| Revenue growth | Q2 +23%, H1 +17.5% YoY |
|---|---|
| Margins | Q2 EBITDA 8.1% vs 7.3%; gross margin 26.0% |
| Demand visibility | Record Q2; all regions growing |
Growth
Q2 volume +12%, value +23%. Flagship +20%, New-age +71%, Ingredients +52%, liquid milk -11%. H1 revenue +17.5%.
Outlook
No numeric growth guidance. Cheese capacity 60→120 MT/day (₹105 Cr, FY28); paneer 20→80 MT/day (~₹100 Cr, Jun 2027).
Risks
Milk inflation (avg ₹45/L, +18% YoY). H1 operating cash flow negative ₹95 Cr; net debt up to ₹678 Cr; higher current tax.
Last quarter's promises, checked
Delivered
- Guided FY27 sales >10% → H1 +17.5%, Q2 +23% (= BEAT)
- Guided EBITDA margin held/up from 7.4% → Q2 8.1% (= BEAT)
- Guided better volume → Q2 +12% vs Q1 +3% (= BEAT)
Partly delivered
- Guided cheese 60→120 MT/day by Mar'28 → reiterated, not yet due (= PARTIAL)
Missed
- Guided gross margin stable at 27.3% → Q2 26.0% (= MISS)
- Guided milk ~₹42/L, slight rise → avg ₹45/L (+18% YoY) (= MISS)
- Guided stronger cash flow → H1 op CF -₹95 Cr, net debt ₹678 Cr (= MISS)
Investor Presentation filed with BSE, NSE: PARAGMILK. Summary written with AI assistance from the document.
Parag Milk Foods Ltd: key numbers
- Share price
- ₹249.52
- Market cap
- ₹3,134 Cr
- Revenue (annual)
- ₹3,818 Cr
- Net profit (annual)
- ₹135.1 Cr
- P/E (TTM)
- 24.2×Sector 40.4×
- Promoter holding
- 40.49%+0.00% QoQ
- FII holding
- 7.59%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Parag Milk Foods Ltd
All →Parag Milk Foods Results Update
Parag Milk Foods reported Q2 FY27 revenue of ₹1,241 Crore, up 23% YoY. The board also approved capacity expansion and a subsidiary amalgamation.
Parag Milk Foods Q2 FY27 Results: Net Profit ₹42 Cr, Down 7.9% YoY
Parag Milk Foods Ltd reported revenue from operations of ₹1,241 Cr (+23.1% YoY) and net profit of ₹42 Cr (-7.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹42 Cr · -7.9% YoY
Parag Milk Foods Debt & Borrowing: ₹71.83 Cr
Parag Milk Foods fully redeemed the remaining Rs. 71.83 Crore of its IFC NCDs early on October 30, 2026. No principal now remains outstanding on these debentures.
- Value
- ₹71.83 Cr
Parag Milk Foods Board Meeting Date
Parag Milk Foods has notified BSE of a board meeting on 3 November 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026. Trading window closure runs from 1 October to 5 November 2026.
Parag Milk Foods Other Announcement
Parag Milk Foods filed its quarterly shareholding pattern as of September 30, 2026. The filing includes notes on promoter group adjustments and reclassifications.
Parag Milk Foods Other Announcement
Sixth Sense India Opportunities III, a connected person, sold shares of Parag Milk Foods Ltd worth ₹9.36 Crore through market transactions.
- Value
- ₹9.36 Cr