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Parag Milk to invest Rs 400 crore in growth push
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Monday, 23 June, 2025, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Parag Milk Foods will invest Rs 400 crore over the next three to four years to drive its next phase of growth, with a strong focus on its new-age businesses.
As part of this expansion, the company plans to double its cheese production capacity from 60 to 120 tonne and accelerate product launches across brands like Gowardhan, Go, Avvatar, and Pride of Cows, targeting value-added dairy and ready-to-eat segments. Avvatar, its vegetarian whey protein brand, which has grown 6X in three years, plans to enter two to three new categories including protein snacks and chips, while also expanding its presence across e-commerce and modern trade.
For Pride of Cows, it is investing Rs 70–80 crore to scale up Bhagyalaxmi Dairy Farm, aiming for a daily milk output of 2.5 lakh litres by 2027. The expansion will include a 500-acre greenfield facility at Bota, Nashik, housing up to 20,000 cows and embracing renewable energy and water sustainability practices.
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