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Heritage Foods: What lies ahead after a soft quarter?

Heritage Foods: What lies ahead after a soft quarter? - Dairy News 7X7

Highlights Higher raw milk prices impacted the performance Value-added products saw higher growth The March 23 quarter performance also likely to be impacted Investors with a longer-term view can add and accumulate on declines The December ’22 quarter results of Heritage Foods (HFL; CMP: Rs171) were below expectations. Companies in the dairy segment continued to remain impacted […]

Women-led firms launch value-added products

Women-led firms launch value-added products - Dairy News 7X7

The International Dairy Federation (IDF)’s World Dairy Summit 2022 on Wednesday saw women-centric milk producer companies (MPCs) launching their products in presence of global majors. The MPCs owned by farmers are set to triple their milk procurement to reach value of more than ₹18,000 crore from the current ₹5,575 crore in the next five years. […]

Consecutive double-digit revenue growth for dairies this fiscal

Consecutive double-digit revenue growth for dairies this fiscal - Dairy News 7X7

Rising procurement prices to curb profitability; credit quality outlook remains ‘Stable’ Revenue of the organised dairy sector in India is set for the second straight fiscal of double-digit growth – at 11-12%, a notch below last fiscal’s 13% growth. This will be driven by healthy demand for value-added products (VAP; 28% of overall sales), even […]

Consecutive double-digit revenue growth for dairies this fiscal

Consecutive double-digit revenue growth for dairies this fiscal - Dairy News 7X7

Rising procurement prices to curb profitability; credit quality outlook remains ‘Stable’ Revenue of the organised dairy sector in India is set for the second straight fiscal of double-digit growth – at 11-12%, a notch below last fiscal’s 13% growth. This will be driven by healthy demand for value-added products (VAP; 28% of overall sales), even […]