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

.Akshali Shah, Exec Director, Parag Dairy FoodsNew Delhi: Parag Milk Foods has actually increased its whey healthy protein line under the Avvatar label, along with a pay attention to personalization of the products for the customers as portion of its new advertising method, Akshali Shah, executive supervisor at Parag Dairy Foods said in a discussion along with ETRetail.With this development and desires of the group growing at a 30-35 percent CAGR, it strives to achieve a 20-25 percent market share in this category through 2027-28. The company has already set up its own whey healthy protein manufacturing location in Pune, Maharashtra which provides it a competitive edge and also boosts its own market opening, Shah shared.The business has invested roughly Rs 300 crore in establishing and growing its own whey healthy protein production capability.The whey healthy protein category, which presently assists 7 per cent to Parag's overall profits, is actually anticipated to contribute 15 per-cent in the upcoming 3-4 years. Currently, concerning one-third of the provider's whey healthy protein purchases originate from shopping platforms, giving it a countrywide reach.To provide for the young people and also gym-goers and additional maximize the expanding need, Parag Dairy Foods prepares to disperse its own products through present day business outlets, specialized whey protein establishments, and online channels, making certain omnichannel availability.This aggressive development intended is also backed by the business's influencer-driven marketing projects as well as its durable circulation system, which includes over 35 depots as well as a solid existence in both conventional and digital retail.As per the firm's Q1 FY25 regulative upgrade, the organization possesses a system of ~ 6200 suppliers as well as 682 incredibly stockists. It additionally has an existence in 4.6 lakh retail contact factors and also aims to reach 13-15 lakh contact aspects by 2027E.
Published On Sep 30, 2024 at 09:52 AM IST.




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