Jubilant Foodworks has recorded an impressive 47.1 per cent growth in sales to Rs 240 crore in the second quarter of the year.

Sales grew 53 per cent to Rs 457 crore in the first half of eh financial year. It's profit after tax was recorded at a modest Rs 23.67 crore for the largest and fastest growing food services company in the country.

After improving his bid for Northern Food, main chicken supplier of Tesco, Ranjit Boparan, is now going to takeover the company. Northern Food is the company that is into the making of Goodfellas pizza and the total money that it is going to receive is £342 million.

Interestingly, the bid was accepted just 5 minutes before the deadline set by the City's Takeover Panel expired.

Kigali (Rwanda), Dec 18 - An Indian company has signed a pact with the Rwanda Development Board (RDB) to invest $250 million for a knowledge hub and an integrated food park in this East African country, once associated with its fratricidal conflict that claimed nearly a million lives.

Shimla, Dec 17 - Food and beverage company Parle Agro will buy 300 tonnes of apple juice concentrate from the state-run Himachal Pradesh Horticultural Produce Marketing and Processing Corp (HPMC), a minister said here Friday.

The apple concentrate is used for fruit juices, nectars and drinks.

"Parle Agro has placed an order for procurement of 300 tonnes of apple juice concentrate. It's one of the major orders with HPMC," Horticulture Minister Narender Bragta told IANS.

One of India's leading biscuit maker, Britannia Industries has announced that it will increase the price of its biscuits. This, said the company, is being done since it wants to release the pressure that its margins have been facing due to hike in raw material costs.

It said that the topline this year has shown an increase of 10 per cent but despite this the profits fell by 30 per cent. High inflationary pressures, which have been in the double digits, are the prices. It did not pass the burden to the consumers till now since it did not want them to face the brunt.

The company Himalaya International has made an announcement on Monday saying it has entered in the nutraceuticals and dietary supplements market located in the South with a launch of nutritional supplements under the selected brand name of '1 Daily'.

Himalaya International has entered Bangalore with a booty which includes four health products for men as well as women. The company has also got plans to cover all the important Indian cities in the southern States in a very phased and well planned manner.

Trying to grab the opportunities that the food business provides, Tata Global Beverages Ltd (TGB) is now looking to enter this segment. Said Tata Group's Chairman, Ratan Tata that he would want to address the nutritional and lifestyle challenges.

He made this statement during the annual general meeting of the group. TGB, had been involved with the business of plantation and later on formed tie-ups to be able to sell its health-related beverages; a segment that it had jumped into.

Smucker Co has declared its June quarter financial results for the fiscal year 2010-11. According to the report, there has been a reasonable hike in its net income of the company.

Smucker has informed that it has managed to receive earnings of $102.9 million or 86 cents per share for the quarter that ended in 30th June, 2010. The company has registered earnings of $98.1 million or 83 cents per share in the similar quarter in the previous financial year.

Amul has seen a significant growth in its total turnover in the fiscal year of 2009-10. Amul is the popular brand of Gujarat Co-operative Milk Marketing Federation (GCMMF) and all the diary product of the company is being marketed under this name only.

Gujarat Co-operative Milk Marketing Federation has announced that there has been a growth of 19.3% in the turnover of the firm in the 2009-10 financial year against its corresponding quarter last year.

The turnover of GCMMF has been recorded Rs 8,005 crore in the year under review. The company has posted a turnover of Rs 6,711 crore in 2008-09.

Initially there was the legend, on Monday, that the almost immediately to be dissect Food Standards Agency had guarantee to immediately inspect proposition that a British dairy farmer was selling milk from cloned animals.

Then yesterday, along with asserts that up to 100 cattle had been reproducing from clones on British farms, the identical group exposed that the law leading the sale of clone- resultant meat had been busted previous year.

