India’s food service market is growing at a CAGR rate of 11.19 per cent, and if you look at chain QSRs, the highest growing segment is at 23 per cent CAGR. The deep penetration of large MNC brands like Macdonald, Domino, and KFC can majorly drive this. But home-grown brands have also taken an aggressive […]
Palate Fest 2023, the original and largest culinary festival in the Indian subcontinent, was hosted on the 4th and 5th of February 2023 in partnership with Mirchi Live. The two-day food festival was designed to satisfy discriminating palates of all ages with a variety of gastronomical delights. The new venue was selected at Aerocity, to […]
Food Corporation of India offered 22.0 lakh tonne of wheat out of 25 lakh tonne earmarked in the first e-auction through the open market sale that took place during Wednesday-Thursday. Of which, a quantity of 9.2 lakh tonne was sold across the country, according to a government release on Friday. In the e-auction, more than […]
Anand Milk Union Limited (AMUL) aims to double the income of farmers in the next four years by producing a dairy herd which is genetically superior and proven, and fit to produce double the quantity of milk at the same cost. Amit Vyas, Managing Director of Amul Dairy, said that they are improving breeds of […]
The Gujarat Cooperative Milk Marketing Federation (GCMMF), has hiked the prices of Amul pouch milk by Rs 3 per litre across all variants. “We would like to inform you that the price of Amul pouch milk (all variants) has been revised upwards as under w.e.f. February 2, 2023 night dispatch (February 3, 2023 morning),” the […]
Dabur India’s consolidated net profit fell 5.4 per cent year on year (YoY) to Rs 476 crore in the September-December period. This compares to a net profit of Rs 504.35 crore declared a year earlier, according to the company’s regulatory filing. The company’s sales increased significantly by 3.4 per cent to Rs 3,043.2 crore, the […]
Britannia Industries on Wednesday reported a 60 per cent year-on-year (YoY) increase in consolidated net profit at Rs 932.40 crore for the third quarter ended on 31 December, compared to the same quarter last year at Rs 369.18 crore. Company’s consolidated sales grew 16 per cent to Rs. 4,101 crore for the quarter gone by, […]
INOX Leisure fell 1.21 per cent to Rs 495.55 after reporting a consolidated net loss of Rs 40.41 crore in Q3 FY23, compared to a loss of Rs 1.32 crore in Q3 FY22. The multiplex chain operator increased its income from operations by 73.9 per cent to Rs 515.57 crore in Q3 FY23, compared to […]
One of the leading beverages firm Wild Drum has launched its new collection of hard seltzer drinks. These carbonated drinks are vegan, gluten-free, low-calorie, fat-free, and with no preservatives and are available in four delectable flavours-Pure, Peach, Mango, and Lemon-Mint It has two different strengths of 4.75 per cent ABV and 8 per cent ABV. […]
Bikaji Foods International recorded a Profit After Tax (PAT) of Rs.3,169.39 lakh for the fiscal year (FY) 2023’s third quarter (Q3). The PAT margin grew to 6.2 per cent in Q3 FY22, up from 2.4 per cent in Q3 FY22. “Taking the lead from the previous quarter, we have seen an increase in our revenue […]
