Parag Milk Foods Ltd has seen rise in HORECA sector post unlock 1.0

Parag Milk Foods Ltd, leading manufacturers and marketers of dairy-based branded foods dairy FMCG Company with a Pan India presence has started delivering its products to Hotel, Restaurants and catering (HORECA) Channel Partners. This business was impacted due to lockdown in the country as commercial places like offices, hotels, restaurants, catering, small tea/ coffee stalls were shut down. As unlock 1.0 kicked in, our HORECA segment has started seeing movement. We are hoping to achieve pre-Covid level business with our partners in the next few months.

Cheese and Paneer are the two focus categories of HORECA business. Cheese Business has two segments - Consumer & Institutional. Company enjoys tremendous consumer acceptance of its Cheese Business with 35% market Share in the Country. Along with Consumer Segment, out of home consumption of cheese is growing at a robust pace. Home consumption of Ghee, Butter, Paneer and Cheese has seen significant increase in the Pandemic Period.

We have attuned our production plans according to the demand from various channels like General trade, E-commerce, Modern trade and HORECA so that we can meet the demand. This has ensured availability of our products as per demand without disruption and continued customer loyalty.

Being a food company, safety & hygiene are already strict in all our plants and we are following all the guidelines of Government. Our teams are operating very efficiently at ground level as well as working full-fledged at all the manufacturing units.

Shares of Parag Milk Foods Ltd was last trading in BSE at Rs.104.65 as compared to the previous close of Rs. 98.05. The total number of shares traded during the day was 99760 in over 1936 trades.

The stock hit an intraday high of Rs. 105.45 and intraday low of 96.75. The net turnover during the day was Rs. 10237836.

Source : Equity Bulls

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