Mother Dairy’s ice cream sales crossed ₹500 crore in FY24, marking a major milestone for the brand. This achievement makes ice cream the second-largest category in the company’s dairy portfolio, following curd. The growth comes alongside Mother Dairy’s return to profitability, with a 180% jump in net profit for the fiscal year.
Mother Dairy’s ice cream sales: A key growth driver
Mother Dairy reported a remarkable turnaround in FY24, achieving a net profit of ₹106 crore compared to a ₹133 crore loss in FY23. This recovery is largely attributed to low procurement costs and strong performance across key product categories, including ice cream.
Ice cream sales surged past ₹500 crore, reflecting growing consumer demand and the company’s strategic focus on expanding this category. With milk and milk products contributing 72.47% of overall revenue, the ice cream segment continues to grow as a vital part of the portfolio.
Expansion boosts Mother Dairy’s ice cream sales
The company integrated its milk and dairy products unit during the fiscal year, leveraging synergies to enhance operations. This move also supported growth across its value-added product range. Alongside ice cream, products like curd and cow milk saw significant growth, with sales increasing by 22% and 15% respectively.
Mother Dairy’s ability to innovate contributed to this success. Over 20 new products, including ready-to-eat custard and cold coffee, were launched, boosting its appeal to a broader audience.
Strong financial performance in FY24
Mother Dairy recorded a 3% increase in total revenue, reaching ₹15,037 crore in FY24. Its dairy business turnover hit ₹11,505 crore, reflecting 10% growth compared to the previous year. The integration of key business units and the focus on premium categories, including ice cream, played a significant role in this growth.
Future outlook for Mother Dairy
Mother Dairy’s focus on diversifying its product range and strengthening its ice cream segment positions it for sustained growth. With robust sales figures and innovative product launches, the company is set to maintain its leadership in the dairy sector.
This success underlines Mother Dairy’s strategy to cater to evolving consumer preferences while building a stronger, more diversified portfolio.
