Mumbai, August 7, 2026: Parag Milk Foods Ltd. (PMFL), one of India’s leading dairy-focused FMCG companies, today announced that its Board of Directors has approved an investment of approximately ₹105 crore to double the company’s cheese manufacturing capacity from 60 metric tonnes per day (MT/day) to 120 MT/day.
The planned expansion is part of PMFL’s strategy to address rising demand for cheese and whey protein products while creating additional capacity to support new growth opportunities. The capital expenditure is expected to be funded through a combination of internal accruals and debt, with the expanded capacity targeted for completion by FY28.
Cheese is a key category within PMFL’s value-added product portfolio. Through its Go Cheese brand, the company has established a broad presence across retail and institutional channels, including general trade, modern trade, e-commerce, and quick commerce. The brand also serves institutional customers across hotels, restaurants, and catering.
The planned capacity expansion is expected to strengthen PMFL’s ability to respond to demand across both consumer and food-service segments while providing additional manufacturing headroom for product development and portfolio expansion.
According to estimates cited by the IMARC Group, India’s cheese market is projected to grow from approximately ₹129 billion in 2025 to ₹620 billion by 2034, supported by urbanization, changing consumer preferences, and the expansion of organized food-service channels.
The Go Cheese portfolio includes mozzarella, processed cheese, cheddar, cheese slices, spreads, cubes, sauces, cream cheese, pizza cheese, and specialty cheese solutions designed for retail and food-service applications.
Commenting on the development, Rahul Kumar Srivastava, Chief Operating Officer, Parag Milk Foods Ltd., said:
“Cheese is one of the key growth drivers for Parag Milk Foods and an important pillar of our value-added products portfolio. The Board’s approval represents another step in our phased roadmap to reach 120 metric tonnes per day and reflects our confidence in the long-term potential of the category. The additional capacity will strengthen our ability to serve evolving customer demand, improve manufacturing efficiency, and provide a foundation for future product innovation.”
The investment forms part of PMFL’s broader focus on expanding its value-added dairy portfolio and leveraging its integrated manufacturing and research and development capabilities to address evolving consumer and institutional demand.
About Parag Milk Foods Ltd.
Established in 1992, Parag Milk Foods Ltd. is a dairy FMCG company with a pan-India presence. The company operates manufacturing facilities at Manchar and Thorandale in Maharashtra and Palamner in Andhra Pradesh.
PMFL’s portfolio spans traditional dairy products, value-added dairy products, and sports nutrition. Its brands include Gowardhan, offering products such as ghee, dahi, paneer, and liquid milk; Go, which includes cheese, UHT milk, buttermilk, lassi, and flavored milk beverages; and Pride of Cows, a premium dairy brand based on a farm-to-home, single-origin proposition.
The company also operates in the whey protein-based sports nutrition segment through Avvatar, its vegetarian whey protein brand.
PMFL operates an integrated dairy model supported by in-house technology and research and development capabilities. Its Bhagyalaxmi dairy farm in Maharashtra houses more than 5,000 cows and uses automated milking systems.
The company aims to build a global nutrition-focused business by expanding its portfolio of dairy and nutrition products while continuing to focus on quality, innovation and consumer health.
