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 […]
Hatsun Agro Proudly Announces Growth in Milk Procurement
Hatsun Agro, a leading player in the dairy industry and Chairman R G Chandramogan, proudly announces a significant surge in milk procurement, ensuring a robust and stable supply for the coming months. In response to last year’s challenges, the company has undertaken strategic measures to overcome supply shortages and inflated purchase prices. Following a meticulous […]
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 […]
Amul Versus Aavin: It’s a fear of the unknown- Chandramogan
“Maybe it’s a fear of the unknown,” says RG Chandramogan, Chairman of India’s largest private dairy company, Hatsun Agro Product Ltd, on the recent pushback again alleged attempts by Gujarat-based cooperative Amul to procure milk in Karnataka and Tamil Nadu. Local brands Aavin and Nandini are strong in Tamil Nadu and Karnataka, respectively. While it […]
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 […]
India’s largest ice cream plant set up in Telangana by Hatsun Agro
Ice cream lovers across the country now have one big reason to head to Telangana. The State now has the country’s largest ice cream manufacturing unit, and that too, operated by one of the most popular names in India. The mega ice cream plant became a reality with the commissioning of a seven tonne per day […]
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 […]
Hatsun to increase milk collection in AP, Telangana and Maharashtra
Hatsun Agro Product Ltd.(HAP), a leading private sector dairy company in India with brands ‘Arokya’, ‘Hatsun’, ‘Arun Icecreams’, has announced its plans to expand procurement in Andhra Pradesh, Telangana and Maharashtra. HAP has over 3,100 milk collection centres which benefit farmers across various villages in the three States. HAP plans to aggressively expand this network […]
DAIRY NEWS Top dairy industry stock picks as per ICICI securities report
ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in June’22, wholesale milk prices jumped 5.8 per cent year on year in India. ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in […]
