Dairy

Parag Milk Foods Q2 results: Net profit jumps 56% to ₹45 cr on higher sales

Parag Milk Foods Ltd reported 56.28 per cent surge in consolidated net profit to Rs 45.65 crore for the second quarter of the 2025-26 fiscal on higher sales. The company had clocked a net profit of Rs 29.21 crore in the same quarter previous fiscal, according to a regulatory filing. Total income rose 15.58 per cent to Rs 1,025.98 crore in the July-September quarter of the 2025-26 fiscal, from Rs 887.61 crore in the year-ago. Expenses remained higher at Rs 975.49 crore as against Rs 852.04 crore in the said period. The Pune-based dairy sells milk and milk-related products in the brand name such as Gowardhan, Go, Pride of Cows. Its subsidiary firm in Dubai incorporated during 2024-25 fiscal is yet to commence operation.

Dairy group Hatsun Agro targets 15% revenue growth after GST revamp

India, the world's largest milk producer, is in the midst of trade negotiations with Washington and the demand for opening up its dairy sector to US corporations has been a sore point

India-UK FTA: Over 95% Indian farm exports to get duty-free market access

India's FTA with the UK boosts agri and food exports with 95% items duty-free, while protecting dairy, oils, and apples. Farmers, seafood, and processed goods sectors set to gain significantly

Dodla Dairy acquires Osam Dairy for ₹271 crore to expand into eastern India

South India-based Dodla Dairy on Friday announced the acquisition of eastern India's premium dairy brand Osam Dairy for Rs 271 crore, marking a significant expansion into the high-growth eastern market. The 100 per cent acquisition of Osam Dairy represents one of the first large-scale deals in eastern India's dairy sector and underscores the region's potential to attract institutional capital, the companies said in a joint statement. "We are thrilled to announce the proposed acquisition of Osam, marking a significant milestone in Dodla's journey. This strategic move underscores our commitment to becoming a pan-India dairy company," Dodla Dairy Managing Director Dodla Sunil Reddy said. He said eastern India is an exciting market for the dairy industry with faster growth compared to the national average, supported by high urbanisation potential and strong GDP growth. The transaction marks an exit for Osam Dairy's promoters Abhinav Shah and Harsh Thakkar, along with private equity ..

Nepal to consider request to import specific dairy products from India

India has flagged concerns over the problems faced by its milk exporters in Nepal, with the neighbouring country agreeing to explore the possibility of facilitating imports of specific products like whey and cheese, an official statement said on Sunday. The matter came up for discussions during the meeting of the India-Nepal Inter-Governmental Committee (IGC) on Trade, Transit, and Cooperation to Combat Unauthorised Trade, which was held in Kathmandu from January 10-11. "The Indian side highlighted the problems faced in milk exports to Nepal. The Nepali side agreed to consider the request of the Indian side positively for milk products not adequately produced in Nepal such as whey and cheese," the commerce ministry said. The two sides have also discussed a review of the Treaty of Transit and the Treaty of Trade and proposed amendments of the existing agreements, harmonisation of standards and the development of trade infrastructure, including the electrification of the Raxaul-Birgun

Shah to inaugurate 10K new PACS, dairy, and fisheries cooperative societies

The launch of the National Cooperative Database (NCD) was a milestone in the cooperative sector

Four of a family killed as fire breaks out at dairy shop in Madhya Pradesh

Four people, including two children, died in a fire that broke out in a house in the Nayanpur area of Dewas in Madhya Pradesh, an official said.

Karnataka's Nandini enters North Indian pastures to challenge dairy titans

To launch in Delhi on Thursday; to compete with Amul and Mother Dairy

Dairy-tech startup Stellapps raises $26 million in series C funding

Stellapps' dairy-tech is deployed in over 42,000 villages, enabling the movement of more than 14 million litres of milk every day

Dairy sensitive sector, no plans to give duty concessions under FTA: Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday said dairy is a sensitive sector in India as it involves livelihood issues of small farmers and there are no plans to give duty concessions under any Free Trade Agreement (FTA) in this area. He said India has not given any duty concessions in the dairy sector even to Switzerland and Norway under the EFTA (European Free Trade Association) trade pact, which was signed in March. With Australia also, he said, the sector was discussed but India clearly conveyed the sensitivities involved in this area. "Our average holding with the farmer is small. It is 2-3 acre farm with 3-4 livestock whereas Australia's farm and dairy farms are both very large and it would be near impossible for these large and small farms to compete with each other on a common footing. "We had discussed this issue even three years ago and on earlier occasions also, and dairy is such a sensitive sector that in any of our FTAs across the world, we have not been a

Dairy industry to witness 13-14% revenue growth this year on strong demand

India's dairy industry is expected to witness healthy revenue growth of 13-14 per cent this financial year, as strong consumer demand continues along with improved supply of raw milk, a report said on Wednesday. While demand will be supported by rising consumption of value added products (VAP), ample milk supply will be driven by good monsoon prospects, Crisil Ratings said in a report. Rise in raw milk supply will also lead to higher working capital requirements for dairy players, the report noted. Though continued capital expenditure (capex) by organised dairies over the next two fiscals will result in debt levels inching up, the credit profiles will be stable supported by strong balance sheets. "Amidst modest growth of 2-4 per cent in realisation, the dairy industry's revenues are seen rising on healthy 9-11 per cent growth in volumes. VAP segment - 40 per cent contributor to the industry revenues - will be the primary driver, fueled by rising income levels and consumer transitio

