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Mother Dairy Revenue Grows 20% in Fiscal Year 2022

Dairy businesses have noticed a steady increase in the cost of purchasing milk over recent months.

Shruti Kandwal
Mother Dairy is well-established in the market for milk and products related to milk.
Mother Dairy is well-established in the market for milk and products related to milk.

According to Mother Dairy Fruit and Vegetable Pvt Ltd's most recent regulatory filing, which was obtained through the business intelligence platform Tofler, the company had total revenues of Rs 12,583.40 crore in FY22. This represents a 20.07 percent increase over the company's reported revenue for FY21 of Rs 10,479.54 crore.

Mother Dairy is well-established in the market for milk and products related to milk. Among other value-added items sold under the Safal brand are fresh fruits and vegetables, frozen goods, pulses, and honey. It is a significant retailer in the Delhi-NCR region and has a presence in the edible oils market under the brand Dhara.

A completely owned subsidiary of the National Dairy Development Board, the business reported a net profit of roughly Rs 100 crore in FY22, a decrease of 46% from the prior year. Its overall expenditures during the reviewed fiscal year were estimated to be Rs 12,418 crore.

Dairy businesses have noticed a steady increase in the cost of purchasing milk over recent months. Along with rising input costs, the FMCG industry as a whole has been dealing with rising commodity prices.

Ice-cream Sales

The company announced last month that it expects double-digit growth in FY23 as a result of improved product demand. Due to a long summer this year, the company anticipates growing both volumes and value throughout this fiscal, which includes robust ice cream sales.

Additionally, the business is expanding its retail locations in the Delhi NCR region. Mother Dairy had previously stated that by March 2023, it would have roughly 2,500 consumer touchpoints in Delhi.

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