India, Sept. 22 -- Parag Milk Foods has moved on a capacity decision that's been building for a while, given how tightly one of its core categories has been running against its own manufacturing limits. The company is committing a nine-figure sum toward new production lines, with completion penciled in for 2027. It's the second such move in recent months, following a similar decision elsewhere in the portfolio together pointing to a clearer picture of where management wants the business to grow next.

Shares of Parag Milk Foods Ltd are trading at Rs. 275.90, up 1.70 percent on Tuesday. The stock touched the intraday high of Rs. 281.75 after opening at Rs. 278.00 before slipping to a low of Rs. 270.25. The company commands a market capita...