Milk drinks contribute 2-3% to sales and should increase going forward, says Venkys

B Venkatesh Rao, MD, Venkys said milk drinks contribute 2-3 percent to sales and should increase going forward.

“It should start picking up from October-November,” he added.

Rao said that entry and exclusion from ASM list has nothing to do with the company.

Talking about the business, he said, “Right now because of the festival season there is a bit of a glut and the rates are coming down of the broiler particularly, hatching eggs particularly. This happens throughout the seasonal time during the year.”

“The soybean extraction plant is coming in production after 6 month and the vegetable oil plant is also coming in production,” he said.