Top 10 Companies Leading the Dairy Market in India 2026

The India dairy market was valued at INR 11306.52 Billion in 2025 and is expected to grow at a CAGR of 14.00% from 2026 to 2035, reaching INR 41915.77 Billion by 2035. As per the analysis by Expert Market Research, the market is expected to be driven by a shift towards health and wellness which is increasing the demand for healthier dairy products.

Dairy products are rich in nutrients like protein, vitamin D, calcium, potassium, and phosphorus and can be categorised into various types of products. Among these products, milk comes across as a versatile dairy product consumed worldwide. It is available in various forms such as whole milk, low-fat milk, and skim milk catering to different consumer needs. Other products in this industry includes various types of cheese such as cottage, mozzarella and cheddar; yoghurt, butter, ice cream, buttermilk and cream, ghee, paneer, and milk powder among others.

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The rising consumption resulting from population expansion and rising income levels is one of the key drivers of propelling dairy market in India. Dairy products are becoming more and more popular as a source of important nutrients, such as vitamins, minerals, and proteins. This demand goes beyond traditional dairy products to include value-added goods like probiotic drinks, flavored yogurts, and fortified milk. By introducing a variety of health-focused products, dairy companies are profiting from this trend and successfully appealing to consumers' demand for diet-based health.

Technological innovation in production methods leads the India dairy market growth. Automated or mechanized milk collection, automatic dairy plant operation and RFID-based chips that help track the performance and history of the herd are some of the many modern facilities available to producers in this industry.

Latest Updates on Top Dairy Companies in India:

In July 2026, Nestlé India reported 25.4% sales growth for the first quarter of FY 2026-27, supported by strong volume growth, with all four product groups recording double-digit growth.

In May 2026, OMFED outlined its future development roadmap focused on easier milk procurement, higher production and improved economic opportunities for dairy farmers, alongside the establishment of 21 new milk chilling centres in Odisha.

In May 2026, Britannia Industries reported consolidated quarterly sales of INR 4,686 crore for the quarter ended March 2026, representing 7.1% year-on-year growth, while net profit increased 21.6%.

In May 2026, Punjab Milkfed increased the milk procurement price for farmers associated with Verka by INR 20 per kg fat, with the revised rate becoming effective from May 1, 2026.

In March 2026, Karnataka Milk Federation's Nandini partnered with Royal Challengers Bengaluru as the Official Dairy Partner for the IPL 2026 season, expanding the dairy brand's sports marketing presence.

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Top 10 Dairy Companies in India 2026

1. Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) is one of India's biggest food product marketing organisations. The company is also popularly known as ‘Amul’ and has an annual turnover of over USD 7 billion. Amul’s daily procurement of milk is close to 25.9 million litres from over 18,600 village cooperatives. The cooperative has over 3.64 million milk-producing members and has a diverse product portfolio including milk, milk powder and beverages, cheese, ice cream, ghee, butter, paneer, chocolate, and other traditional desserts. In April 2026, GCMMF’s Amul brand crossed INR 1 lakh crore in turnover during FY 2025-26, recording around 11% year-on-year growth supported by domestic and international expansion.

2. Karnataka Co-operative Milk Producers Federation Limited (KMF)

Karnataka Cooperative Milk Producers' Federation Limited (KMF) stands as one of India's largest dairy cooperatives in terms of sales and procurement. The company is serving as the leading body for the dairy cooperative movement in Karnataka. Products made by the cooperative are sold under the well know brand name "Nandini," known for its freshness and purity. KMF operates across the state of Karnataka through 15 milk unions, procuring milk from cooperative societies and distributing it to consumers across different markets. In January 2026, Karnataka Milk Federation expanded its Nandini portfolio with nutrition-focused products including N-Pro high-protein milk, probiotic curd and lassi, medium-fat paneer and premium ghee.

3. Orissa State Cooperative Milk Producers Federation Ltd (OMFED)

Orissa State Cooperative Milk Producers Federation Ltd (OMFED) is a head dairy cooperative society which was registered under the Cooperative Society Act in 1962. It was founded following the model of dairy cooperatives in India. The development of rural farming communities economically in Odisha is promoted through OMFED's activities including the procurement, production, processing, promotion, and marketing of milk and its products. In March 2026, OMFED initiated an expansion of its milk and dairy-product distribution network by inviting new distributors to develop routes, onboard retailers and strengthen its market coverage.

