India’s Britannia Industries Ltd, a dairy and bakery supplier, has reported consolidated third quarter revenue growth of 10%, and 12% for the year up to December 31, 2015, at $325.4m (Rs. 2,224 crores) and $939m (Rs. 6,417 crores) respectively.
DuPont is reaping the benefit of its €5bn 2011 acquisition of Danish probiotics and enzymes giant Danisco, with its nutrition and health division showing 23% profit growth in a “sluggish” world market.
Core activity profit fell 30% in 2012 at Swedish probiotics supplier BioGaia – although a cash-rich, five-year licensing deal with Nestlé kept overall figures high even as that very deal simultaneously destroyed margins in its cultures business.
This week, Wimm-Bill-Dann posts strong half-year growth on the back of across-the-board sales improvements, Fonterra is reportedly considering increasing yoghurt production and Dairy Farmers records a profitable 2008.
The global commodity market continues to worry confectionery and
sugar firms, as AB Foods profit is dented by sugar reforms, Nestle
combats costs with price hikes, and Cadbury may be ripe for
Swiss processing and packaging equipment provider SIG has reported a
significant increase in its net profits for the first half of the
year, a result that sees the company pulling itself out of the red.
The improvement came despite...