
DSM Fresh Foods Ltd.
Sector: Fast Moving Consumer Goods
Industry Group: Food Products
Industry: Meat Products including Poultry
53.74+1.0 (+1.92%)
14 Oct, 12:00 AM
Stock News
DSM Fresh Foods Ltd. latest news covering earnings updates, regulatory announcements, analyst actions and market-moving events.
LiveMint
Drought, ethanol demand squeeze meat retailers as feed costs rise
DSM Fresh Foods Ltd, which sells meat through its Zappfresh brand, said procurement costs rose about 10% due to higher market rates for poultry feed driven by weak monsoon and competing demand, prompting it to raise chicken prices about 5% while absorbing the rest, resulting in a five-percentage-point decline in gross margin. The company said festive-period chicken order volumes rose about 5% year-on-year with stable consumer quantities and average order value, expects margin pressure to persist over the next 3-6 months, and believes it can pass on a further 10% increase without hurting demand.
11th Oct '26 1:30 am
Read full article on livemint.com