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Milma plots ₹10,000 cr by 2030-31, plans global push via Lulu tie-up
Our read
Doubling turnover in five years while passing 83% back to farmers means Milma's margin headroom is razor-thin, so execution discipline on Lulu rollout and e-commerce unit economics will make or break the plan.
The report,
Kerala dairy cooperative Milma targets ₹10,000 crore turnover by 2030-31, up from ₹4,344 crore in 2025-26. Plans international expansion via Lulu Group partnership and e-commerce collaborations to tap Kerala's import-dependent dairy market.
Reported figures
From the report. Source details below
| Kerala retail market | ₹3.5-4.5 lakh crore |
|---|
Other figures
- 83% passed to farmers
Why it matters to operators
Milma's Lulu tie-up creates a template for cooperative-to-modern-retail bridges and opens potential white-space partnerships for adjacent F&B brands seeking Gulf and diaspora distribution leverage.
The source
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