Parag Milk Foods Ltd
NSE:PARAGMILK

Watchlist Manager
Parag Milk Foods Ltd Logo
Parag Milk Foods Ltd
NSE:PARAGMILK
Watchlist
Price: 308.7 INR -0.84% Market Closed
Market Cap: 38.6B INR

Parag Milk Foods Ltd
Investor Relations

Parag Milk Foods Ltd. is a holding company, which engages in the manufacture and sale of milk and dairy products. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2016-05-19. The firm offers a range of products, which include cheese, ghee, whey proteins, paneer, curd, yoghurt, milk products, liquid milk, milk-based beverages and milk powders. The firm's brands include Gowardhan, under which traditional dairy products, such as ghee, are marketed; Go, under which western lifestyle dairy products, such as cheese are marketed; Pride of Cows, under which premium milk is sold and Topp Up, under which flavoured milk is marketed. Bhagyalaxmi Dairy Farms Private Limited is the Company's subsidiary. The firm has three manufacturing and operating divisions, such as Plant 1, which is located at Manchar Plant: Awasari Phata, Post Manchar, Tal. Ambegoan Dist. Pune; Plant 2, which is located at Palamaner Plant; 149/1, Samudra Palli (Village), Pengaragunta (P.O. ), Palamaner (Mdl), Chittoor (Dist. ), A.P and Plant 3, which is located at Rai, Sonipat, Haryana.

Show more
Loading
PARAGMILK
BSE Sensex 30
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 12, 2025
AI Summary
Q2 2026

Record Revenue: Parag Milk Foods crossed INR 1,000 crore in quarterly revenue for the first time, reporting INR 1,008 crore for Q2 FY26, up 16% year-on-year.

Volume Growth: Company posted 10% volume growth and 14% volume growth in core categories (ghee, cheese, paneer) for the quarter.

New Age Business: Newer brands like Pride of Cows and Avvatar grew 79% year-on-year and now make up 9% of total turnover versus 6% last year.

Profitability: EBITDA grew 16% YoY to INR 89 crore with EBITDA margin steady at 8.9%. PAT surged 56% YoY.

Cost Headwinds Managed: Despite 16% inflation in milk prices, gross margin improved YoY due to better product mix and operational efficiency. Price hikes and product premiumization helped offset cost pressures.

Debt Reduction: Net debt reduced by INR 125 crore to INR 436 crore, with net debt-to-EBITDA at 1.4x.

Strategic Focus: Company is targeting INR 10,000 crore in revenue, continued margin improvement, and expanding health and nutrition segments.

Key Financials
Revenue
INR 1,008 crore
H1 Revenue
INR 1,859 crore
Core Categories Volume Growth
14%
New Age Business Turnover Share
9%
New Age Business Growth
79%
EBITDA
INR 89 crore
EBITDA Margin
8.9%
Operating Cash Flow (H1)
INR 99 crore
Net Debt
INR 436 crore
Net Debt to EBITDA
1.4x
Net Debt to Equity
0.4x
Average Milk Price
INR 38 per liter
B2C Revenue Share
70%
B2B Revenue Share
30%
Other Earnings Calls
2025

Management

Mr. Devendra Prakash Shah
Executive Chairman
No Bio Available
Mr. Pritam Prakash Shah
MD, Interim CFO & Executive Director
No Bio Available
Mr. Virendra Lalbahadur Varma
Company Secretary & Compliance Officer
No Bio Available
Ms. Akshali Devendra Shah
Senior VP of Strategy - Sales & Marketing and Executive Director
No Bio Available
Mr. Rahul Kumar Srivastava
Chief Operating Officer
No Bio Available
Ms. Sangeeta Tripathi
Senior Manager of Investor Relations
No Bio Available
Ms. Pournima Surve
Head of Corporate Communications & Public Relations
No Bio Available
Mr. Binod Das
Head of Sales
No Bio Available
Mr. Arvind Desai
Head of HR
No Bio Available
Mr. Sachin Rasiklal Shah
Senior Vice President of Southern Operations
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
20th Floor Nirmal Building, Nariman Point
Contacts