Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
BUSINESS

Mother Dairy Expects 20% Revenue Growth in FY23 to Rs 15,000 Cr

Last month, Mother Dairy hiked milk prices by Rs 2 per litre in Delhi-NCR due to increased procurement and other input costs.

Mother Dairy, the leading milk supplier of the Delhi-NCR region, is expecting a 20 per cent growth in turnover this fiscal year to about Rs 15,000 crore. This can be primarily attributed to better demand for products. The turnover of Mother Dairy, which also sells edible oils and fruits & vegetables, remained at Rs 12,500 crore in the last fiscal year.
Mother Dairy’s MD Manish Bandlish said that growth would be driven by increased volumes and values of its various dairy products. Ice cream sales, adversely affected during the summers of the pandemic, have grown significantly during this summer.

Last month, Mother Dairy hiked milk prices by Rs 2 per litre in Delhi-NCR due to increased procurement and other input costs. It had also raised milk prices by the same amount in March this year. He added that the management might consider it after 3-4 months if this trend of rising input prices continues. Bandlish also reported that Mother Dairy’s edible oil, fresh fruits & vegetables and bread businesses are also performing well.

Notably, animal feed costs have risen sharply, forcing farmers to raise their selling prices. Consequently, the milk procurement cost of dairy companies has shot up, and some of the increase has already been passed on to customers.


Commissioned in 1974, Mother Dairy is a wholly-owned subsidiary of the National Dairy Development Board (NDDB). It was established under the initiative of ‘Operation Flood’, the world’s largest dairy development programme launched to make India a milk-sufficient nation.
The firm sells edible oils under the ‘Dhara’ brand and frozen vegetables & snacks, unpolished pulses, fresh fruits & vegetables etc. under the ‘Safal’ brand.

Get Daily Prediction & Stocks Tips On Your Mobile