Regulatory Filing Details
Financial Guidance and Projections
Chairman R G Chandramogan provided revenue growth targets through Reuters interview:
- Expects revenue to rise up to 50% over the next two financial years
- Targets approximately ₹120 billion revenue for current financial year (FY27), up from ₹100 billion in previous year (FY26)
- Projects revenue between ₹140 billion and ₹150 billion in the following year (FY28)
- Company reported ₹99.59 billion revenue in year ended March 2026, representing 14.5% year-on-year growth
Operational Expansion Strategy
- Expanding beyond southern Indian stronghold into new markets including Mumbai and Pune
- Ramping up milk procurement operations in Odisha
- Expanding existing manufacturing facilities rather than building new plants
- Strengthening 13,000-strong milk collection network
- Targeting daily milk procurement of 5 million litres next year, up from current 4.3 million litres
Capital Expenditure Plans
- Plans to invest ₹10 billion in current fiscal year (FY27)
- Already spent ₹3 billion-4 billion of the planned investment
- Investment allocation: Approximately one-third directed towards expanding milk procurement, remainder split between manufacturing capacity expansion and marketing/distribution
Market Conditions and Cost Environment
- Milk prices increased 20%-22% over past 15 months due to higher milk-fat and animal feed costs
- Higher procurement costs squeezing industry margins
- Intense competition curbing producers' pricing power
- Expects milk supply to exceed demand within 8 to 10 months
- Demand remains resilient across rural and urban markets despite inflation
- Strong sales of summer staples including ice cream and curd
Exchange Rate Reference
- Article mentions exchange rate: $1 = 95.7150 Indian rupees