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Q3 looking good due to Christmas demand & pizza chain demand: Parag Milk

Parag Milk Foods on the other hand has been a rank under performer with flat returns for the year, although the stock rose 11 percent intraday yesterday on striking a deal with the Taj Group. In an interview to CNBC-TV18, Devendra Shah, Chairman of Parag Milk Foods mapped out their plans for the coming year.

December 12, 2017 / 12:09 PM IST

Dairy industry stocks have been milking in gains all of 2017 with the likes of Heritage Foods, Prabhat Dairy and Hatsun Agro Products all up anywhere from 75 percent to 140 percent.

Parag Milk Foods on the other hand has been a rank under performer with flat returns for the year, although the stock rose 11 percent intraday yesterday on striking a deal with the Taj Group.

In an interview to CNBC-TV18, Devendra Shah, Chairman of Parag Milk Foods mapped out their plans for the coming year.

He said that we will supply curd, paneer and different types of dairy products to TajSATS.

He further said that we are doing well in the value-added products segment.

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Eighty percent of our revenue comes from value-added products, he added.

According to him, Q3 is looking good due to Christmas demand and pizza chain demand.

Watch accompanying video for more details.
CNBC-TV18
Tags: #Business
first published: Dec 12, 2017 12:09 pm
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