Thiruvananthapuram: The Kerala Cooperative Milk Marketing Federation (Milma) has reported a steady financial performance for FY26, with turnover rising 6.44% to ₹4,624.21 crore, up from ₹4,344.60 crore in the previous fiscal. The growth reflects strong fundamentals across procurement, sales, and value-added segments despite rising input costs and market competition.
Procurement Drives Growth
A key highlight of FY26 was robust milk procurement, which grew 12.89% year-on-year:
- Average daily procurement reached 12.56 lakh litres
- Up from 11.13 lakh litres in FY25
This indicates deeper farmer integration and improved supply chain efficiency within the cooperative network.
Stable Demand, Rising Sales
On the consumption side, milk sales recorded a 4.30% increase, with:
- Average daily sales at 17.06 lakh litres
- Compared to 16.36 lakh litres last year
The steady rise reflects sustained consumer demand across Kerala’s dairy market.
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Value-Added Products Lead the Charge
Milma’s biggest growth engine came from its value-added products segment:
- Turnover surged to ₹1,097.36 crore
- Marking a strong 15.94% growth
This highlights the federation’s strategic push towards processed and premium dairy products, aligning with evolving consumer preferences.
Regional Performance Strong Across the Board
All three regional unions—
- Thiruvananthapuram
- Ernakulam
- Malabar
—reported healthy growth, signaling broad-based operational strength and deeper market penetration.
Farmer-Centric Model Remains Core
Chairman K S Mani credited the performance to farmer-focused policies, welfare schemes, and quality improvements. Notably, Milma distributed 92.5% of its profits to farmers, reinforcing its cooperative ethos and commitment to rural livelihoods.
Roadmap to ₹10,000 Crore
Looking ahead, Milma has set an ambitious target of ₹10,000 crore turnover by 2030. The strategy will focus on:
- Expanding procurement networks
- Scaling value-added product lines
- Investing in quality and productivity
A Cooperative Model That Works
Milma’s FY26 performance underscores the strength of India’s cooperative dairy model—balancing farmer welfare with business growth. As the sector evolves, the federation appears well-positioned to scale sustainably while continuing to support thousands of dairy farmers across Kerala.
In a competitive and cost-sensitive dairy landscape, Milma’s trajectory shows that cooperatives with strong farmer alignment and product diversification still have a serious edge.
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