New Delhi, India – Mother Dairy, one of India’s leading dairy brands, has announced a strong financial performance for the fiscal year 2024, reporting significant growth across its business segments. The company’s ice cream division, in particular, has crossed the Rs 500-crore revenue milestone, marking a major achievement for the brand.
Mother Dairy’s net profit surged by 180%, reaching Rs 106 crore in FY24, compared to a net loss of Rs 133 crore in FY23. The company credited its return to profitability to favorable procurement prices, which helped offset rising costs and improve overall margins.
The company’s overall revenue grew by 3% year-on-year, reaching Rs 15,037 crore, according to financial data from business intelligence firm Tofler. Milk and milk products remain the backbone of Mother Dairy’s business, contributing 72.47% of its total revenue. The company’s strategic integration of its milk and dairy products business unit (SBU) has played a key role in optimizing synergies and driving better results across various product categories.
In addition to its core milk products, the ice cream division has emerged as Mother Dairy’s second-largest category, following curd in terms of revenue generation. The success of the ice cream segment reflects the growing consumer appetite for high-quality frozen desserts, a trend that Mother Dairy has capitalized on with innovative offerings and an expanded distribution network.
Mother Dairy’s flagship product, cow milk, also demonstrated robust growth, registering a 15% increase in sales. Curd, another key product, saw a remarkable 22% rise in sales, further strengthening the company’s position in India’s competitive dairy market.
Looking forward, Mother Dairy is focusing on expanding its product portfolio and enhancing market penetration. The company plans to invest further in value-added dairy products, including beverages and ready-to-eat snacks, as part of its strategy to meet the evolving needs of Indian consumers.
With a successful year behind it, Mother Dairy is poised for continued growth, with its ice cream business and overall dairy portfolio set to benefit from ongoing innovation and strategic investments. The company’s strong performance in FY24 positions it well for sustained success in the coming years as it seeks to capture an even larger share of the dynamic Indian dairy market.
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