See milk prices going down in H2; revenues will be in double digits: Prabhat Dairy

Prabhat Dairy reported its Q1FY18 numbers. In an interview to CNBC-TV18, Vivek Nirmal, Joint MD of Prabhat Dairy spoke about the results and his outlook for the company.

Prabhat Dairy is a leading company in a B2B space and 2011 onwards, the company is focusing on the consumer business. Except South India, we are present in around 25-26 states with more than 1 lakh retail outlets in general trade, he said.

In modern trade, earlier Prabhat was only present in Maharashtra but now it is also expanded in Delhi and Kolkata and Ahmedabad. All these factors contributed to the growth of the value added products, he added.

We will see milk prices going down in H2, said Nirmal.