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Parag Milk Foods increases whey healthy protein line with Rs 300 cr investment eyes 25% market reveal through FY28, ET Retail

.Akshali Shah, Exec Director, Parag Milk FoodsNew Delhi: Parag Dairy Foods has increased its own whey healthy protein series under the Avvatar brand, along with a pay attention to customization of the items for the buyers as aspect of its new advertising and marketing strategy, Akshali Shah, executive director at Parag Milk Foods stated in a discussion with ETRetail.With this expansion as well as assumptions of the group expanding at a 30-35 per-cent CAGR, it targets to accomplish a 20-25 percent market cooperate this group by 2027-28. The provider has presently put together its whey protein production resource in Pune, Maharashtra which gives it an one-upmanship and reinforces its market opening, Shah shared.The company has invested about Rs 300 crore in establishing and also extending its own whey protein production capability.The whey healthy protein type, which presently supports 7 per-cent to Parag's overall earnings, is actually assumed to assist 15 per cent in the following 3-4 years. Presently, about one-third of the provider's whey healthy protein sales originate from shopping systems, giving it an all over the country reach.To accommodate the youth and also gym-goers as well as more take advantage of the developing need, Parag Milk Foods considers to circulate its own items by means of contemporary business shops, concentrated whey healthy protein shops, as well as online channels, making sure omnichannel availability.This aggressive development aim at is actually likewise backed by the business's influencer-driven marketing projects and its strong circulation system, which includes over 35 depots and a sturdy presence in both conventional and also digital retail.As every the business's Q1 FY25 governing update, the firm has a system of ~ 6200 reps as well as 682 tremendously stores. It also has a presence in 4.6 lakh retail touch factors and aims to connect with 13-15 lakh touch factors through 2027E.
Published On Sep 30, 2024 at 09:52 AM IST.




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