Milma targets ₹10,000 cr turnover by 2030-31, eyes global play with Lulu

Kerala dairy cooperative Milma plans to more than double turnover from ₹4,344 cr in FY26 to ₹10,000 cr by 2030-31. It has tied up with Lulu Group for international distribution and is scaling e-commerce, while Kerala's organised retail market sits at ₹3.5-4.5 lakh cr.

— Filed Mon, 15 Jun, 2026, 16:06 IST · Source The Hindu BusinessLine · Updated

Kerala dairy cooperative Milma targets ₹10,000 crore turnover by 2030-31, up from ₹4,344 crore. It has partnered Lulu Group for international markets and is expanding via e-commerce platforms. Kerala retail market sized at ₹3.5-4.5 lakh crore.

Why this matters

Milma is shifting from price-led moves like the ₹4/litre June hike to a growth strategy centred on global distribution via Lulu and e-commerce scale-up.

Retail-company signals steady at 2,899 in last 90 days, reflecting consistent corporate activity.