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 reported strong revenue growth in its Q2 earnings. Margins have also expanded. Profit growth however has been capped by higher other expenses. In an interview with CNBC-TV18, Vivek Nirmal, Joint MD of the company discussed its Q2 results.
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 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, 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 with CNBC-TV18, Vivek Nirmal, Joint MD of of the company, says that demonetisation is not having an impact on their business as they make payments directly to customers for milk procurement business.
In an interview to CNBC-TV18, Vivek Nirmal, Joint Managing Director of Prabhat Dairy said that domestic realisations are improving.
Company's topline growth went up by 10 percent to Rs 1,171.9 crore and Vivek Nirmal, Joint MD of Prabhat Dairy expects a steady growth for the company in FY17.
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.
Value-added products helped volume and revenue growth in second quarter, Vivek Nirmal, Joint-MD of Prabhat Dairy told CNBC-TV18.