Benchmarking

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 »

Net Sales at Rs 997.62 crore in September 2024 up 29.94% from Rs. 767.75 crore in September 2023. Quarterly Net Profit at Rs. 63.38 crore in September 2024 up 45.35% from Rs. 43.60 crore in September 2023. EBITDA stands at Rs. 105.82 crore in September 2024 up 37.55% from Rs. 76.93 crore in September 2023. …

Second Quarter performance of Dodla and Heritage Read More »

India’s dairy industry is expected to see healthy revenue growth of 13-14 per cent this financial year 2024-25, asserted Crisil Ratings, as strong consumer demand continues along with an improved supply of raw milk. While the rating agency believes the demand will be supported by rising consumption of value-added products, the ample milk supply will …

Indian dairy industry to see 13-14% revenue growth in FY25 Read More »

India has emerged as a global powerhouse in the dairy industry, boasting a remarkable journey from a milk-deficient nation to the world’s largest producer of milk and milk products. The dairy sector has played a pivotal role in the country’s agricultural and rural economy, providing livelihood opportunities to millions of farmers and contributing significantly to …

The Booming Dairy Industry in India Read More »

In a significant development for the global dairy market, prices at today’s Global Dairy Trade (GDT) auction showed a notable increase, marking a positive shift after an extended period of decline. This rise in prices is seen as a relief for dairy producers worldwide who have been grappling with low returns amidst fluctuating demand and oversupply issues. …

Global Dairy Trade price index moved up by 5.5% Read More »

Milk Price increase   The average rate of toned milk has increased to Rs 51.83 per litre in the last fiscal year, from Rs 39 per litre in 2018-19, the government said on Tuesday. In a written reply to Lok Sabha, Minister of Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said, “the Department of …

Toned milk prices increased by 33% from FY 19 to FY 24 Read More »

The report highlighted that Tamil Nadu leads India’s export of processing fruits, juices and nuts, with a 33 per cent share by quantity and 27 per cent by value The country’s food sector is predicted to expand by more than 47 per cent and reach $1,274 billion by 2027, according to a survey published by …

Indian food processing sector may become 1274 B USD by 2027-Danfoss Report Read More »

The Indian dairy industry is poised for a revenue growth of 13-14% this fiscal year, driven by strong consumer demand and an improved supply of raw milk, according to Crisil Ratings. Rising consumption of value-added products will support demand, while a good monsoon is expected to boost milk supply. The increased supply of raw milk …

Indian Dairy Industry Set for Robust Revenue Growth Read More »

Hatsun Agro shares are trading over 5% higher on Tuesday, July 16, after the company reported a 62.9% increase in net profit at ₹130.5 crore for the first quarter that ended June 30, 2024.   In the corresponding quarter, Hatsun Agro Products posted a net profit of ₹80.1 crore, the company said in a regulatory …

Hatsun Agro Dairy firm’s stock gains over 5% after net profit surges 63% in Q1 Read More »

State dairy development minister Mano Thangaraj said Aavin has increased its milk procurement to 36 lakh litres per day. Speaking to reporters in Coimbatore after a review meeting with Aavin officials on Sunday, he said the daily procurement would touch 40 lakh litres of milk procurement in a week or two. “Simultaneously, we are making efforts …

Aavin milk procurement to touch 40 lakh litres per day soon: Dairy min Read More »