The Telegraph
Tuesday , May 6 , 2014
CIMA Gallary

Mother Dairy target

Subhashis Basu in Calcutta on Monday. A Telegraph picture

Calcutta, May 5: New Delhi-based Mother Dairy Fruit & Vegetable Private Ltd aims to garner revenues of Rs 1,100 crore from value-added dairy products by the end of 2014-15 against Rs 800 crore last fiscal.

The company is betting on product innovation and expansion to achieve an over 37 per cent growth in earnings from the unit.

Overall, Mother Dairy Fruit & Vegetable Private Ltd reported revenues of around Rs 6,300 crore in 2013-14.

Value-added dairy products include dahi, mishti doi and lassi.

Mother Dairy, a 100 per cent subsidiary of the National Dairy Development Board (NDDB), emerged during the Operation Flood project of the NDDB in December 1974. It is different from Mother Dairy Calcutta which it helped to set up.

“Value-added products are expected to close at Rs 1,100 crore by the end of the current year. It has been growing at a compounded annual growth rate of about 30 per cent for the last two to three years,” said Subhashis Basu, business head (dairy products), Mother Dairy Fruit & Vegetable. He was speaking at the launch of aam doi and cup packs of sweet and masala lassi.

Buoyed by the response in Calcutta, Mother Dairy is planning to ramp up the production capacity of fresh dairy products to 16-17 tonnes per day from 12 tonnes.