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 …
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 »
Dodla Dairy Ltd (BSE – 543306, NSE – DODLA, ISIN: INE021001019), one of India’s leading integrated dairy companies, has announced that it has completed the acquisition of a land parcel admeasuring 35.23 acres at Itkal Village, Dharashiv District, Maharashtra. The company has a strong procurement setup in the state and this land acquisition is a step …
Dodla Dairy Acquired Land in Maharashtra for Expansion Read More »
Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under Amul brand, on Saturday said its turnover has increased by 8 per cent to Rs 59,445 crore in the financial year ending March 2024 on better sales. “In the Golden Jubilee year of GCMMF, the organization registered a turnover of Rs 59,545 crore …
GCMMF’s turnover has increased by 8% to Rs 59,445 crore in FY 24 Read More »
The Kaira District Cooperative Milk Producers Union Limited, popularly known as Amul Dairy, will be setting up new plants at Chittoor in Andhra Pradesh, Pune and Punjab. For this, Gujarat’s oldest milk co-operative will be investing Rs 1,000 crore over the next couple of years. In the last financial year, it invested Rs 1,000 crore in the expansion of its plants. …
Amul Dairy to set up plant in AP, Pune and Punjab Read More »
In its note, domestic brokerage firm HDFC Securities has maintained its optimistic view on Heritage Foods, highlighting its well-diversified product portfolio, robust distribution network, strong long-term relationships with farmers, and commitment to high-quality premium products, enables it to capitalize on the growing dairy industry in India. The company boasts a strong balance sheet characterized by low …
Heritage share delivers over 300% return in 18 months Read More »
Casein Prices December 2023 Product Category Region Price Casein Nutraceuticals USA 7759 USD/MT Casein Nutraceuticals Germany 6301 USD/MT The casein prices in the United States for Q4 2023 reached 7759 USD/MT in December. The product prices in the US steadily declined in the second half of 2023 due to increased milk production. The rise in …
The government is aiming to bring more dairy farmers in the unorganised sector under cooperatives model so that they get remunerative prices and quality products are made available in the market, Rajiv Ranjan (Lalan) Singh, minister for fisheries, animal husbandry and dairying on Tuesday said. “We are focussing on those states where dairy cooperatives have …
Cooperative model for dairy sector to get a boost Read More »
India’s milk industry struggles as the climate changes In a humid, late-July day this year, Chandan Singh went to milk his buffaloes, only to find five of them spewing foamy saliva. The village veterinarian diagnosed haemorrhagic septicaemia (HS), a bacterial disease also known as gala ghotu rog. Treatment cost around INR 15,000 (USD 179), which roughly equates …
India’s milk industry struggles as the climate changes Read More »
