2024, Vol. 9, Special Issue 6

India is a predominantly agricultural country, with a significant portion of its population relying on agriculture and allied sectors, particularly dairy farming, for livelihood. Livestock, especially dairy, plays a pivotal role in the rural economy by contributing to employment, income, and nutrition. As the world’s largest milk producer, India’s dairy industry is crucial to its economy, with small-scale dairy farming providing supplementary income to many rural households. Rajhans Dairy, located in Sangamner, Maharashtra, is a key player in this sector, with an annual turnover of ₹530.38 crore in 2022-23. This study evaluates the financial performance of Rajhans Dairy over a ten-year period (2013-2023), analysing key financial indicators such as total revenue, expenses, net profit, profit margin, assets, liabilities, equity, and returns on equity (ROE) and assets (ROA).

The results show consistent financial growth, with total revenue increasing from ₹316.34 million in 2013-14 to ₹530.38 million in 2022-23. Net profits followed a similar trajectory, rising from ₹284.18 million to ₹476.89 million, maintaining a profit margin between 89% and 90% across the decade. Notably, Rajhans Dairy’s compound growth rate during this period was 29%, highlighting its robust performance in a competitive market. The study further estimates trends in the company’s financial performance, revealing a steady upward trajectory in net profits and profit margins, especially from 2017-2023. This suggests that Rajhans Dairy has successfully improved its operational efficiency, market reach, and strategic investments. The overall financial health of the company, indicated by the rising profitability and stable profit margins, positions it as a strong entity in the dairy sector, benefiting both its shareholders and cooperative members.

These findings underscore Rajhans Dairy's role as a leading example of successful dairy farming in India, demonstrating resilience, effective management, and long-term profitability in the evolving dairy industry.