Mother Dairy, one of India’s leading dairy companies, reported a remarkable 180% increase in net profit, reaching ₹106 crore for the financial year 2024, after a net loss of ₹133 crore in FY23. This sharp turnaround was attributed to a drop in procurement prices, which helped boost profitability.
The company’s revenue also saw a modest 3% growth, rising to ₹15,037 crore in FY24, according to financial data accessed by business intelligence firm Tofler. Notably, the company’s ice cream division achieved a significant milestone, surpassing ₹500 crore in revenue, making it the second-largest category in Mother Dairy’s diverse dairy portfolio, following curd.
In its filings to the Registrar of Companies (RoC), Mother Dairy revealed that milk and milk products remained the largest contributor to its revenue, accounting for 72.47% of the total. The dairy business unit recorded a turnover of ₹11,505 crore, marking a 10% year-on-year growth.
The company highlighted the integration of its milk and dairy products Strategic Business Unit (SBU), which it said enhanced operational synergies and collective capabilities. “The fiscal year saw solid growth in key segments, with cow milk continuing its strong performance with a 15% increase, and curd sales growing by 22% compared to the previous year,” the company noted.
In addition to its core offerings, Mother Dairy expanded its value-added product range, introducing over 20 new items, including ready-to-eat custard, cold coffee, and cookies, further diversifying its portfolio.
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