Page 2 - Dairy Companies

Cooler summer halts the dairy crisis, industry looks at a turnaround

What has caused this transformation and will it last? Milk industry veterans point to a couple of factors for this U-turn

Further dairy price hikes unlikely as companies cut procurement rates

Owing to a fall in demand, the procurement price of milk has been cut by Rs 3-5 per litre in Maharashtra, Punjab, Haryana and Uttar Pradesh

Shree Radhe Dairy eyes Rs 1,000 cr turnover by 2026, says founder Sukhadiya

Surat-based Shree Radhe Dairy is eyeing Rs 1,000 crore revenue by 2025-26, on the back of capacity expansion with an investment of Rs 70 crore, according to a top company official. "We have reached a turnover of Rs 100 crore for the fiscal year ended March 31, 2023, and are expecting to touch the Rs 1,000 crore mark by 2026. For this, we are expanding our ghee production capacity from the current 50,000 litre per day to 1 lakh litre per day. We have earmarked Rs 70 crore for this expansion," Shree Radhe Dairy founder and chairman Bhupat Sukhadiya told PTI on Monday. The company, which produces ghee, milk and butter milk under Vastu Dairy brand, is mainly focusing on ghee, 80 per cent cow and 20 per cent buffalo, he said, adding that the product is available in 25 states. "Our main focus is on production of ghee. For this, we procure milk from farmers from Gujarat, Maharashtra and Rajasthan," he said. Currently, Vastu Dairy is available through mom-and-pop-stores with a market share

Ease in margins seen from Q4 for dairy cos; stay stock selective: Analysts

Dairy stocks: Analysts see the benefits of price hikes to begin accruing from the March quarter onwards, while the financial year 2023-24 (FY24) will be a steady year for the industry's margins

Amul's utterly butterly supply melts; eateries switch to alternatives

Consumers across the country have reported a shortage of Amul butter in the market

Britannia Industries enters into a JV with French cheese maker Bel SA

It sells 49 per cent stake in Britannia Dairy for Rs 262 crore

Dairy industry revenue likely to witness 12-14% growth in FY23: Report

The strong revival of the hotels, restaurants and catering (HoReCa) segment and the increase in retail prices are likely to help the dairy industry achieve 12-14 per cent revenue growth this fiscal, according to a report. Indian dairy companies are estimated to achieve revenue growth of 12-14 per cent in FY23 on a year-on-year basis, backed by a strong revival in demand, especially the HoReCa segment and an increase in retail prices, Icra said in a report on Thursday. However, the operating profit margins are expected to contract by 120-160 bps on a year-on-year basis as the retail price hikes are expected to provide only partial support to the input cost pressures, it added. Icra expects the industry to maintain a stable credit profile, supported by a favourable demand outlook and moderate debt levels. Milk production yields in the first half (H1) of FY23 were hampered by the prevalence of Lumpy Skin Disease (LSD), notably among cows in the northern states. Although a successful

PM Modi to inaugurate World Dairy Summit on September 12 in Noida

The technical sessions will be presided over by union cabinet ministers

Organic dairy firm Akshayakalpa raises $15 million to expand across India

Akshayakalpa plans to invest in Bengaluru, Chennai, and Hyderabad markets, and expand into new geographies of Pune, Mumbai and Kochi

Dairy firms plagued with margin woes; pick value-added players: Analysts

Analysts are wary of companies majorly focused in the low-margin milk segment as they believe firms with a strong market share in value-added products (VAPs) are more likely to sustain in the industry

Amul bucked Covid blues, launched more than 100 products during lockdown

At a time when other food and beverage (F&B) brands took a hit during the lockdown, Amul was on a product-launching spree.

India's organised dairy industry to see 12% revenue growth in FY22: Report

Steady demand for both VAP and liquid milk is likely to lead to 5-6% growth next fiscal as well in line with the pre-pandemic trend: Crisil Ratings report

Dodla Dairy IPO: Should you subscribe to the issue?

The IPO, analysts said, is valued at 16.5 times FY21 earnings and looks reasonable compared with peers, although some concerns on the earnings growth front linger

Organised dairy to grow 5-6%, cross Rs 1.5 trillion in FY22: Crisil

Sector seen shrugging off pandemic impact of last fiscal with improved supply chain

Kwality net loss narrows to Rs 14.52 crore in September quarter

Debt-ridden dairy firm Kwality on Thursday reported narrowing of its consolidated net loss to Rs 14.52 crore for the September 2020 quarter.

Milk Mantra plans expansion, in talks to acquire dairy plant in Kolkata

At present, the company has two dairy plants at Puri and Sambalpur in Odisha with a processing capacity of 300,000 litres per day

Dairy decline

Milk farmers need support to deal with demand slump

Milk co-ops approach Centre for export sops to clear massive inventories

They say they may be forced to cut down on milk procurement price during the coming flush season starting in the next few months, if the support is not available

Milk Mantra raises $10 million from US-based DFC, gets tech package too

The dairy start-up has cumulatively raised Rs 300 crore, which will be largely invested in Odisha to empower local dairy farming community and create indirect jobs

Animal husbandry infra development fund to add 50% more dairy capacity

Utilisation of the fund will lead to employment generation for over three million people in the rural economy, says GCMMF chief