Eight-week vegan diet can reduce biological age, weight, a new study finds

A study conducted on 21 pairs of identical twins found that those who consume vegan diets experienced a "younger" heart, liver, hormone, and other organs

Purabi Dairy inks pact with Assam to run 5,000 litre daily capacity plant

West Assam Milk Producers' Co-operative Union Ltd (WAMUL), known under the brand Purabi Dairy, on Sunday said it has joined hands with the Assam government to operate a 5,000-litre daily capacity plant in Dhemaji district. Purabi Dairy has signed a Memorandum of Understanding (MoU) with the Directorate of Dairy Development (DoDD), enabling WAMUL to operate the DoDD's 5,000-litre per day capacity dairy plant at Dhemaji, the company said in a statement. The tie-up is also expected to provide significant income opportunities to farmers by opening new markets and offering comprehensive training and growth opportunities, it added. Commenting on the development, WAMUL Managing Director Sameer Kr Parida said: "This MoU is a significant step towards enhancing the dairy sector in upper Assam. By operating the Dhemaji dairy plant, we will increase the availability of Purabi milk and milk products in the region." The operations at the Dhemaji dairy plant are set to commence soon, providing a

Nandini milk price up by Rs 2 from June 26, quantity enhanced by 50 ml

The Karnataka Milk Federation (KMF) on Tuesday announced a hike in milk prices with effect from June 26, but it also said it would be enhancing the quantity of milk in its half and one litre packets by 50 ml. This comes days after the Karnataka government hiked sales tax on fuel, following which petrol prices have gone up by Rs 3 per litre and diesel by Rs 3.5 per litre in the state. "As it is the current harvest season, the storage of milk in all district milk unions is increasing every day and the current storage is close to one crore litres. In this background, the price of each packet is being increased by Rs 2 with an additional 50 ml of milk being given to the consumers only for each half liter (500ML) and one liter (1000ML) packets," KMF said in a statement. Currently, the 500 ml toned milk packet of Nandini costs Rs 22. With this hike, the 550 ml packet will now cost Rs 24. Similarly, the 1000 ml (1 litre) packet was priced at Rs 42 and will now be sold as 1,050 ml at Rs ...

Two dozen companies working to find bird flu vaccine for cows: US agri secy

Bird flu has infected 90 dairy herds across 12 states since late March, according to the US Department of Agriculture (USDA). Three dairy farm workers also have been infected with the virus

Govt plans to enlist dairy, fishery co-operatives in rural banking outreach

The government is planning to launch a nationwide programme to rope in dairy and fishery cooperative societies as banking correspondents to expand financial services in rural areas, a top official said on Wednesday. Ministry of Cooperation Secretary Ashish Kumar Bhutani said the programme would leverage the existing network of dairy and fishery cooperatives to act as "bank mitras" or banking agents by offering services such as micro-ATMs and lower-interest farm loans. "The pilot has been rolled out at the state level in Gujarat. We intend to nationally roll out shortly," Bhutani said while addressing a cooperative summit organised by PHDCCI here. The plan follows a pilot project launched in two districts of Gujarat where members of dairy and fishery cooperatives were able to access banking services closer home, including doorstep delivery of microloans and facilitating other transactions. Under the nationwide programme, these cooperative societies will be engaged as banking ...

Delhi HC directs action against use of oxytocin in dairy colonies

The Delhi High Court has directed authorities to take action against the spurious use of oxytocin in dairy colonies here, saying the administration of the hormone amounts to animal cruelty and is an offence. A bench headed by Acting Chief Justice Manmohan Court asked the Delhi government's department of drugs control to conduct weekly inspections and register cases which will be investigated by the police. The court further asked the Intelligence Department of Delhi Police to identify the sources of oxytocin production, packaging and distribution and take action in accordance with law. The court's order came on a petition by Sunayana Sibal and others concerning the state of dairies in the national capital. The bench, also comprising Justice Manmeet PS Arora, recorded that one of the issues flagged by the court commissioner was the "rampant use" of oxytocin to force milk let-down and to increase production of milk in the cattle. "Since administering of oxytocin amounts to animal ..

Amul's golden jubilee: Modi calls for making it biggest dairy firm globally

A co-operative which started in FY1973-74, already saw its revenue at Rs 72,000 crore in FY23 and exports its products to more than 50 countries

Akshayakalpa Organic announces new, modern dairy facility near Chennai

The facility is equipped with modern-day technology and has an impressive installed capacity of processing 40,000 litres of high-quality organic dairy products daily

Bengal govt to build Rs 65 cr greenfield modern dairy project at Haringhata

The West Bengal government will build a greenfield modern dairy project worth Rs 65.48 crore at Haringhata in Nadia district, the first since 1970s. Ice Make Refrigeration Limited has received the turnkey contract from West Bengal Livestock Development Corporation Limited (WBLDCL), which is the executing agency for Banglar Dairy Ltd, owned by the state government's animal resources department. "This will be a modern dairy project with a processing capacity of 1.5 lakh litres of milk, but in the first phase, it will be one lakh litres a day. It will process fresh milk and value-added milk products. This fresh public sector dairy project is coming up after decades, since the 1970s," WBLDCL managing director Gouri Shankar Koner told PTI. "Commercial production is expected by September 2024," he said. Under this contract, Ice Make will be responsible for the project, which includes the design, supply, installation, and commissioning of civil, mechanical, and electrical work for 1.0 LLP