Targeting Rs 1000 cr topline by 2020 from consumer business, says Prabhat Dairy

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

Nirmal said that milk prices have corrected 15 percent in last one year.

Talking about business, he said we are targeting Rs 1,000 crore topline by 2020 from consumer business and Rs 2,000 crore is our total topline target by 2020.

“I am not aware of any private equity investors looking to exit company," he said when asked about PE investors.

He further mentioned that promoters hold more than 50.1 percent stake and have no plan to sell stake in the company.

We expect Rs 250 crore topline from cheese business over next one year, Nirmal mentioned.

For entire interview, watch accompanying video.