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Margin can exceed 10% mark in Q4: Parag Milk Foods

In an interview with CNBC-TV18, Devendra Shah Chairman of Parag Milk Foods spoke about the latest happenings in his company and sector.

February 27, 2018 / 01:29 PM IST

In an interview with CNBC-TV18, Devendra Shah Chairman of Parag Milk Foods spoke about the latest happenings in his company and sector.

Procuring price for milk has decreased 7-8 percent compared to last year, he said.

On gross margins, he said that it is expected to remain at 30-32 percent mark.

Current milk procurement price is at Rs 23.50 per litre, said Shah.

Margins can exceed 10 percent mark in Q4, he further mentioned.

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For full interview, watch accompanying video…
CNBC-TV18
Tags: #Business
first published: Feb 27, 2018 01:23 pm
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