Parag Milk CFO resigns

1 Jan 2022 , 09:53 AM

The dairy product manufacturer said that Dalmia has resigned on account of personal reasons and the same has been accepted by the company.

As a part of the new 6-C Strategy adopted by the company, Parag Milk said that it is already looking at strengthening the professional senior management team including appointment of CFO along-with other key senior positions. The new appointment shall be communicated to the stock exchanges in due course, the company added in a press release.

Parag Milk Foods is engaged in manufacturing and processing of milk and milk products. The company offers a range of products, which include cheese, ghee, whey proteins, paneer, curd, yoghurt, milk products, liquid milk, milk-based beverages and milk powders.

Parag Milk Foods consolidated net profit soared 43.2% to Rs 22.77 crore on a 6.8% increase in net sales to Rs 532.32 crore in Q2 FY22 over Q2 FY21.

Shares of Parag Milk ended 1.59% higher at Rs 111.90 on Friday.

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