Food News
Biryani boom drives surge in basmati rice demand across India
Basmati rice demand has surged as biryani becomes a popular fast food in India, driven by online food delivery services. LT Foods reports 24% growth in institutional business, with biryani orders leading on platforms like Swiggy and Zomato, reflecting a shift in consumer habits.
5 min read06:15 AM ISTSarveshwar Foods stock soars another 10%, up 37% in 4 days: What’s fueling this penny stock?
The recent rally in Sarveshwar Foods stock is attributed to the company’s announcement of new strategic partnerships with non-banking financial companies (NBFCs). This move is designed to enhance financial support for farmers, who are a crucial part of the company’s supply chain.
2 min read10 Sep 2024Bikaji Foods, Gopal Snacks, Prataap Snacks shares jump up to 10% after GST cut on namkeen
Bikaji Foods share price gained as much as 7.76%, while Gopal Snacks share price jumped 10% and Prataap Snacks shares surged 8.05%.
1 min read10 Sep 2024Domino’s to Wow! Momo roll out in-store offers as deliveries gobble up footfalls
QSR chains try to lure customers back to stores as they grapple with a drop in dine-in sales and consumers cutting back on discretionary spending
4 min read5 Sep 2024IPO-bound Rebel Foods’ losses shrink to ₹378 crore in FY24
Rebel Foods doubled down on its omni-channel cloud kitchen approach last fiscal and aims to break even soon.
1 min read30 Aug 2024Bikaji says ‘not for sale’ amid investor interest in Indian snacks market
Bikaji Foods, majority-owned founder Shiv Ratan Agarwal, is not for sale and plans to grow through acquisitions, rejecting any buyout offers.
1 min read28 Aug 2024Patanjali Foods share price surges over 25% in three months; ’deploy buy on dips’ suggests analyst
Patanjali Foods share price have surged over 25% in three months, with Systematix Institutional Equities giving a ’BUY’ rating and a target price of ₹2,259. The brokerage expects revenue to exceed ₹40,000 crore by FY27, with the FMCG business contributing significantly.
2 min read20 Aug 2024Paddy, pulses and oilseeds push kharif crop cultivation area to 979.89 hectares, an increase of 1.4%
The area under crop cultivation is 89.4% of the normal sown acreage and comes after better monsoon rains during the past fortnight.
2 min read12 Aug 2024Jubilant FoodWorks stock zooms 9% to hit 31-month high on solid Q1 numbers; is it time to buy?
Jubilant FoodWorks’ Q1 FY2025 showed a 9.9% revenue growth to ₹1,440 crore, though EBITDA margins fell. Domino’s India reported 3% LFL growth and saw record-high app usage. The company plans to add 180 Domino’s stores and 20–25 Hong’s Kitchen stores in India.
3 min read12 Aug 2024Mrs Bectors Food shines as green shoots of rural demand emerge
Mrs. Bectors’ success story lies in premiumization strategy, strong branding, and expanding distribution network. The company’s revenue growth and focus on B2B segment indicate a positive outlook for future growth and market share expansion
6 min read9 Aug 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared