla Dairy zoomed 12.88% to Rs 1,305.35 after the dairy product maker reported 85.93% jump in consolidated net profit to Rs 65.02 crore on 10.70% increase in revenue from operations to Rs 911.59 crore in Q1 FY25 over Q1 FY24. Profit before tax stood at Rs 92.79 crore in Q1 FY25, registering a growth of […]
Heritage Foods Bets on Premium Dairy Play
The second-largest FMCG firm on The Next 500 list focuses on value-added products such as curd, paneer, cheese and cold coffee to cash in on a growing industry. INDIA IS THE WORLD’S largest milk producer, accounting for 24% of global production. The domestic dairy sector has seen a paradigm shift in recent times, with a surge […]
Scorching summer makes Mother Dairy bullish on VADP led by ice-creams
Ice-creams category grows by 40-50 per cent over 2019 levels; to ramp up distribution and portfolio of sub-brand Nutrifit Amidst soaring temperatures and revival of out-of-home sales, Mother Dairy expects to rake in revenues of ₹2,000 crore in FY23 for its value-added dairy business comprising of products such as ice-creams and dairy-based beverages. The company also […]
Dairies to log 5-6% growth this fiscal to reach 1.5 Lakh Crore this year
Revenue of the organised dairy sector in India, after churning to a decadal-low growth of ~1% last fiscal, is expected to grow 5-6% to Rs 1.5 lakh crore this fiscal. Healthy demand revival in value added products (VAP, 30-35% of organized sector revenue) post pandemic effect last fiscal, lower restrictions as compared with the earlier […]
Amul spreads 1200 crore fresh investment from Gujarat to Kolkata
Milk processing facility to be set up in Rajkot in Gujarat, Kolkata to meet increase in demand Dairy major Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets Amul brand of food products, has lined up fresh investments to ramp up capacities in major markets including Kolkata and Andhra Pradesh besides its strong-hold Gujarat. The Federation is […]