"We have undertaken many expansions during the last few years. We have introduced and established four brands – Gowardhan, Go, Pride of Cows and ToppUp, a new brand for beverages. Looking at the growth we are expecting Rs 1,500 crore revenue in 2014-15," Parag Milk Foods Chairman Devendra Shah told reporters here.
The company had posted Rs 1,450 crore revenue in FY14.
Parag Milk Foods is also planning to add products like cream under its Go brand and whay-based beverages by the end of this year.
The company, Shah said, will invest Rs 120 crore through inter accrual this year for strengthening the brand and expansions.
Last year, the company had spent Rs 75 crore, he added.
When asked about exports, he said, currently the ratio for domestic and exports are 80:20 and the company is targeting to increase its overseas shipments by another 10-20 per cent mainly focusing on neighbouring countries, South East Asia and the middle east.
"Currently we are exporting to countries in the South East Asia, Middle East and our neighbouring nations as well. We have recently started exporting ghee to the US. Going forward we are planning to strengthen our existing markets and also venture to North African countries like Morocco," he said.
Today the company announced their new corporate identity and unveiled their new logo.
"This strategic move is intended to bring all our brands together under the new umbrella corporate brand, helping to build a stronger brand connect and recall with the parent company," Shah said.

Latest News  from Business News Desk