How India buys milk, dairy and ice cream
4 listed companies sold ₹12,202 crore of milk, dairy and ice cream in FY26. Nestle India Ltd sold the most, 63.4% of it. Godrej Industries Ltd earned the most on each rupee of sales: 1.3%.
The brands, and who owns them
MILKMAID, Nestlé EVERYDAY®, NANGROW are Nestle India Ltd's; Godrej Jersey is Godrej Industries Ltd's. Brands are read from each company's filings and checked against a public source.
Who sells the most
Nestle India Ltd had 63.4% of the listed companies' sales of milk, dairy and ice cream here, 3.2 times as much as Patanjali Foods Ltd, the next largest. The two together sold 83%; the other 2 the rest.
What it is made of
Of the sales reported by product line, milk products is the largest at ₹10,681 Cr, then milk at ₹1,521 Cr.
How the sales have grown, and who sold them
The listed companies here sold ₹12,202 Cr of milk, dairy and ice cream in FY26. Counting only the companies with figures in both years, sales went from ₹676 Cr in FY23 to ₹553 Cr. The biggest rise was in FY26 (+1%) and the weakest year FY24 (-25%). Over three years Britannia Industries Ltd grew fastest, -6.4% a year. Some companies are counted only from a later year (Nestle India Ltd from FY24; Patanjali Foods Ltd from FY26; Godrej Industries Ltd from FY25).
Who earns the most on each rupee
Operating profit before interest and tax, as a share of sales of milk, dairy and ice cream. Godrej Industries Ltd earned 1.3% on its sales in FY26, against 2.9% in FY25.
The companies, and their brands
| Company and brands | Sales FY26 | Growth 1 yr | 3 yrs | 5 yrs | Margin | Profit share | Return on assets | P/E | ROE | Share price 1 yr |
|---|---|---|---|---|---|---|---|---|---|---|
| Nestle India Ltd MILKMAID, Nestlé EVERYDAY®, NANGROW Sells in 36 states and 28 countries; exports 4.1% of turnover |
₹7,734 Cr estimate |
+0.5% | — | — | — | — | — | 67.5 | 75.2% | +13.5% |
| Patanjali Foods Ltd Sells in 36 states and 37 countries; exports 47.0% of turnover |
₹2,394 Cr estimate |
— | — | — | — | — | — | 20.3 | 15.9% | -37.0% |
| Godrej Industries Ltd Godrej Jersey Sells in 28 states and 70 countries; exports 24.0% of turnover |
₹1,521 Cr | +1.6% | — | — | 1.3% | 100.0% | 2.5% | 28.6 | -7.3% | -6.1% |
| Britannia Industries Ltd Sells in 28 states and 80 countries; exports 6.0% of turnover |
₹553 Cr estimate |
+6.7% | -6.4% | — | — | — | — | 44.4 | 60.1% | -17.2% |
Also sold by
See every one of these companies in Valarth
Questions people ask
Which listed companies sell milk, dairy and ice cream in India?
4 listed companies report their sales of milk, dairy and ice cream: Nestle India Ltd (NESTLEIND), Patanjali Foods Ltd (PATANJALI), Godrej Industries Ltd (GODREJIND), Britannia Industries Ltd (BRITANNIA). 3 more sell them but report them together with other products.
Which listed company sells the most milk, dairy and ice cream in India?
Nestle India Ltd, with sales of milk, dairy and ice cream of ₹7,734 crore in FY26: 63.4% of the listed companies' total here.
How big is the listed market for milk, dairy and ice cream?
The listed companies here sold ₹12,202 crore of milk, dairy and ice cream in FY26. Private makers are not included.
Which listed company makes the most profit on milk, dairy and ice cream?
Godrej Industries Ltd: its operating profit was 1.3% of its sales of milk, dairy and ice cream in FY26.
Who owns MILKMAID?
MILKMAID is a brand of Nestle India Ltd, listed on the NSE as NESTLEIND.
Who owns Nestlé EVERYDAY®?
Nestlé EVERYDAY® is a brand of Nestle India Ltd, listed on the NSE as NESTLEIND.
Who owns Godrej Jersey?
Godrej Jersey is a brand of Godrej Industries Ltd, listed on the NSE as GODREJIND.