Dodla , Heritage , Parag : Why is Investec bullish on dairy sector?
The Indian dairy sector, which has experienced several obstacles in the last three years, such as demand disruptions due to the COVID-19 pandemic and milk shortages that led to a sharp increase in prices, is finally moving past the tough stretch and offers an opportunity for investors to tap into the rising discretionary consumption in […]
Flush season ahead for these three dairy stocks say analysts
Source: IANS Dairy demand is seeing an uptick as procurement prices are coming down, leading to margin expansion, say analysts. As spending power increases, demand for other value added products like ice creams, paneer, cheese and whey are growing. Arihant Capital says that there is huge upside in stocks like Parag Milk Foods, Dodla Dairy […]
45% rise in milk production in Tamil Nadu in last 10 years
Milk production rose 45% over the past decade in Tamil Nadu, with the number of milch cows also rising 12%. On the market front, Tamil Nadu’s ecosystem allows private players to thrive unlike some states where the cooperative federations have a monopoly. The Tamil Nadu Co-operative Milk Producers’ Federation Limited, popularly known as ‘Aavin’, and private dairies […]
Dairy stocks sizzle as temperatures soar. Time to milk gains?
Concerns over milk shortages amid soaring temperatures, when peak summer demand has just started to kick in, have given a fillip to dairy stocks over the last one month. Shares of Heritage Foods have rallied 23% while those of Parag Milk are up 10% in anticipation of further price hikes, which could boost the margins […]
Dairy stocks rally up to 7% in volatile market; here’s why
Shares of dairy companies such as Umang Dairies, Parag Milk Foods, Dodla Dairy, Heritage Foods, and Hatsun Agro surged up to 7% on Tuesday after Mother Dairy hiked milk prices. Mother Dairy, one of the major suppliers of milk in Delhi-NCR, has increased milk prices by ₹2 per litre, effective from today, citing a rise in […]
Is it time to sell dairy stocks?
Dairy companies continued to disappoint investors with dismal profits in the recently concluded quarter as high input costs eroded the sector’s margins. Find out the likely trajectory for the sector The opening up of the economy had helped dairy companies log strong revenue growth in the April-June quarter. But the long-standing pressure on their profitability […]
