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Earnings Call

Parag Milk Foods Earnings Call: Key Takeaways

Parag Milk Foods achieved INR 3,800+ crore annual revenue in FY26, driven by a 91% surge in its 'New Age' segment and improved gross margins of 28%.

Highlights
Revenue growthDouble-digit growth; crossed INR 3,800 crore annually.
MarginsGross margins expanded to 28% in Q4 FY26 despite inflation.
Demand visibilityStrong traction in e-commerce/quick-commerce for protein and premium dairy.
Management confidenceHigh; citing structural strength and pricing power to navigate inflation.

Growth

FY26 revenue grew double-digits with 5% volume growth; New Age business (Avvatar/Pride of Cows) crossed INR 100cr quarterly.

Outlook

Targeting INR 10,000cr revenue road map; INR 60-70cr capex planned for FY27; New Age segment to reach 20-25% share.

Risks

Elevated milk prices (INR 42/L, up 15% YoY) and inflationary pressures on fuel and packaging materials.

Source

Earnings Call filed with BSE, NSE: PARAGMILK. Summary written with AI assistance from the document.

Read the document ↗

Parag Milk Foods Ltd: key numbers

Share price
₹268.90
Market cap
₹3,378 Cr
Revenue (annual)
₹3,818 Cr
Net profit (annual)
₹135.1 Cr
P/E (TTM)
26.1×Sector 43.4×
Promoter holding
40.49%-0.16% QoQ
FII holding
7.46%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Parag Milk Foods Ltd

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11:27 IST BSE
Capital Structure Change

Parag Milk Foods Capital Structure Change

Sixth Sense India Opportunities III sold 29,54,115 shares of Parag Milk Foods Limited, triggering a 2% change in their shareholding per SAST regulations.

12:42 IST BSE
Other Announcement

Parag Milk Foods Other Announcement

Sixth Sense India Opportunities III, a Connected Person of Parag Milk Foods Ltd, sold 8,00,000 equity shares in the open market. The transaction value totaled ₹21.98 Crore.

Value
₹21.98 Cr
12:41 IST BSE
Other Announcement

Parag Milk Foods Other Announcement

Sixth Sense India Opportunities III, a connected person of Parag Milk Foods Ltd, sold shares worth ₹41.30 Crore. The total stake decreased from 4.27% to 3.08% via open market sales.

Value
₹41.30 Cr
21:26 IST NSE
Capacity Expansion

Parag Milk Foods Capacity Expansion: ₹100 Cr Investment

Parag Milk Foods plans a ₹100 Crore investment to increase its paneer manufacturing capacity by 60 MT/day, taking total daily capacity to 80 MT.

Value
₹100.0 Cr
paneer manufacturing capacity
60.0 MT/day
09:30 IST BSE
Management Change

Parag Milk Foods Management Change

Parag Milk Foods appointed Phalgun Trivedi as Chief – R&D, Quality Control and Food Safety Officer. The hire brings 30+ years of global food and dairy expertise to the role.

11:27 IST NSE
Business Update

Parag Milk Foods Business Update

Parag Milk Foods rebranded Pride of Cows with a new lifestyle identity developed alongside Pollinate. The refresh reaffirms the single-origin farm-to-home proposition for its premium dairy brand.