Mother Dairy targets US$24B revenue by FY26 with new high-protein milk launch

INDIA – Mother Dairy, one of India’s leading dairy companies, has set an ambitious goal to achieve Rs 20,000 crore (US$24 billion) in revenue by the financial year 2026, driven by its latest venture into the high-protein dairy market.

The company recently launched ‘Promilk,’ a protein-rich milk product under its new ‘Pro’ portfolio, aimed at addressing protein deficiency among Indian consumers.

This move marks Mother Dairy’s entry into the country’s growing Rs 16,000-crore (US$19.2 billion) protein market.

According to company officials, Promilk offers 30% more protein than regular milk, targeting health-conscious consumers.

The launch took place in Delhi-NCR, with plans to expand the ‘Pro’ range to include products like paneer and curd in the coming months.

Mother Dairy’s Managing Director, Manish Bandlish, expressed confidence in the company’s growth strategy.

“We are seeing a shift towards premium and health-focused products, and our ‘Pro’ portfolio taps into that demand,” he said.

The company expects to close the current financial year, FY25, with a revenue of over Rs 17,000 crore (US$20.4 billion), setting a strong foundation for its FY26 target.

Mother Dairy is also expanding its production capacity to support this growth.

Meanwhile, the company plans to invest Rs 1,400-1,500 crore (US$1.68 billion to US$1.8 billion) over the next two to three years to build new plants in Gujarat, Andhra Pradesh, and Nagpur, Maharashtra.

This investment aims to strengthen its supply chain and meet rising demand for both traditional and value-added dairy products.

Alongside Promilk, the company has recently introduced tea-special milk, buffalo milk, and beverages like chaas and raita, further diversifying its offerings.

The rise of quick commerce has also caught Mother Dairy’s attention. Bandlish noted that this channel is becoming a game-changer for the dairy industry.

“We expect quick commerce to contribute 10% of our total revenue by FY26,” he stated. This shift reflects changing consumer habits, with more people opting for fast delivery services.

Industry experts see Mother Dairy’s focus on high-protein dairy as a smart move, given the increasing nutrition awareness in India.

The company’s expansion into new product lines and regions aligns with its goal to stay competitive in a market dominated by both local and international brands.

While challenges like rising input costs and supply chain logistics remain, Mother Dairy’s strategic investments and innovative launches position it well to achieve its Rs 20,000 crore (US$24 billion) revenue target by FY26.

With its blend of tradition and innovation, the dairy giant continues to adapt to India’s evolving consumer landscape.