Parag shares surge after partnering with Boston Consulting Group
Parag Milk Foods Limited (PMFL) announced a partnership with Boston Consulting Group (BCG). This collaboration aims to drive growth and implement cost-effective practices across the organization. PMFL recognizes the need to enhance operational efficiency and growth strategies in response to evolving industry dynamics. BCG brings industry knowledge and expertise to the partnership. Together, PMFL and BCG…
Parag Milk Foods appoints former Amul MD Rahul Kumar as COO
Parag Milk Foods Limited, a manufacturer and marketer of dairy-FMCG products, has announced the appointment of Rahul Kumar Srivastava as the Chief Operating Officer of the organization. He served as the Managing Director of Lactalis India, a division of the world’s largest dairy conglomerate, for over a decade. Additionally, he held the position of Managing…
Unorganised Sector Dominates 80% Of Indian Dairy Market
In an insightful conversation with Akshali Shah, Executive Director of Parag Milk Foods, we delve into the journey of Parag Milk Foods’ evolution, innovation, and its commitment to quality. Akshali shares her remarkable transition within the company, witnessing its growth from its early stages to its present standing. With a keen eye on market trends…
Parag Milk Food June 2023 Net Sales at Rs 738.05 crore
Reported Standalone quarterly numbers for Parag Milk Foods are: Net Sales at Rs 738.05 crore in June 2023 up 8.41% from Rs. 680.80 crore in June 2022. Quarterly Net Profit at Rs. 18.30 crore in June 2023 up 66.11% from Rs. 11.02 crore in June 2022. EBITDA stands at Rs. 44.68 crore in June 2023…
Parag Milk bets big on sports nutrition, to expand pride of cows
One the leading private dairy companies Parag Milk Foods plans to focus more on the sports nutrition segment and health besides expanding the reach of its “Pride of Cows” single source liquid milk. Akshali Shah, Executive Director, Parag Milk Foods, said, “There is a huge gap in meeting the demand for whey protein and we…
Parag Milk Foods: Empowering Young Professionals
Parag Milk Foods, one of India’s leading private-sector dairy companies is undergoing swift transformations in order to secure the most qualified personnel to open up more development opportunities and to bring out the latent potential of youthful individuals. It has taken a bold step to promote young talent in the organization and believes in creating a diligent and…
DAIRY NEWS Top dairy industry stock picks as per ICICI securities report
ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in June’22, wholesale milk prices jumped 5.8 per cent year on year in India. ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in…
India, say cheese: Mozzarella cheese leads the product diversity in dairy
(Mozzarella cheese is not a local product, nor widely consumed in India outside our metros, or even widely produced in India. Essentially a milk-paneer-butter country, our per capita annual consumption of cheese is less than 200gm, compared to a global average of 7kg per annum. So, it puzzled observers when the Union cabinet rolled out…
Parag Milk Foods unveils Go Milkshake eyeing about 15% of market share
Parag Milk Foods, the makers of India’s favourite dairy products like Gowardhan, Go, Pride of Cows and Avvatar, unveiled the expansion of their product portfolio with the launch of a range of milkshakes – Go Milkshake. It is made from 100% cow’s milk and is available in 180 ml Tetra Packs in strawberry, vanilla, chocolate and…
Pride of Cows is expected to reach Rs 400 crore revenue by 2027-28
Parag Milk Foods, dairy FMCG company with brands like Gowardhan, on Tuesday said its premium milk brand ‘Pride of Cows’ is expected to reach Rs 400 crore annual revenue by 2027-28, following growing popularity for cows milk and value-added products including the newly launched fat-free milk. The company plans to expand its Bhagyalakshmi Dairy Farm,…