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Dairy company Parag Milk Foods on Friday reported a 59.35 per cent decline in net profit to Rs 11.21 crore for the third quarter ended December 2020. The company's net profit stood at Rs 27.58 crore during the same quarter of 2019-20, Parag milk Foods said in a BSE filing. The revenue from operations for the quarter under review declined by 25.17 per cent to Rs 473.59 crore compared to Rs 632.92 crore in the same quarter of the previous fiscal. "We are happy to report a gradual recovery in our performance during the quarter with a strong performance in our core consumer products. The shif...

Parag Milk Foods Ltd., a manufacturer and marketer of dairy-based branded products in India, plans to add further value to its cheese and whey business through the introduction of high potential lactose products, thereby expanding its health & nutrition portfolio.

Parag Milk Foods Limited (Parag) is planning to raise money from International Finance Corporation (IFC) for meeting the company's working capital needs and for its long-term expansion plan. IFC committed around $31 million (around Rs 230 crore) to Parag in the form of non-convertible debentures to support the company’s working capital needs and long term capex plans. IFC’s investment under RSE Covid-19 facility aims to provide Parag with sufficient additional liquidity in support of its working capital needs and its long term expansion plans. IFC’s proceeds will be used for further d...

Parag Milk Foods commissions the Lactose Plant with a capacity of 40 MT/day Posted On: 2020-12-23 00:56:42 (Time Zone: Arizona, USA) Parag Milk Foods Ltd., a leading manufacturer and marketer of dairy-based branded products in India, plans to add further value to its cheese and whey business through the introduction of high potential Lactose products, thereby expanding its Health & Nutrition portfolio. As one of the leading cheese producers in the country and with ambitions to grow the business further, the Company has ventured into whey protein powders, a by-product in the cheese manufa...