Date: September 21, 2026

Board Meeting Outcomes

  • The Company proposes to augment its paneer manufacturing capacity by approximately 60 MT per day through brownfield and greenfield expansion initiatives
  • Upon completion, the Company's aggregate paneer manufacturing capacity will increase from 20 MT per day to approximately 80 MT per day
  • Investment required: ₹100 Crore (approximately)
  • Mode of financing: Internal accruals/Borrowings/Lease
  • Period for capacity addition: Financial Year 2027-28

Expansion / Strategic Actions

Capacity Details:

  • Existing capacity: 20 MT per day (close to full utilization)
  • Proposed additional capacity: 60 MT per day
  • Final aggregate capacity: 80 MT per day

Location:

  • Manchar, Maharashtra
  • Palamaner, Andhra Pradesh

Timeline:

  • Expected commissioning: June 2027
  • Implementation period: Financial Year 2027-28

Product Scope:

  • Regular paneer
  • High protein paneer

Strategic Rationale:

  • To support the Company's future business plans and capacity requirements due to growing market demand
  • To capitalize on market shift from unorganized to organized players (currently 5-6% organized)
  • To strengthen national footprint across standard and high-protein ranges
  • To leverage manufacturing scale and packaging innovation for wider distribution

Market Context

Company Business:

  • Value added products contribute more than 90% of company's turnover
  • Paneer is a flagship category growing by 28% over the last two years
  • Company offers shelf life of up to 75 days without preservatives through advanced manufacturing and packaging technology

Market Size:

  • Indian paneer market valued at ₹73,140 crore in 2025 (IMARC report)
  • Projected to reach ₹2.15 lakh crore by 2034
  • CAGR of 12.34% between 2026 and 2034

Distribution Channels:

  • General Trade
  • Modern Trade
  • Quick Commerce
  • Ecommerce
  • HoReCa (Hotels, Restaurants, Catering)