Chennai-based Hatsun Agro has acquired Milk MantraMilk Mantra Datalabs_in-article-icon for INR 233 Cr (around $26 Mn) to expand its footprint in the dairy market. HAP in a BSE filing said that the company’s board has “approved the acquisition of 100% of the issued and paid-up share capital of the Milk Mantra Dairy Private Limited…” Post …
During the inaugural ceremony of Grameen Bharat Mahotsav, Modi remarked that milk production is currently providing the highest returns to farmers’ Prime Minister Narendra Modi on Saturday called for 5 to 6 more Amul – like cooperative bodies to bring more and more changes to rural India. During the inaugural ceremony of Grameen Bharat Mahotsav, Modi …
India needs 5-6 more cooperatives like Amul-Modi Read More »
The dairy business is not an easy space to be in. Even the best dairy industry player like Amul took decades to reach where it is today. It is a business where challenges are present all year around. But if you scale the business, these challenges tend to come down. And then comes an inflection …
Mother Dairy and Vegetables Pvt Ltd was back in the black in FY23-24. The packaged dairy and food company posted a net profit of ₹106.27 crore in FY 24, as per its RoC filing sourced from business intelligence platform Tofler. In FY23, the wholly-owned subisidary of NDDB, had posted a net loss of ₹133.32 crore. …
Mother Dairy posts net profit of ₹106 crore in FY24 Read More »
Karnataka Milk Federation (KMF) has now stormed into the Delhi-NCR market, with its Nandini brand milk products. The federation in order to gain an easy market entry has opted to price them marginally lower than competitors. The cooperative will retail four cow milk variants, curd, and buttermilk from Friday, with competitive pricing that undercuts established …
KMF Nandini launched milk and milk products in Delhi NCR Read More »
November 21 Delhi’s beloved Mother Dairy, which fights for shelf space with Amul and a few private brands, is set to face more competition. Nandini, the milk brand owned by Karnataka’s dairy cooperative, is invading the Capital with four variants of cow milk, curd and buttermilk which will be on sale from Friday onwards. And Nandini is arriving …
India’s direct-to-home food essentials brand Country Delight has raised ₹200 crore in venture debt from Alteria Capital, marking the largest domestic venture debt transaction to date. The funding, announced today, will support the company’s expansion plans, capacity building, and brand marketing initiatives. The company, which operates a subscription-based model serving fresh produce and dairy products …
Country Delight secures record ₹200 crore venture debt from Alteria Capital Read More »
Hatsun Agro Product slipped 2.38% to Rs 1,081.40 after the company’s net profit declined 17.08% to Rs 64.32 crore in Q2 FY25 as against Rs 77.57 crore posted in Q2 FY24. However, revenue from operations rose 8.74% to Rs 2,072.10 crore during the quarter ended September 2024 quarter as compared with Rs 1,905.40 crore posted …
India Ratings and Research (Ind-Ra) has taken the following rating actions on Indapur Dairy and Milk Products Limited’s (IDMPL) bank facilities: Details of Instruments Instrument Type Date of Issuance Coupon Rate Maturity Date Size of Issue (million) Rating Assigned along with Outlook/Watch Rating Action Term loan – – 31 March 2029 INR1,092.30 IND A/Positive Affirmed …
Rabobank’s Global Dairy Quarterly Q3 report reveals shifting market narratives, shaped by unpredictable weather, geopolitical tensions, and variable milk production. While supply from main producers is set to rise slightly due to better milk prices and cheaper feed, concerns like La Nina, China’s production challenges, and the spread of Bluetongue in Europe pose significant obstacles. The confluence of these …
