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Expect value-added products to contribute 72% to topline by FY20, says Parag Milk

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Parag Milk is buzzing in trade on the back of mixed set of third-quarter results. Their topline growth was decent but margin performance was muted. To discuss this and more, CNBC-TV18 spoke with the Chairman of the company, Devendra Shah

Parag Milk is buzzing in trade on the back of mixed set of third-quarter results. Their topline growth was decent but margin performance was muted.
To discuss this and more, CNBC-TV18 spoke with the Chairman of the company, Devendra Shah
Shah said the contribution from value added products will go up from 67 percent to 72 percent by FY20.
According to Shah, "The expected net profit margins of 5 percent by FY10 would mean a net profit of around Rs 140-150 crore."
The company also plans to expand their FMCG business and in fact plan to get in new technology.
Shah clarified that they are not looking to sell the company and has no plans to get into non-cow milk.
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