Mother Dairy Fruit & Vegetables Pvt Ltd is aiming to garner revenues of ₹20,000 crore in FY25-26 eyeing a strong double digit growth. The company is also ramping up its manufacturing capacity with both greenfield and brownfield investments of about ₹1,400-1,500 crore over the next 2-3 years.
The milk and milk products major on Wednesday launched a new sub-brand called “Pro” starting with Promilk, in a bid to offer high-protein products.
Manish Bandlish, MD, Mother Dairy told businessline, “Despite the macro-economic conditions, we have witnessed strong growth over the past four years. We will close FY25 with revenues of over ₹17,000 crore up 15-16 per cent. We are again planning to target a growth of 15-16 per cent in FY26 and aiming to garner revenues of ₹20,000 crore.”
He added that dairy food categories are growing at upwards of 20 per cent and Safal has garnered a growth of 25 per cent in FY25.
2 new plants
Talking about manufacturing capacity expansion, Bandlish said that the company is setting up two new plants for brand Safal in Gujarat and Andhra Pradesh with a total investment of about ₹500-600 crore. “ We are also setting up new dairy plant in Nagpur. There are various investments being planned for capacity expansion in existing manufacturing facilities. So overall, we expect to invest ₹1,400-1,500 crore in capacity enhancement in the next 2-3 years.”
At a time when consumers are increasingly seeking protein-rich food options, Mother Dairy is betting big on the evolving consumer needs with its protein-rich range under sub brand “Pro”. While the first product is Promilk, the company plans to launch a diverse range of protein-rich daily dairy staples including paneer and curd, which includes pouch and set curd.
“Studies indicate that 70-80 per cent of Indians do not meet their daily protein requirements, despite protein being available in varied forms and formats. We embraced this challenge by designing a Pro range of products for everyday solution that seamlessly fit into one’s routines requiring no behaviour changes,” he added.