Mother Dairy Fruits & Vegetables Pvt Ltd has crossed the ₹20,000 crore-milestone in terms of turnover in FY26 garnering 17 per cent growth over FY25.

Eyeing a stronger pan-India play, the wholly-owned subsidiary of NDDB, is now looking to accelerate its growth to 20 per cent year-on-year.

At the same time, it is in the process of investing ₹2,000 crore to expand its manufacturing footprint while widening its portfolio and looking at deeper distribution.

Known for brands Mother Dairy, Safal and Dhara, the company now has a presence across 16 States with a reach of 4 lakh retail outlets. In Delhi-NCR alone, the company has over 800 milk booths and about 350 fruits & vegetables booths run by retail partners.

“In the past five years, we have doubled our turnover, scaling from over ₹10,000 crore in FY21 to over ₹20,000 crore in FY26 garnering consistent growth. In fact, this is the second consecutive fiscal year of over 15 per cent growth. Now, we are aiming for 20 per cent on-year growth to reach ₹24,000 crore in FY27. In terms of profitability, FY26 has been a positive year for us,” Jayatheertha Chary, Managing Director, Mother Dairy told businessline.

While the consolidated dairy vertical has achieved over ₹15,000 crore, edible oil brand Dhara is now worth over ₹4,000 crore. Value-added dairy products and Dhara edible oils led the growth for the company in FY26, while milk business witnessed 11 per cent volume growth.

Talking about future investments, he added, “Our board approved investments of ₹2,000 crore last fiscal, which is in the process of being invested in setting up new manufacturing facilities in regions such as Nagpur, Gujarat, Punjab among others. The mega dairy plant in Nagpur is being set up with investments of ₹600 crore and will enable us to strengthen our presence in the Central and Southern region.”

The company is launching 30 new products across the three brands. Despite a delayed summer, Chary said the company is targeting 40 per cent growth in the ice creams segment backed by launch of innovations.

“Our main focus is now to establish a national footprint. We have a presence across 16 States and now we want to expand collective distribution to 5 lakh retail outlets. Currently, regions beyond Delhi-NCR contribute 37 per cent to revenues, we want to grow this share to 47 per cent this fiscal. We are deepening our sourcing partnerships with farmers and food producers organisations accordingly in new regions,” Chary stated.

The company is also focusing on portfolio innovations and expansion in frozen and ready-to-eat food products. Asked about price hikes due to higher raw material costs, Chary said, “We have cautiously taken some price hikes in edible oils and premium range of ice-creams. But we have not done any change in the price of milk. We are trying to absorb costs.”

Published on April 22, 2026