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Mother Dairy Raises Milk Prices by Rs 2-4 per Litre Starting November 12
Sentiment: NeutralHigh Priority
What Happened?
Mother Dairy will increase the prices of its milk variants by Rs 2-4 per litre from November 12 in Delhi-NCR due to rising procurement costs. Full cream milk sees the highest hike.
Key points
- Mother Dairy's price hike will take effect on November 12.
- Full cream milk price increases from Rs 72 to Rs 76 per litre.
- Toned milk (bulk vended) will now cost Rs 60 per litre, up from Rs 58.
- Cow milk prices rise from Rs 62 to Rs 65 per litre.
- Mother Dairy sells around 35 lakh litres of milk daily in Delhi-NCR.
- The company recorded a 17% growth in turnover to Rs 20,300 crore last fiscal year.
Key insights
- The price hike reflects rising input costs for dairy companies.
- Consumers may seek alternative milk suppliers due to increased prices.
- The increase in procurement costs could lead to further price adjustments in the dairy sector.
Why it matters
This price increase could affect daily consumers in Delhi-NCR, impacting their grocery budgets.
Tags
Entities
Mother Dairy· CompanyDelhi-NCR· LocationKarnataka· StateNandini· Brand
Source
Times of India
