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.
Hatsun Agro posted a steady set of earnings in Q1 as gross margins improve to 28 percent from 27 percent. In an interview to CNBC-TV18, RG Chandramogan, CMD of Hatsun Agro Product spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, RG Chandramogan, CMD of Hatsun Agro Product spoke about the results and his outlook for the company.
With corrected deflation and only slight inflation, the company is expected to do better in the first quarter of FY17, says RG Chandramogan, the CMD of Hatsun Agro Product.
RG Chandramogan says globally, milk prices have started softening, but the company's main focus area is the branded business across milk and milk products. As much as 96 percent of the business is focused on branded segments, he adds.
The company‘s net profit in Q3FY14 doubled to Rs 31 crore versus Rs 15 crore, on a year-on-year basis.