Moneycontrol
Oct 11, 2017 02:54 PM IST | Source: CNBC-TV18

Expect to generate Rs 500 crore from retail operations in FY18: Prabhat Dairy

Prabhat Dairy is surging in trade today, up over 9 percent today and 57 percent this year. In an interview to CNBC-TV18, Vivek Nirmal Joint MD of Prabhat Dairy spoke about the latest happenings in his company and sector.

Prabhat Dairy is surging in trade today, up over 9 percent today and 57 percent this year.

In an interview to CNBC-TV18, Vivek Nirmal, Joint MD of Prabhat Dairy spoke about the latest happenings in his company and sector.

Milk procurement prices are seasonal, so after good monsoon, prices are slightly on a softer side and in future they are expected to be softer than they are right now, he said.

Focus is now on consumer products, he added.

Valued added products contribute 80 percent of company's total revenue, said Nirmal.

Around Rs 500 crore is what we are targeting this year from the retail space, he further mentioned.

For full interview, watch accompanying video...

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