Parag Milk Foods Ltd

Parag Milk Foods Ltd, is one of India’s elite private sector dairy company, with a diverse portfolio in over 15 consumer centric product categories. The company has three manufacturing facilities, 3.4 million litres/day Milk Processing Capacity, 10 Lakh litres/day Whey Processing Capacity, 110 MT/day each of Ghee & Cheese 20 MT/day of Paneer. Parag Milk Foods is the only lndian company to manufacture Whey Protein under the brand name Avvatar and the protein business is witnessing healthy growth momentum, and has grown by 130 per cent in the last 12 months. GO Cheese is dominant player in cheese category in India with 35 per cent market share. Buy on declines for target price of Rs250 in medium term.