In an interview to CNBC-TV18, Vivek Nirmal, Joint MD of Prabhat Dairy spoke about the latest happenings in the company and the sector.
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.
Prabhat Dairy is surging in trade today, up over 9 percent today and 57 percent this year. In an interview to CNBC-TV18, Vivek Nirmal Joint MD of Prabhat Dairy spoke about the latest happenings in his company and sector.
Prabhat Dairy, Joint Managing Director, Vivek Nirmal, attributed the price rise to a 15-20 percent increase in milk procurement prices in the recent past. He, however, was hopeful of some relaxation in milk prices at the end of the summer season.
In an interview to CNBC-TV18, Vivek Nirmal, Joint Managing Director of Prabhat Dairy said that domestic realisations are improving.
Speaking to CNBC-TV18, Vivek Nirmal, company's Joint MD says while the volume pick-up has been small in newly-launched Shrikhand, the product has huge scope and will contribute substantially to the bottomline in next two to three years.