The company will seek board approval within a couple of months for its expansion in dairy segment, which could entail a minimum investment of Rs 300 crore in the initial phase.

Elaborating on why it made sense to be a full-fledged player in the dairy segment, he said: "We sell sell dairy products worth Rs 400 crore and for our bakery business we buy dairy products worth Rs 300 crore. Overall, the consumption and sales is almost Rs 700 crore, which is a fairly large number."

The company has also roped in dairy expert, Sarad Garodia, who has joined the company as Business Head Dairy Operations.

He had earlier worked for 16 years with Schreiber Dynamix, one of the leading dairy products manufacturers in India.

The company today said that its board has approved a plan for demerger of the manufacturing and retails sales divisions of its subsidiary Daily Bread Gourmet Foods (India) to be merged into itself.

The step will help it in optimum utilisation of resources, achieve cost saving and economies of scale, among others.

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