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Newtrac Foods & Beverages standalone net profit declines 66.67% in the June 2026 quarter
Sales rise 64.55% to Rs 22.00 crore
Milky Mist Said To Launch $213 Million India IPO This Month
Parag Milk Foods Ltd. has fallen 20% this year, while Dodla Dairy Ltd. has declined about 11%.
Crax maker DFM Foods up for grabs as Advent scouts buyers
Advent International is negotiating to sell its majority stake in DFM Foods. Several consumer goods companies and private equity firms are in talks for this acquisition. The deal is expected to be finalized by December, according to executives. DFM Foods, maker of Crax snacks, reported significant sales growth recently. India's packaged snacks market is experiencing increased merger and acquisition activity.
Marico targets Rs 15,000 crore revenue in FY27, eyes Rs 20,000 crore by FY30 on premiumisation push
Marico aims for Rs 15,000 crore revenue by FY27 and Rs 20,000 crore by FY30. The company is focusing on premium products and expanding its digital-first brands. Its total addressable market is expected to triple by FY30. Marico's digital-first portfolio already generates over Rs 1,100 crore annually. The foods business crossed Rs 1,000 crore revenue in FY26.
Heritage Foods says 'Fresh Paneer' label is descriptive, responds to FSSAI notice
Heritage Foods responded to FSSAI's show-cause notice concerning its 'Fresh Paneer' product label. The company stated the term accurately describes the dairy product's inherent nature. It clarified that 'Fresh Paneer' refers to refrigerated consumption with a limited shelf life. Heritage Foods also addressed the 'Health and Happiness' slogan as a corporate philosophy. The dairy firm reaffirmed its commitment to food safety and regulatory compliance.
FSSAI notices to Lotte India, Ferns N Petals, Kubera Foods for misleading claims
Food regulator FSSAI has issued notices to three companies for labelling violations. Lotte India faced action for non-compliant labels and misleading vegetarian claims. Kubera Foods received a notice for false claims on its cream bun product. Ferns N Petals was also cited for misleading claims on its chocolate. These actions aim to protect consumer interests and ensure fair practices.
Stock To Watch Today: Tata Capital, Dilip Buildcon, Cochin Shipyard, Indian Overseas Bank, Heritage Foods
Knack Packaging will also be in focus as its shares make their debut on the exchanges.
FSSAI issues notice to Heritage Foods over 'Fresh Paneer' claims
Food regulator FSSAI has issued a notice to Heritage Foods Ltd concerning its 'Fresh Paneer' product. The authority cited misleading claims, stating the product doesn't meet 'Fresh' criteria and the term 'Healthy' in its trademark is also non-compliant. Heritage Foods has been given seven days to explain why action shouldn't be taken under the FSS Act, 2006, to protect consumers.
Not So Fresh? FSSAI Calls Out Heritage Foods Over Paneer Claims
Heritage Foods' used of the term 'fresh' for its panner was deemed misleading by the FSSAI.
India at cusp of 'snacking renaissance'; L Catterton bets on healthy snacking, branded foods
Expressing enthusiasm for India's rising consumption trends, L Catterton zeroes in on the healthy snacking and branded foods market. Having launched its first fund dedicated to India, the firm has made three key investments lately. Executive Chairman Sanjiv Mehta emphasizes the importance of transitioning from unbranded to branded products, predicting a resurgence in Indian snacking habits while calling for heightened investments in food innovation to cultivate globally recognized brands.
Dabur expects double-digit revenue, profit growth in Q1 as FMCG demand stays strong
Dabur India expects to report double-digit growth in consolidated revenue and profit for Q1 FY27, driven by near double-digit growth in its India FMCG business, high-teen expansion in international operations and strong momentum across foods, hair care and digital channels. Rural demand continued to outpace urban markets, while calibrated price hikes helped offset higher input costs.
Functional & Innovative Foods files DRHP with SEBI to raise funds via IPO
Functional & Innovative Foods Limited has filed its Draft Red Herring Prospectus for an IPO offering up to 85,00,000 equity shares. Proceeds will fund new manufacturing facilities, repay borrowings, and support its subsidiary, Christy Quality Foods.