Mother Dairy eyes $1 bn turnover in 2 years

NEW DELHI: Mother Dairy is eyeing a turnover of $1 billion in the next two years. “Following expansion of our business in other cities and with the launch of new products, we are expecting to cross $1-billion by the end of FY09,” Mother Dairy CEO Paul Thachil said.

The dairy chain’s topline has been growing at 22-25% per annum and is expecting a turnover of Rs 2,700 crore this fiscal. Mother Dairy will be the second dairy chain in the country after Amul to cross the $1-billion turnover milestone, if it achieves the target.

For over three decades, Mother Dairy restricted its presence mainly in the national capital region in the fresh milk and other milk products segment. This year, it went for a market expansion across the country.