- The Company’s revenue from Pride of Cowshas grown at a CAGR of 28 % over FY13-18
- Aims to double the Pride of Cows revenuewith a high double digit growth in the next two years
New Delhi, January 18, 2019: Parag Milk Foods Ltd., one of India’s leading private dairy company, today announced the expansion of its premium milk brand ‘Pride of Cows’ in National Capital. With the aim to provide farm fresh experience to consumers in Delhi, the company will airlift the milk from India’s largest dairy farm, located in Manchar, near Pune. The expansion is a strategic move towards strengthening Parag Milk Food’s offerings in North region. As part of the investment, the company will majorly focus on logistics and distribution.
The love and trust from the consumers for Pride of Cows in the western region motivated the company to introduce the services in South Delhi and Gurgaon initially, with the aim to expand in the entire NCR region soon. Pride of Cows is a first-of-its-kind, superior, Farm-to-Home milk concept catered to the consumers who believe in leading a healthy lifestyle and consuming natural and unadulterated products. Defining the edge of purity and high quality, the milk will come from a state-of-art dairy farm called Bhagyalaxmi Dairy, which consists of ~3,000 Holstein Freisan cows, and is equipped with the finest International technology for feeding, milking and processing of fresh milk.
Commenting on the occasion, Mr. Devendra Shah, Chairman, Parag Milk Foods said, “The Company’s revenues from Pride of Cowshas grown at a CAGR of 28 % over FY13-18 and it will continue to grow at this pace. Delhi NCR is the largest milk market of the country valued at around Rs. 11,000 crores and with Pride of Cows; we are going one-step further in strengthening our presence in cow’s milk in the region. Currently, we are catering to ~25,000 households in Mumbai, Pune and Surat. With the aim to reach out to more households across the country, we plan to increase the production at our farm. North India is one of the key market for us and we have plans to increase the goodness of cow’s milk in the region through our strong product portfolio in the near future”.
Elaborating on the launch, Akshali Shah, Senior Vice President, Strategy – Sales and Marketing, Parag Milk Foods said, “With the increasing wave of healthier life, niche consumers with their evolved taste prefer premium products to complement their lifestyle. As the direct consumption of fresh milk has increased, consumers have become mindful of the source of the milk they consume and the nutrient content, which has led them to invest more in premium milk, with Pride of Cows being a favourite. With an abundance of such consumers in Delhi NCR, we have spotted a huge opportunity for expansion in the region. After starting operations in South Delhi and Gurgaon, we plan to rollout the distribution in entire Delhi-NCR in the next couple of months. We will continue to maintain the exclusivity of the brand through a ‘by-invitation’ based model.”
Dairy consumption is highest in the region and the initiative will allow the company to strengthen the supply of cow’s milk and make the goodness of farm fresh milk reach Delhi NCR. The company recently acquired Danone facility in Sonipat and commenced the operations with pouch milk supply under their Gowardhan brand.
Priced at INR 120, per litre in Delhi NCR, consumers can subscribe to the premium milk on the Pride of Cows website. In the coming months, the company is planning to expand the product portfolio by introducing new milk variants under Pride of Cows.
Corporate Comm India(CCI Newswire)