Columns

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

.Akshali Shah, Exec Director, Parag Milk FoodsNew Delhi: Parag Dairy Foods has actually expanded its own whey healthy protein series under the Avvatar label, with a pay attention to customization of the products for the customers as aspect of its brand-new marketing approach, Akshali Shah, corporate director at Parag Milk Foods said in a conversation along with ETRetail.With this growth and also assumptions of the category increasing at a 30-35 per-cent CAGR, it strives to attain a 20-25 percent market share in this classification by 2027-28. The provider has already set up its whey protein production location in Pune, Maharashtra which offers it a competitive edge as well as boosts its own market role, Shah shared.The provider has actually committed approximately Rs 300 crore in establishing and broadening its whey protein production capability.The whey healthy protein group, which currently supports 7 per-cent to Parag's total profits, is actually expected to contribute 15 per cent in the following 3-4 years. Currently, about one-third of the business's whey healthy protein sales come from shopping systems, offering it an across the country reach.To provide for the young people as well as gym-goers and also additional capitalize on the increasing requirement, Parag Dairy Foods plans to circulate its products via modern-day trade stores, focused whey healthy protein establishments, as well as online networks, making certain omnichannel availability.This aggressive development target is likewise supported due to the business's influencer-driven marketing projects as well as its durable circulation network, that includes over 35 depots and a strong visibility in both traditional and also digital retail.As every the provider's Q1 FY25 regulative improve, the organization possesses a system of ~ 6200 reps and 682 extremely stockists. It additionally has an existence in 4.6 lakh retail touch factors as well as targets to reach out to 13-15 lakh touch factors through 2027E.
Released On Sep 30, 2024 at 09:52 AM IST.




Participate in the area of 2M+ market professionals.Sign up for our e-newsletter to get latest insights &amp review.


Download And Install ETRetail Application.Get Realtime updates.Conserve your much-loved write-ups.


Browse to download Application.

Articles You Can Be Interested In