Parag Milk Foods targets Rs 10,000 crore revenue
In short
Parag Milk Foods said it wants to reach Rs 10,000 crore in revenue in three to four years. Akshali Shah said the company’s paneer facilities are already fully used, so capacity is being expanded from 20 metric tonne to 80 metric tonne.
The domestic paneer market is worth Rs 1 lakh crore and is growing 12% a year. It is not stated how the expansion will affect profits or when the goal will be met.
What the reporting says
Parag Milk Foods’ executive director Akshali Shah said the company is targeting Rs 10,000 crore revenue in three to four years, according to publisher summaries. She said existing paneer facilities are running at full utilisation, prompting expansion from 20 metric tonne to 80 metric tonne. The domestic paneer market is valued at Rs 1 lakh crore and growing 12% annually, but the report does not state when the revenue goal will be achieved or funded.
Why it matters
Parag Milk Foods, through executive director Akshali Shah, said it aims for Rs 10,000 crore revenue in three to four years and is expanding paneer capacity from 20 metric tonne to 80 metric tonne because current facilities are at full utilisation. The company is betting on a large and growing domestic paneer market valued at Rs 1 lakh crore. The reporting does not give the investment size, timeline for completion, or expected financial impact.