Ideas for Profit | Parag Milk Foods: Strong volume growth continues; accumulate

Parag Milk Foods, one of the largest private sector dairy companies, continues to witness volume-led growth. In recent times, there has been an improvement in milk demand-supply balance, which augurs well for pricing power. At the same time, increasing trend for value-added products, higher distribution reach and foray into north India should help in high teen earnings growth in the medium term.