Parag Milk Foods Ltd, India’s largest dairy-focused consumer goods brand, said sales of some of its key products has reached pre-pandemic levels, but sales of liquid milk are half their regular volume. The company, which was hit by the COVID-19 pandemic both because of logistical disruptions as well as a dip in consumer demand, reported […]
Parag Milk Foods said the government’s move to increase subsidy on the export of milk and milk products will help the company’s exports. The Government of India has increased the export subsidy benefit on milk & milk products from 10% to 20% as part of its efforts to spur exports and bring down the trade […]
Parag Milk Foods said it has started targeting the North Indian market more effectively as it has operationalized its recently acquired Danone milk plant in Sonipat in Haryana. The plant was acquired in April. So far, the company had to rely on its Maharashtra milk plant to supply products to Delhi and other North Indian […]
Parag Milk Foods, the maker of Gowardhan butter and cheese, reported pretax profits that more than doubled on year, benefiting from the higher leverage afforded by sales that went up by 21% on year. On a sequential basis, however, the company’s performance in Jan-Mar quarter was largely comparable to that of Oct-Dec. Operating profit (EBITDA) […]
Parag Milk Foods Ltd said it purchased the manufacturing plant of French dairy giant Danone in Sonipat near Delhi. The Mumbai-based company has so far been supplying the North Indian market from its factory in Maharashtra. The plant’s current milk processing capacity is 0.75 LLPD (Lakh Litre Per Day) along with curd processing capacity of […]
