Lactalis India eyes revenue growth of 5-6%

Lactalis India, a part of France’s Lactalis group, is aiming for 5-6% revenue growth in the current fiscal, said managing director Rahul Kumar.

‘Last year, we registered revenue of about ₹4,000 crore and this year we will do about ₹4,200 crore, an increase of 5% to 6% in spite of a bad quarter,” said .

Having acquired Thirumala milk dairy in 2014, followed by the Anik and Prabhat acquisitions in 2016 and 2018, respectively, Lactalis is now eyeing an acquisition to help growth in the North and East regions of the country.

“We are certainly looking at the northern region to increase our footprint and market share. Right now, we have presence in central India through Anik and Prabhat dairies and are selling ghee and buttermilk there. The new acquisition is meant to sell our milk and milk products,” he said.

Asserting that the acquisition was delayed due to the pandemic and that it would be completed within two years, he said Lactalis was not in a hurry to enter East India. “It will not happen immediately.”