Pune-based Parag to sell premium cow milk in Delhi, NCR at Rs 120/litre

Parag will supply 10,000 litres of premium cow milk in the Delhi-NCR market daily by airlifting from its dairy farm near Pune, a company official said Thursday.

Parag Milk, which posted Rs 1,950 crore turnover last fiscal, has three plants in Maharashtra, Andhra Pradesh and Haryana with a total processing capacity of 2.9 million litres per day. It sells milk and other dairy products under different brands including 'Gowardhan', 'Go', and 'Pride of Cows'.

Parag Milk in April 2018 acquired Danone's manufacturing facility in Sonepat to expand its footprint in the north and northeast India. In August, it commenced commercial operations of this plant and launched the pouched cow milk in Delhi-NCR.

"We are now launching our premium milk brand 'Pride of Cows' in the Delhi-NCR market. We will sell this cow milk at Rs 120 per litre. Initially, we will supply 10,000 litres per day and in the next six months, this will increase to 20,000 litres per day," company chairman Devendra Shah told reporters in Delhi.

The company sells 34,000 litres of premium cow milk to customers in Mumbai, Pune and Surat, he added.

The price of this premium cow milk is higher than Mumbai and Pune markets where it is selling at Rs 95 per litre because of logistics cost. "Pride of Cows is a farm-to-home milk concept catered to the consumers who believe in leading a healthy lifestyle and consuming natural and unadulterated products," Shah said, adding the milk under this brand is sourced from its state-of-art dairy farm 'Bhagyalaxmi Dairy' consisting of about 3,000 Holstein Freisan cows.

This farm is equipped with the latest global technology for feeding, milking and processing of fresh milk.

"The company's revenues from 'Pride of Cows' brand has grown at a CAGR of 28 per cent over FY'13-18 and it will continue to grow at this pace. NCR is the largest milk market of the country valued at around Rs 11,000 crore and with Pride of Cows, we are going one-step further in strengthening our presence in cow's milk in the region," Shah said.

Parag Milk sells ghee, dahi, paneer under 'Gowardhan' brand, while products like cheese, UHT milk, chaas, lassi, yoghurt under brand name 'Go'. It also offers dairy based beverages and whey protein.