Mother Dairy Sets Ambitious Revenue Growth Target Amidst Rising Input Costs

Mother Dairy, a leader in the Delhi-NCR milk supply, has posted a 17% growth in turnover, reaching Rs 20,300 crore in the previous fiscal year, as announced by its new Managing Director, Jayateertha Chary. The increase is attributed to better demand for the company's milk products and cooking oils.

Chary highlighted that the turnover has doubled over the last five years, surpassing the Rs 20,000 crore mark. Despite the rise in input costs, which include a 20% increase in packaging material prices, Mother Dairy is refraining from raising milk prices. The company has set an ambitious target of 20% revenue growth by the 2026-27 fiscal year.

Out of the total turnover, Rs 15,000 crore was contributed by the dairy vertical, with edible oils and horticulture segments making up the remaining Rs 5,000 crore. The company is focusing on expanding its existing product category range and is not planning to enter new segments. A significant capex of Rs 2,000 crore has been announced for expanding dairy and horticulture businesses across several Indian states.