NACOF posts Rs 2,456 crore revenue in FY26, approves 12% dividend; plans overseas expansion

Reports coming in for today mention that The National Federation of Farmers' Procurement, Processing & Retailing Cooperatives of India Limited (NACOF) noted topline of Rs 2,456 crore and a net earnings of Rs 14.89 crore for 2025-26, the federation stated at its Annual General Meeting held in New Delhi on September 26.

The federation's board approved a 12 percent dividend for member societies, which it described as a reflection of its financial health and commitment to its members.

“Our success in achieving a huge financial milestone this year demonstrates that it is possible for a cooperative federation to become very profitable while being completely self-dependent,” a NACOF spokesperson stated. “We welcome any member cooperative who wants to conduct business to come and meet us at NACOF.”

The AGM was attended by serving and retired officials, political representatives and cooperative-sector figures, including NACOF Vice Chairperson Ranjeet Singh, former Tamil Nadu Chief Secretary Rajiv Ranjan, former Jharkhand Chief Secretary Rajbala Verma, former NAFED Managing Director S.K. Chadha, NCUI Director D.N. Thakur, two Uttar Pradesh legislators, a Shiv Sena (UBT) parliamentarian, and representatives of IFFCO and NCUI.

On expansion, NACOF stated it plans to pursue cooperative partnerships in Bangladesh, Iran, Russia, Chile and Dubai, among other markets, using what it described as a large-scale networking model to build business ties for Indian cooperatives overseas. Member cooperatives have additionally been invited to identify new business opportunities in India and abroad.

The federation additionally indicated a change in approach going forward, saying it would prioritise agreements that translate into actual business activity rather than stay on paper. It stated it was looking to work with member institutions and individuals willing to execute plans on the ground, and invited cooperatives interested in joint ventures or expanding procurement and retail operations to approach its head office.