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

.Akshali Shah, Executive Director, Parag Milk FoodsNew Delhi: Parag Milk Foods has actually broadened its own whey protein product line under the Avvatar brand, along with a focus on customization of the items for the consumers as component of its own new advertising technique, Akshali Shah, executive supervisor at Parag Milk Foods stated in a chat along with ETRetail.With this growth and desires of the group expanding at a 30-35 per-cent CAGR, it strives to obtain a 20-25 per-cent market cooperate this category by 2027-28. The company has actually currently set up its whey healthy protein manufacturing location in Pune, Maharashtra which gives it a competitive edge and also strengthens its own market opening, Shah shared.The provider has actually spent roughly Rs 300 crore in putting together and also expanding its own whey protein manufacturing capability.The whey protein type, which currently supports 7 percent to Parag's general income, is actually expected to contribute 15 per-cent in the following 3-4 years. Presently, regarding one-third of the provider's whey protein purchases stem from ecommerce systems, offering it an all over the country reach.To deal with the youth as well as gym-goers and also further take advantage of the developing requirement, Parag Dairy Foods plans to distribute its items through modern-day field outlets, specialized whey healthy protein retail stores, and also online networks, making sure omnichannel availability.This aggressive development aim at is actually also backed by the provider's influencer-driven advertising initiatives as well as its robust circulation network, which includes over 35 depots and also a powerful visibility in both typical and also digital retail.As per the business's Q1 FY25 regulative upgrade, the agency has a network of ~ 6200 reps and also 682 very stores. It likewise has a visibility in 4.6 lakh retail contact points as well as intends to connect with 13-15 lakh contact factors through 2027E.
Published On Sep 30, 2024 at 09:52 AM IST.




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