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Dairy Sector
For the next six months, we will have a portfolio of various categories, says Manish Bandlish
59% stuck to their preferred brands, 19% cut down on consumption; 16% moved to cheaper alternatives of the same brand; a small number bought local milk or completely stopped consumption
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
Consumers across the country have reported a shortage of Amul butter in the market
Prime Minister Narendra Modi on Monday expressed happiness over the growth in milk production in the last eight years, and said a vibrant dairy sector is also a great way to further strengthen our "Nari Shakti (women power)". His remarks came in response to a tweet by Union minister for fisheries, animal husbandry and dairying Parshottam Rupala, who said there had been a "monumental growth" in milk production in the last eight years. "It increased 83 MT in just 8yrs under visionary leadership of PM Shri Narendra Modi ji. Earlier in 63 yrs it increased only 121MT," he said. Tagging the minister's tweet, Modi said, "This is particularly gladdening. A vibrant dairy sector is also a great way to further strengthen our Nari Shakti." "May the dairy sector grow even more in the coming times," the prime minister added.
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
What is Pashu Aadhaar and how to apply for it? Here's all you need to know
On the impact of LSD on the country's milk production, Balyan said there will be a minimal impact on annual milk production, if any.
The size of the Indian dairy market is estimated to jump over two fold to Rs 30 lakh crore by 2027, driven by growth in both volume and value terms, NDDB Chairman Meenesh Shah said on Tuesday. He also asserted that the government is not "insensitive" and it will protect the interest of 8 crore dairy farmers while signing free trade agreements (FTAs) with other countries. Shah said the size of Indian dairy market stood at Rs 13 trillion in 2021 and it is expected to reach Rs 30 trillion by 2027. The growth would come from increase in production of milk and other dairy products as well as value appreciation, he added. Shah, the chairman of National Dairy Development Board (NDDB), was addressing a press conference at the International Dairy Federation World Dairy Summit (IDF WDS) 2022, being organised at the India Expo Centre and Mart here during September 12-15. When asked about the impact on dairy sector from proposed FTAs with many countries including the UK, Shah said about 8 cro
Says indigenous vaccine and movement of animals being stopped to control the spread of LSD
The technical sessions will be presided over by union cabinet ministers
Cattle are being vaccinated swiftly as the disease breaks out of its initial holds of Rajasthan and Gujarat and starts infecting buffaloes too
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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
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
After a two-year recess due to the Covid-19 pandemic, the 2022 edition of the Summit will be held in person from September 12-15, the IDF announced
Minister of State of Fisheries, Animal Husbandry and Dairying Sanjeev Kumar Balyan on Monday asked the poultry industry to focus on research for reducing import dependence on vaccines and feed additives. Addressing a CII conference, Balyan recommended the reconstitution of the poultry advisory committee for connecting all stakeholders. He also urged the industry to focus on integration of small farmers for a vibrant and sustainable poultry sector, CII said in a statement. Balyan asked the industry to focus on R&D towards offsetting import dependence for vaccines and feed additives. The Union Budget (2022-23) has allocated Rs 6,407 crore for the ministry, which is an increase of 44 per cent from the 2021-22 allocation. Atul Chaturvedi, Secretary, Department of Animal Husbandry & Dairying, Ministry of Fisheries, Animal Husbandry & Dairying, said the industry needs to come up with effective and sustainable solutions towards making our products competitive such that we not ...
Dodla Dairy Ltd on Saturday said it has acquired Karnataka-based Sri Krishna Milks Pvt Ltd for Rs 50 crore to expand its business. In a regulatory filing, Dodla Dairy informed that the company has executed an agreement with Sri Krishna Milks Pvt Ltd for the acquisition of business as a "going concern" and on a slump purchase basis for consideration of Rs 50 crore. The deal is expected to be concluded in around two months from the date of the acquisition. The consideration would be in the form of cash. Krishna Milks Pvt Ltd (SKMPL), incorporated in 1989, was the first private sector dairy company in Karnataka. SKMPL is mainly into procuring milk, manufacturing, and selling dairy products. Its turnover in 2020-21 was Rs 67.27 crore.
Future Consumer, a part of Kishore Biyani-led Future Group, on Thursday said it has decided to terminate a joint venture pact with New Zealand's dairy firm Fonterra.
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