In a significant move to expand its presence in the dairy sector, Godrej Agrovet Ltd. has acquired the remaining 48.06% stake in Creamline Dairy Products Limited for Rs. 930 crore, making it a wholly-owned subsidiary of the company.
Headquartered in Hyderabad, Creamline Dairy is well known for its ‘Godrej Jersey’ brand and has a strong market presence across South India. The company reported a turnover of Rs. 1,540 crore for the financial year 2023-24, highlighting its robust position in the dairy industry.
Godrej Agrovet’s association with Creamline Dairy dates back to 2005, when it initially acquired a 26% stake, later increasing it to 51% in 2015. With this latest acquisition, Godrej aims to strengthen its dairy portfolio and expand its footprint in value-added dairy products.
Balram Singh Yadav, Managing Director of Godrej Agrovet, stated, “This acquisition is a strategic move to consolidate our position in the dairy industry. Creamline Dairy’s strong distribution network and brand equity will help us expand our value-added dairy segment.”
With full ownership, the company plans to invest in innovation, product diversification, and supply chain enhancements. The focus will be on high-margin products such as flavoured milk, yogurt, and dairy-based beverages to drive profitability.
