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

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 …

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

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 …

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Should investors milk the profit in Heritage Foods now?

Heritage Foods (CMP: Rs. 626, Market Capitalisation: Rs. 5,814 crores, Under-weight), a leading dairy company with a diversified product portfolio that includes milk and milk-based products, posted a healthy revenue growth of 16 percent year on year (YoY) in the fourth quarter. This was primarily aided by a 20 percent increase in the volume of value-added …

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Dodla Dairy Poised for Robust Growth in FY25 with Expansion and Stability

FY25 is expected to see an accelerated double-digit growth for DDL, thanks to a pick-up in domestic milk volumes, commencement of a new plant in Kenya, and a massive increase in cattle feed capacity Outlook for DDL in FY25 Robust Growth Expected FY25 is poised for accelerated double-digit growth for DDL, driven by increased domestic …

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