CavinKare eyes Rs 5,000-cr turnover by 2012

FMCG major CavinKare is targetting a Rs 5,200 crore turnover by 2012, of which it expects to clock a Rs 1,000 crore from its dairy division alone.

The company, which has a diversified product potfolio, including shampoos, fairness cream, deodarant, masalas and pickles, also plans to open new stores in India and abroad, S Kannan, division's general manager told reporters here.

The company planned to set up two milk plants in Andhra Pradesh, one each in Kerala and Karnataka. The Dairy division has at present two plants, at Erode and Kancheepuram, with a two lakh liters per day capacity.

CavinKare is also eyeing Sri lanka, which imports about 55,000 tonnes of milk every month, he said. There were plans to set up a milk plant in the island nation within the next 6 months and studies in this regard were underway, he said.

When pointed out milk brought from outside the state were found to be having formalin and some harmful chemicals, he said "We are confident of our product. There are no middlemen involved and milk is being procured directly from farmers."

Dairy industry was driven by high demand and short supply. Current milk production in Kerala was 10-12 lakh litres a day while the market demand was 18 lakh, he said.