4. Maharashtra Rajya Sahakari Dudh Mahasangh Maraydit

Serving as an Apex Federation of District/Taluka milk unions in Maharashtra, Maharashtra Rajya Sahakari Dudh Mahasangh Maraydit also operates under the name Mahanand Dairy. With an expansive portfolio that includes products like paneer, milk, curd, ghee, lassi, shrikhand and other proprietary milk products, Mahanand cooperative has more than 24,000 primary milk societies and 85 member unions and it procures milk from producers and sells it across Maharashtra. In April 2026, Mahanand Dairy’s revival programme reached about 78% completion, with plans including a new three-lakh-litre greenfield dairy, a new Udgir plant and expanded infrastructure in Maharashtra.

5. Punjab State Cooperative Milk Producers Federation Limited

Punjab State Cooperative Milk Producers Federation Limited (MILKFED) which operates under its flagship brand name ‘Verka’ was founded in 1973. The company manufactures milk while adhering to rigorous quality control protocols and in a bid to reach a wider audience, it also markets its dairy products like milk, yoghurt, dahi, lassi, paneer, butter, ghee, cream, cheese, ice cream and milk powder among others are some products that the company specialises in. In August 2026, Punjab Milkfed opened recruitment for Deputy Managers across marketing, procurement, engineering, finance, HR and other functions as part of its organisational requirements.

6. Mother Dairy Fruits & Vegetables Pvt Limited

Mother Dairy was established in 1974 as a subsidiary of the National Dairy Development Board (NDDB) as part of Operation Flood, which aimed to make milk production in India self-sufficient. The company sells a range of products such as milk, ice cream, and ghee to butter and cream. It is also involved in the production, procurement, processing, and marketing of fresh, frozen, processed, dried, and dairy products as well as agricultural goods. In June 2026, Mother Dairy outlined plans to expand beyond Delhi-NCR, develop new dairy plants in Maharashtra and Bihar and target revenue of more than INR 24,000 crore in FY 2026-27.

7. Britannia Industries Ltd.

Britannia Industries Ltd. serves over 1 billion consumers in the Indian subcontinent and has a rich history of over 120 years. The company is a seasoned player and operates across multiple segments including biscuits, breads, cakes, dairy, and snacks. Britannia is committed to innovation, sustainability, and social responsibility and they showcase this commitment by sourcing dairy from trusted suppliers and applying strict quality control measures, offering a range of dairy products such as cheese, ghee, paneer, dahi, lassi and milkshakes. In June 2026, Britannia Industries expanded its dairy portfolio with the launch of Britannia Sattvam Pure Cow Ghee, strengthening its presence in the premium traditional dairy category.

8. Nestle India Limited

Nestle’s association with India dates back to 1912 whereas a trading entity it was a significant contributor to the food industry of India. NESTLÉ India manufactures products under brands that are internationally famous such as MILKYBAR, KIT KAT, BAR-ONE, and NESCAFÉ. The company has also introduced a range of dairy products such as NESTLÉ Dahi, NESTLÉ Milk, NESTLÉ Jeera Raita and NESTLÉ SLIM Milk in recent years. In April 2026, Nestlé India’s Board approved the company’s fourth-quarter and FY 2025-26 financial results as the company continued strengthening its food, beverage and nutrition portfolio in India.

9. VRS Foods Limited

VRS Foods Limited was established as PARAS in 1960 and has since evolved into a key player in the Indian dairy landscape. Through the company's continuous investments in technology, PARAS caters to the needs of its clients and in Delhi, the company sells over 2,50,000 litres of milk per day. The company has comprehensive village-level collection centres covering over 5400 villages across Rajasthan, U.P., Maharashtra, Gujarat, and Haryana.

10. Parag Milk Foods Limited

Parag Milk Foods Ltd, established in 1992, specialises in a portfolio of over 15 consumer-centric dairy product categories and is focused on providing high-quality milk and milk products. Committed to international quality standards the company has a processing capacity of over 3.4 million litres per day. Parag Milk Foods Ltd offers a diverse portfolio of dairy products including ghee, fresh milk, cheese, butter, curd, lassi, buttermilk and proprietary food products such as gulab jamun mix powder, dairy whitener, and whey protein products. In May 2026, Parag Milk Foods partnered with Tetra Pak to launch an Avvatar milk-based protein drink in India’s first Tetra Prisma Aseptic 250E pack.