Parag Milk Foods539889Dairy, packaged foods
Parag Milk Foods announced plans to quadruple paneer capacity and double cheese and whey protein capacity amid rising demand for value-added dairy products
By ScoutQuest · · 1 min read
Heard on Live television at 11:36:47 IST.
- Akshali Shah, Executive Director, said paneer demand already exceeds current capacity, which is at full utilisation, with paneer sales growing almost 28% in recent years.
- She said the organised paneer market is about 1 lakh crore rupees, growing 12% annually, with only 6-7% currently from organised players, creating a shift opportunity from unorganised to organised.
- The company will quadruple paneer capacity from 20 metric tons to 80 metric tons, and double cheese capacity, which will also double whey protein capacity.
- She noted only 30% of India consumes cheese, a category growing about 35%, and whey protein, once a byproduct, is now seen as a significant growth opportunity.
- On financials, Q1 revenue growth was around 11% with EBITDA margins near 7.5%; milk prices were about 13% higher than last year, expected to remain elevated, with price hikes planned to improve margins.
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Source: Live TV News Channel · 28 Sep 2026
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