Brands
Mother Dairy rules out milk price hike as supply stays comfortable
Chairman says milk availability remains stable, company targets Rs 24,000 crore turnover.
MUMBAI: No need to cry over spilled milk or pricier milk, at least for now. Mother Dairy does not see any immediate need to increase milk prices, with supplies remaining comfortable across key markets, chairman Meenesh Shah said, offering some relief to consumers amid persistent concerns around food inflation. Speaking on the sidelines of a press conference, Shah said milk availability remains stable and the company is currently not considering any price revision. The assurance comes as Mother Dairy continues to expand its operations and targets more than Rs 24,000 crore in turnover during FY27.
The dairy major, a wholly owned subsidiary of the National Dairy Development Board (NDDB), reported a turnover of Rs 20,300 crore in 2025-26, up 17 per cent from the previous financial year. Managing director Jayateertha Chary said the company is aiming for 20 per cent growth this fiscal, supported by healthy demand across categories.
While milk remains the backbone of the business, contributing more than Rs 15,000 crore in FY26 revenue, Mother Dairy has also seen growth from its edible oils business under the Dhara brand and horticulture products sold under Safal.
The company currently supplies around 55 lakh litres of fresh milk daily, including 35 lakh litres in Delhi-NCR. However, it is increasingly looking beyond its traditional stronghold. Shah said Mother Dairy is exploring entry into new markets and expanding manufacturing capacity through a new dairy plant in Maharashtra, a leased facility in Hyderabad and a second plant in Bihar.
Having doubled its turnover over the past five years, Mother Dairy is now focused on widening its national footprint. Its distribution network spans more than 95 cities, with full coverage across metro and Tier-II markets.
For consumers, though, the most immediate takeaway is simpler, despite ambitious growth plans and expansion investments, the company believes current milk supplies are sufficient enough to keep prices steady for now.
