Two-decade-antique dairy merchandise producer Dumont with ice cream and frozen dessert manufacturing centers close to Vijayawada, wants to make its production and cold storage infrastructure bigger by setting up a new ice cream-making facility in Hyderabad. Currently catering to the B2B section for frozen dessert merchandise under brands like Dairy Treat, Dairy Nuts, and Dairy Fudge, Dumont will release its ice cream merchandise nationally on Friday. It’s dealing with director Vivek Inampudi.
Addressing newshounds in Hyderabad on Thursday, he said Dumont has spent over Rs three crore on Research and Development to expand specific and rare flavors for its ice cream merchandise unavailable in the Indian ice cream enterprise. “Some of those precise flavors include Blueberry Cheesecake, Caramelised Pineapple, Choco Orange, Maple & Raisins, Kheer, and Thai Tea, amongst 34 flavors we evolved.”Dumont, which procures farm clean milk from the countryside and results and elements from real sources worldwide, now has a production facility to provide 1,900 liters of ice cream an hour near Vijayawada.
It has ten bloodless storages spread throughout Andhra Pradesh, Telangana, and Karnataka, aside from 25 bloodless storage cars to distribute its products – both ice cream and milkshake destinations across South India. The ice cream production facility at Hyderabad could have a manufacturing capability of around 3,000 liters an hour, involving over Rs 15 crore in funding, said Vivek.
The agency will, in general, recognition on South India and Maharashtra markets with a target to install two hundred stores over the subsequent three years with an annual income goal of around Rs one hundred twenty crores, he stated. The agency is presently earning over Rs 25 crore a yr via the sale of frozen wilderness merchandise.
He stated that India’s organized flavored milk and ice cream marketplace is presently anticipated at around Rs 6,000 crore with an envisioned annual increase of around 30%. Beginning its ice cream and flavored milk operations via 20 retailers, Dumont is looking at reaching a size of about a hundred outlets by subsequent year-end and two hundred retailers over three years, wherein almost 30% of shops will be owned and the stability thru franchise route.
Brokerages cut Wipro fee goal as topline disappoints
Wipro’s shares gained 3.6 consistent cents to Rs 269.15 on Thursday after the company posted a 12.5 compatible cent growth in consolidated net profit for the June zone. However, brokerages reduce price goals on the employer by 2-10 according to cent as topline disillusioned.
“Wipro’s Q1 upset especially on topline wherein it reported a QoQ decline of 1.2 percent (steady forex) vs. an expectation of flat revenue. Q2 (July-September) boom steering changed into also tepid at zero-2 percent regardless of low Q1 base,” said Jefferies, while slicing target fee with the aid of 8.2 consistent with cent to Rs 225 and keeping ‘underperform’ score.
According to the cent, Citigroup Global Markets, Morgan Stanley, Investec, Nomura, and Prabhudas Lilladher reduce target prices via 1.6-6. Morgan Stanley said the stock may languish at a lower fee-to-earnings several times. “Q1 had weaker IT services sales and EBIT. Revenue boom guidance of 0-2 percent for Q2 is softer than expected, and management is watchful of world macro softness,” stated Morgan Stanley. “With boom decrease than peers, we see the inventory languishing at a decrease P/E multiple,” said Morgan Stanley.