
New Delhi: Mother Dairy Fruit And Vegetable Private Limited which manufactures dairy products and edible oils reported a 46% decline in fiscal 2022 net profit to ₹100 crore, according to financial data accessed by business intelligence platform, Tofler.
The company had reported a profit of ₹185 crore in the previous fiscal.
Meanwhile, for the financial year ended 31 March 2022, the company reported a 20% jump in revenues to ₹12,583 crore; it had reported revenues of ₹10,452 crore in the year-ago period.
The company’s total expenses for the fiscal stood at ₹12,418 crore up 21% from the year-ago period.
Mother Dairy was commissioned in 1974. It is a wholly-owned subsidiary of the National Dairy Development Board (NDDB). It was established under the initiative of ‘Operation Flood’, the world’s biggest dairy development program launched to make India a milk-sufficient nation. Mother Dairy through its brands has a national footprint across all major cities in India.