Kwality Ltd, an Indian dairy company, plans to invest Rs 300 crore in the next financial year. The investment will help expand its milk procurement operations and introduce more value-added products.
In the year 2012-13, the company earned Rs 3,700 crore in revenue and is aiming for a growth of 20-25 percent this year. Sanjay Dhingra, the Managing Director and Chairman of Kwality Ltd, shared, "We currently procure about 28 lakh liters of milk daily, with 5 lakh liters coming directly from our 22 milk chilling centers. We want to strengthen our milk procurement capacity."
The company also plans to launch new dairy products like flavored milk, yogurt, cheese, and ultra-high temperature (UHT) milk. Sidhant Gupta, Director of Kwality Ltd, mentioned that the investment of Rs 250-300 crore will help increase the company's profit margins by introducing these value-added products.