MoneyWorks4Me

Parag Milk Foods eyes Rs 160 crore revenue from Sonipat plant in FY20

12 Jun 2019 Evaluate

Parag Milk Foods is targeting up to Rs 160 crore this financial year (FY20) from its manufacturing facility at Sonipat in Haryana that the company acquired from Danone, on better demand for its products in the northern market. The company has earned a revenue of about Rs 70 crore in the FY19 from its Sonipat manufacturing facility in Haryana.

The company has acquired Sonepat plant in April last year and started commercial operations in August to expand its footprint in the north and northeast India.

Parag Milk Foods, established in 1992, is the largest private dairy FMCG company with a pan India presence.

Peers
Company Name CMP
Nestle India 1372.00
Varun Beverages 416.00
Britannia Industries 4990.00
LT Foods 421.80
Hatsun Agro Product 1182.70
View more..