Milma, the Kerala Co-operative Milk Marketing Federation, saw its dairy turnover climb to Rs 2,559.71 crore in the first half of financial year 2026-27, covering April to September 2026. That marks a rise of about 15% from Rs 2,224.12 crore in the same period of financial year 2025-26. The figures, reported in mid-October 2026, mark one of the cooperative’s strongest half-yearly performances in recent years.
Of the total, Milma’s three regional unions contributed Rs 2,328.87 crore, and federation-level units added Rs 230.84 crore for the half-year. Malabar was the largest contributor among the three, with sales of Rs 1,011.62 crore between April and September. Trivandrum followed with Rs 746.21 crore, and Ernakulam recorded Rs 571.04 crore over the same six months.
Milma chairman K.S. Mani credited the growth in Milma’s Kerala dairy turnover to consistent product quality and rising brand trust among consumers. He said both factors had supported steady demand across the cooperative’s product range during the half-year period.
Malabar leads the three regional unions
Malabar’s Rs 1,011.62 crore worked out to close to 40% of Milma’s total half-year turnover. Trivandrum contributed about 29% of the combined figure, and Ernakulam added roughly 22%. Together, the three regional unions accounted for Rs 2,328.87 crore, or around 91% of the federation’s overall turnover for the period.
Malabar’s turnover exceeded Trivandrum’s by Rs 265.41 crore for the half-year, while Trivandrum’s total ran Rs 175.17 crore ahead of Ernakulam’s. The gap between Milma’s leading and smallest regional union worked out to Rs 440.58 crore over the six months.
Each of the three unions nonetheless posted sales above Rs 500 crore for the half-year, underlining the scale of Milma’s cooperative network across Kerala.
The remaining Rs 230.84 crore came from federation-level units, outside the three regional unions’ direct sales. Combined, the half-year total represents an increase of Rs 335.59 crore over the same period last year. That took Milma’s turnover from Rs 2,224.12 crore to Rs 2,559.71 crore within twelve months.
Milma’s half-year turnover also crossed Rs 2,500 crore for this period, a threshold its revenue did not reach in the same six months of 2025-26. The latest numbers did not include comparable figures for each regional union’s performance a year earlier. The federation’s overall 15% increase reflects combined gains across both the regional unions and federation-level units, rather than evenly split growth across every segment.
Milma’s plans beyond the half year
Milma has separately been reviewing measures to boost milk production and strengthen its dairy value chain, according to earlier reporting on the cooperative’s plans. Those discussions point to longer-term ambitions to keep growing the business into the early 2030s, though the cooperative has not detailed specific targets publicly.
That focus on production follows the half-year results. It comes as Milma looks to sustain the pace of growth recorded between April and September 2026, carrying it into the remainder of the financial year.
Chairman K.S. Mani’s comments on quality and brand trust suggest the cooperative views consumer confidence as central to that longer-term plan. For now, the April-to-September numbers give Milma a stronger base heading into the second half of financial year 2026-27.
The latest reporting did not include fresh figures beyond the April-to-September period, leaving the second half of financial year 2026-27 still to come. News agencies covering Kerala’s agriculture and dairy sector reported the latest Milma figures in mid-October 2026, shortly after the half-year accounting period closed at the end of September 2026.
