New Delhi | April 2026 — Mother Dairy has crossed the ₹20,000 crore turnover milestone in FY26, registering a 17% year-on-year growth, and is now targeting 20% growth to reach ₹24,000 crore in FY27.
The company is accelerating its pan-India expansion strategy, backed by a ₹2,000 crore investment plan to scale manufacturing, distribution, and product portfolio.
Strong Growth Momentum
Managing Director Jayateertha Chary said the company has:
Maintained positive profitability in FY26
Doubled turnover in 5 years (₹10,000 Cr → ₹20,000 Cr)
Delivered two consecutive years of 15%+ growth
Segment Performance
- Dairy vertical: ₹15,000+ crore
- Edible oils (Dhara): ₹4,000+ crore
- Growth drivers:
- Value-added dairy products
- Edible oils segment
Milk business recorded:
- 11% volume growth
Massive Capex to Expand Footprint
Mother Dairy is investing ₹2,000 crore to expand its manufacturing base, including:
- Nagpur (₹600 crore mega dairy plant)
- Gujarat
- Punjab
Objective: Strengthen presence in Central and Southern India
Distribution Expansion Across India
- Presence in 16 states
- Reach: 4 lakh retail outlets (target: 5 lakh)
- Strong base in Delhi NCR:
- 800+ milk booths
- 350+ fruit & vegetable outlets
Currently:
- 63% revenue from Delhi-NCR
- Target: Increase non-NCR share from 37% → 42%
Product Innovation Push
The company plans to:
- Launch 30 new products across brands
- Expand into:
- Frozen foods
- Ready-to-eat segment
It is also targeting:
- 40% growth in ice cream segment, driven by innovation
the real story is the ambition:
From Delhi-centric giant to pan-India dairy leader
Read More: Akshayakalpa Enters Mumbai–Pune with ₹200 Cr Investment, Targets Premium Dairy Segment
Pricing Strategy: Absorb, Not Pass On
Despite rising input costs:
- Milk prices remain unchanged
- Selective price hikes only in:
- Edible oils
- Premium ice creams
Strategy: Protect consumer demand while managing margins
Farmer Linkages and Sourcing
Mother Dairy is:
- Expanding partnerships with farmers and FPOs
- Strengthening sourcing networks in new regions
This supports its goal of building a national dairy supply chain ecosystem.
Ownership and Ecosystem Role
Mother Dairy is a wholly owned subsidiary of the National Dairy Development Board, playing a key role in India’s cooperative dairy model.
Outlook
With:
- Strong brand portfolio
- Aggressive capex
- Deepening distribution
Mother Dairy is shifting from a regional leader to a national dairy powerhouse.
Bottom Line
Crossing ₹20,000 crore is not the headline the real story is the ambition:
From Delhi-centric giant to pan-India dairy leader.
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