Mother Dairy eyes Rs 4,000 crore turnover in FY '10

, May 1 (PTI)
NEW DELHI: Eyeing a Rs 4,000 crore turnover in the current fiscal, the National Dairy Development Board subsidiary, Mother Dairy will invest Rs 100 crore in augmenting its capacity in this year.

"Mother Dairy (MD) has clocked Rs 3,200 crore turnover in the last fiscal and we are aiming at Rs 4,000 crore total revenue in this fiscal," Mother Dairy CEO Paul Thachil told reporters.

Over the last few years, Mother Dairy has maintained an annual growth of around 20-22 per cent and it expects the momentum to continue in the current fiscal, Thachil said.

The company plans to invest Rs 100 crore in the current year to enhance capacity.

"We have taken steps to increase our capacity both in terms of manufacturing as well as sales and distribution network. The total investments in these activities would be around Rs 100 crore," he added.

It is also working towards increasing its footprint across the country and has added, Pune to the list of cities in which it supplies fresh milk.

When asked whether it plans to expand further, Thachil said," We are not looking at expanding our services in the current fiscal but would rather work towards consolidating our presence.