Jan 29, 2020
Nandini, the Co-operative milk brand of Karnataka Milk Federation (KMF), has launched Nandini Cheese for Maharashtra’s institutional markets – Hotel, Restaurants, Café (Horeca) industry and B2B sector in Maharashtra. It had entered the milk market 2 years ago.
The company claimed that it now has a daily supply of about 2.5 lakh litres in the state and is targeting to get a 20% market share of cheese of this institutional segment in the state.
Nandini sells about 2.5 lakh litres of milk in various forms including Nandini pasteurized toned milk, Nandini special pasteurized homogenized toned milk and long-life Nandini buffalo milk daily. KMF clocked a turnover of Rs. 15,000 crore in FY 2019 and plans to increase its sales to Rs. 25,000 crore in five years by scaling up its production of value added products. The federation aims to invest Rs. 100 crore every year on both green field and brown field expansion within Karnataka and elsewhere.
KMF’s current procures 86 lakh litres of milk which it wants to increase to 106 lakh litres in the next three years.
The federation has invested Rs. 500 crore on its expansion. KMF is looking to acquire an existing dairy plant in Maharashtra to serve its customers in Maharashtra.