Dairy firm Parag Milk Foods Ltd has reported a 16 per cent increase in consolidated net profit to Rs 29.21 crore for the September quarter.
Its net profit stood at Rs 25.19 crore in the year-ago period.
Total income rose to Rs 878.43 crore in the second quarter of the ongoing fiscal year from Rs 803.74 crore in the corresponding period of the preceding year, according to a regulatory filing 11 Nov.
Parag Milk Foods Ltd, established in 1992, is one of the leading dairy firms in the country. Its manufacturing facilities are located at Manchar in Maharashtra, Palamaner in Andhra Pradesh, and Sonipat in Haryana.
Devendra Shah, chairman of Parag Milk Foods, said: As we continue to expand Parag Milk Foods’ reach and impact, our focus remains steadfast on delivering top quality, innovative products that cater to evolving consumer needs. We are happy to announce that this quarter, we have achieved our highest ever sales, reaching Rs 871 crore in revenue.
Our recent launch of Gowardhan sweets reinforces our commitment to purity. Made with Gowardhan Ghee and cow milk it offers an authentic and wholesome choice in a market increasingly plagued by adulteration concerns. Gowardhan Ghee continues to be a market leader with 22% share in the branded cow ghee segment.
Newer business segments, Avvatar and Pride of Cows, are also gaining strong traction. With a robust pipeline for new product developments, I am confident that our deep-rooted commitment to provide customer centric products will propel us towards our ambitious INR 10,000 crore target and beyond.
