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Parag Milk Foods Ltd.

BSE: 539889 Sector: Agri and agri inputs
NSE: PARAGMILK ISIN Code: INE883N01014
BSE 00:00 | 22 Apr 241.90 -2.40
(-0.98%)
OPEN

244.50

HIGH

245.45

LOW

240.30

NSE 00:00 | 22 Apr 241.60 -2.60
(-1.06%)
OPEN

243.00

HIGH

246.50

LOW

240.15

OPEN 244.50
PREVIOUS CLOSE 244.30
VOLUME 25726
52-Week high 414.95
52-Week low 197.00
P/E 18.91
Mkt Cap.(Rs cr) 2,035
Buy Price 240.30
Buy Qty 48.00
Sell Price 244.50
Sell Qty 13.00
OPEN 244.50
CLOSE 244.30
VOLUME 25726
52-Week high 414.95
52-Week low 197.00
P/E 18.91
Mkt Cap.(Rs cr) 2,035
Buy Price 240.30
Buy Qty 48.00
Sell Price 244.50
Sell Qty 13.00

Parag Milk Foods Ltd. (PARAGMILK) - Company History

Parag Milk Foods Ltd (PMFL) founded in 1992 is India's leading manufacturer and marketer of branded dairy foods and beverages based on 100% cow milk. Over the years the company has evolved as India's largest dairy FMCG player by developing a large portfolio of dairy and value-added products with a strong focus on health and nutrition. The company has diverse range of products like cheese ghee fresh milk whey proteins paneer curd yoghurt milk powder and dairy based beverages targeting a wide range of consumer groups under the brands Gowardhan Go Topp Up Pride of Cows Avvatar Milkrich and Slurp. PMFL enjoys a strong reputation and brand recall across several geographies through its exports across UAE Singapore Oman Kuwait Mauritius New Zealand Australia Congo Seychelles Iraq Hong Kong Philippines Sri Lanka UAE and Bangladesh.The Company was incorporated as Parag Milk & Milk Products Private Limited on December 29 1992 with the registrar of companies at Mumbai with the registered office at Pune as a private limited company under the Companies Act 1956. The name of the Company was changed to Parag Milk Foods Private Limited and a fresh certificate of incorporation consequent upon change of name was granted by the RoC on April 11 2008. the Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on May 16 2015 and consequently the name of the Company was changed to Parag Milk Foods Limited and a fresh certificate of incorporation consequent upon conversion to a public limited company was granted to the Company by the RoC on July 7 2015.Parag Milk Foods Ltd started commercial production in 1992 and commissioned the Manchar Pune plant for production in 1998 under the Gowardhan Brand. The company launched Bhagyalaxmi Dairy Farms in 2005 and started operations at the Palamaner Plant in 2010. The company launched milk under 'Pride of Cows' Brand in 2011. The company has being launching various products in milk and cheese in subsequent years.Parag Milk Foods raised Rs 300 crore from through fresh issue of 136.99 million equity shares in an initial public offer in May 2016. During the financial year ended 31 March 2017 the company expanded its cheese slice range with flavours like Piri Piri chutney cheese Kachha Aam Schezwan and Acchari and other product categories like Pre-mix with Go Easy Shake and relaunched dairy whitener under Milk Rich brand name. During the year the company company expanded distribution of fresh milk in upcountry Tamil Nadu market.During the financial year ended 31 March 2018 the company introduced fresh dahi to strengthen its presence in north region. With this launch the company has expanded its geographical reach and entered into Rs 1500 crore curd market of Delhi. The company also launched Mishti Doi which is nutritionally rich in protein. This is a traditional Bengali dessert. The company believes that the addition of Mishti Doi to its product portfolio will further build up the Gowardhan Dahi category. The company also launched Gowardhan Paneer as a fresh paneer category with a shelf life of 75 days and is made from 100 % cows' milk. It is a rich source of proteins and vitamins. This is the only product which has used ESL technology.To strengthen the presence in north the company acquired the manufacturing unit of Danone Foods and Beverages India Pvt Ltd. the local entity of French dairy firm Danone SA. The acquisition will strengthen the company's distribution of fresh category products like milk dahi paneer yogurt in the Northern and Eastern regions of India which is largely dominated by buffalo milk consumption. This move will give the company an edge to understand the consumer preferences in northern India. The plant is spread across 5500 square meters on the outskirts of Delhi NCR. Its current milk processing capacity is 0.75 LLPD (lakh litre per day) along with curd processing capacity of 15 tonne.