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Parag Dairy Foods broadens whey protein line with Rs 300 cr financial investment eyes 25% market share by FY28, ET Retail

.Akshali Shah, Executive Supervisor, Parag Milk FoodsNew Delhi: Parag Milk Foods has actually broadened its whey healthy protein series under the Avvatar brand name, with a focus on personalization of the items for the individuals as component of its own new advertising approach, Akshali Shah, corporate supervisor at Parag Dairy Foods said in a conversation with ETRetail.With this growth and requirements of the classification expanding at a 30-35 per cent CAGR, it aims to obtain a 20-25 percent market cooperate this type through 2027-28. The company has currently set up its whey protein manufacturing facility in Pune, Maharashtra which offers it an one-upmanship as well as reinforces its market role, Shah shared.The firm has spent approximately Rs 300 crore in setting up and also increasing its own whey healthy protein manufacturing capability.The whey healthy protein category, which currently contributes 7 percent to Parag's total profits, is actually expected to support 15 per-cent in the upcoming 3-4 years. Currently, concerning one-third of the business's whey protein purchases arise from e-commerce platforms, giving it a countrywide reach.To cater to the young people and gym-goers and also further take advantage of the increasing requirement, Parag Milk Foods considers to disperse its products via contemporary business outlets, focused whey protein outlets, and also online channels, guaranteeing omnichannel availability.This assertive development target is additionally supported by the business's influencer-driven marketing projects as well as its own sturdy circulation system, that includes over 35 depots and a tough presence in both traditional as well as digital retail.As every the business's Q1 FY25 regulative upgrade, the organization possesses a system of ~ 6200 reps and 682 incredibly stockists. It additionally has a visibility in 4.6 lakh retail contact aspects as well as targets to get to 13-15 lakh touch points by 2027E.
Released On Sep 30, 2024 at 09:52 AM IST.




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