The milk portfolio accounts for a little over 70 per cent of its annual earnings but its contribution to overall sales is poised to fall to around 60 per cent by 2018-19 as sales of its value added dairy products pick up
Mother Dairy said that they have increased farm prices by about Rs 2.5 – Rs 3 a kg over July and compared to last year the prices are up by Rs 5 - Rs 6 a kg.
Sales are increasing by more than 25 per cent in rural India, where increasing farm gate prices of cereals and vegetables are helping broaden the consumer base.
Kwality Ltd, a reputed dairy firm recently signed an agreement with Bank of Baroda for providing Rs 4,000 crore loans to the former's one lakh farmers.
Non-milking cattle goes to slaughter house, which is not the case in India. So it's a big challenge for global dairy companies that want to enter the Indian market.
The company has adopted a unique model being used for first time in India called ‘Raftar’ which directly delivers fresh Dahi in chilled vans to 10,000 local grocery shops.
The Kolkata-based company will make the proposed investment in the short term on manufacturing capacity, marketing and brand building and distribution expenses.
Hassad Food, owned by Qatar Investment Authority has alleged that it invested around Rs 750 crore in Bush Foods in April 2013 for 69.5 per cent stake based on false financial statements and nonexistent inventory.