Britain's biggest food producer Premier Foods recorded a lower profit on supplementary pension and reformation costs, however expressed that it was on line to churn out its beleaguered cash flow for 2010, waving up its shares by 9 percent.

The FTSE-250 group that had been weighed down by heavy debts mainly due to few of its achievement curtailed its debt heap by 110 million pounds to 1.37 billion pounds.

According to Evolution Securities analyst Warren Ackerman the fact that Premier is conveying on its aim to churn out approx 100 million pounds of free cash flow is a positive.

The yearly food inflation came down to 12.47 per cent for the week ended on July 10 as compared to previous week’s 12.81 per cent. There has been a decline in the prices of vegetables, especially of potato and onion. The price of potato has come down by more than 45 per cent over the year, while the price of onion has come down by almost 8 per cent. The overall prices of vegetables have come down by 9.92 per cent.

It would sue U.S. fast-food giant McDonald's for handing out toys with Happy Meals, the Center for Science in the Public Interest said on Tuesday.

The toys unfairly "lure small children into McDonald's" in a marketing ploy that is "illegal under various state consumer protection laws," CSPI has said.

CSPI, defining itself as a nutrition watchdog group, said it informed McDonald's Tuesday of its intention to file suit.

According to poultry industry expects, the consumption of chicken is expected to get doubled by 2014. The chicken consumption in India is now 3 Kg per head a year. It is expected to get doubled in the next five years.

According to experts, these days the food habits of the Indians have changed a lot. There has been number of quick service restaurant chains mushrooming across the country. At the same time, the consumption profile of Indians has also changed quite a lot with the eating-out phenomenon.

McDonald's Corporation said that it has seen its sales figures rise by 4.8 per cent in the month of May. This trend, said the company, was visible in the same stores across the world and this has exceeded the views of the analysts.

But despite this, the food chain giant has said that the weakening euro along with fluctuations in the foreign exchange rates is going to weigh on the earnings of the company, this year.

Not for the second quarter, though since the contribution of the euro zone is just about 25 per cent of the total operating income of McDonald's.

The Indian Institute of Crop Processing Technology (IICPT) and the Canadian University, University of Saskatchewa have come together and signed a Memorandum of Understanding (MoU), for working for the food processing sector.

The two shall work in partnership in the field of research and development. Training the students is also a part of the deal. Faculty and student exchange programs will also take place between the two varsities.

Britannia Industries has posted a net profit of Rs 116.5 crore for the quarter that ended on 31st March 2010. This net profit figure has declined by 35% in the quarter as compared to the same quarter in the last fiscal. Britannia, Industries produces and sells products across the bakery and dairy categories.

As per the analysts, heavy price rise of the commodities and the higher promotional expenses have affected the bottom line of the company.

So far as the net sales of the firm are concerned, it has gone up to Rs 3401.40 crore during the January-March period of fiscal year 2009-10.

ADF Foods Ltd has announced its fourth quarter financial results for the fiscal year 2009-10. The company has posted a consolidated net profit of Rs 15.81 crore for the quarter that ended in 31st March, 2010. The consolidated net profit was reported to be Rs 10.20 crore for the same quarter in the financial year 2008-09.

AWB Ltd., an agribusiness group in Australia, announced today that it has reported a net loss of $A64.8 million in the first six months of the fiscal. AWB said that the first half results were impacted by one time charges for the sale of its financial services business and a class action settlement. AWB said that the net loss was reported at $A64.8 million in the first half ended March 31, while the company had reported net profit at $A8.5 million in the same period last year.

After Indra Nooyi, it is now the turn of Gautham Mukkavilli to make it big in the management of Pepsi Co.

Gautham has been serving in the company on a key role in Pepsi Co for a very long time and will now be shifted to a very critical position in its new global offshoot.

Gautham has been working as the Managing Director of the food division of PepsiCo. in India.

Now, he would take over the position of the Global Vice President of grain nutrition at the Chicago-based nutrition centre of Frito Lays.