Parag Milk Foods Ltd., one of India's leading dairy FMCG company has today announced the launch of its Farm-to-Home premium milk brand Pride of Cows in Singapore. With the objective of providing a farm fresh experience to consumers in Singapore, the company is airlifting the milk from India's largest dairy farm, located in Manchar, near Pune to Singapore. Singapore enjoys a reputation as a place for the well-heeled and has one of the largest per capita incomes in the world1.
Known for its established wealthy households and emerging affluent millennials who are looking for transformational experiences that fulfil their aspirations, Singapore is an ideal region for the expansion of Pride of Cows.
Commenting on the occasion, Mr. Devendra Shah, Chairman, Parag Milk Foods Ltd. said, "A typical Pride of Cows consumer has an evolved taste preference and is brand as well as health conscious. With an abundance of such consumers in Singapore, we have identified a huge opportunity for expansion there. As the consumption of fresh and organic milk has increased in Singapore, consumers have become mindful of the source of the milk they consume and its nutrient content and we believe that there is a dearth of such products in the country. Moreover, for the affluent consumer, experiential luxury is what truly drives spending, and a brand like Pride of Cows epitomizes those ideals."
Pride of Cows will initially be available through various home delivery platforms.
Shares of Parag Milk Foods Ltd was last trading in BSE at Rs.240 as compared to the previous close of Rs. 241.15. The total number of shares traded during the day was 15482 in over 718 trades.
The stock hit an intraday high of Rs. 244 and intraday low of 239.6. The net turnover during the day was Rs. 3734478.
1. International Monetary Fund World Economic Outlook - As on April 2019