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regular-article-logo Wednesday, 29 May 2024

Mother Dairy Fruit and Vegetable Pvt Ltd plans to invest Rs 2,000 crore to set up five plants

Company has reached milestone turnover of Rs 15,000 crore in FY24, growing from Rs 10,500 crore three years ago

A Staff Reporter Calcutta Published 18.04.24, 09:55 AM
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Representational image File picture

Dairy major Mother Dairy Fruit and Vegetable Pvt Ltd plans to invest around Rs 2,000 crore to set up five plants over the next three years to expand capacity across the country, including Bengal.

The company has reached a milestone turnover of Rs 15,000 crore in FY24, growing from Rs 10,500 crore three years ago.

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Under the Mother Dairy brand, the company sells milk and milk products such as ice creams, paneer and ghee.

The company also has a diversified portfolio with edible oils under the Dhara brand and fresh fruits, vegetables, frozen vegetables snacks, unpolished pulses, pulps and concentrates under the Safal brand.

“Around Rs 11,000 crore business comes from dairy, while the remaining comes from our brands Safal and Dhara. Our aim is to increase the turnover to Rs 25,000 crore over the next three years,” said Manish Bandlish, managing director, Mother Dairy Fruit and Vegetable Pvt. Ltd.

The company has plans to set up its own units in Nagpur, Delhi and Bengal for the dairy business and two plants to make products under the Safal brand.

“We have board approval to set up a plant in Bengal for dairy products and the investment could be around Rs 400-500 crore. We are seeing a rising demand for Mother Dairy products in Bengal and we are doing a business of around Rs 600-700 crore in the state. The new plant will cater to the demand in both Bengal and the NorthEast,” said Bandlish.

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