Mangaluru: Dakshina Kannada Cooperative Milk Union Ltd. (DKMUL) will pack and sell flavoured milk in PET bottles instead of glass bottles, shortly. The union would spend Rs. 1.2 crore for processing and packing flavoured milk in 30,000 Pet bottles (200 ml each) a day.
The union has achieved a turnover of Rs. 752 crore and registered Rs. 5.58 crore net profit as against Rs. 659 crore and Rs. 4.95 crore, respectively during the last fiscal, said DKMUL president Raviraj Hegde.
DKMUL had distributed 18.37 % of total profit of Rs. 4.95 crore (Rs. 91.1 lakh) to dairy cooperative societies as a bonus and 30.72 % of the total profit (Rs. 1.523 crore) as a dividend of 15 % on their share capital invested in the union last fiscal.
The union sold an average 49,663 kg of curd and 1,000 litres of flavoured milk every day while it sold 100 tonnes of ghee, 47 tonnes of milk cream, five tonnes of Mysore Pak, one-tonne cashew barfi, 35 tonnes paneer and four tonnes of Nandini Byte per month during 2016-17. It intends to enhance milk sales to 3.49 lakh litres and curd to 55,000 kg per day during this fiscal, Hegde added.
DKMUL Managing Director B.V. Satyanarayana said that GST has impacted procurement of packing material from outside the State with increase in costs. The exact quantum would be known after a couple of months and denied price hike of products.
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