Parag Milk Foods reported a consolidated revenue from operations of ₹944.57 crore for the quarter ended June 30, 2026 (Q1FY27), marking an 11% year-on-year increase and setting a new quarterly revenue record. The top-line growth was supported by an 11% value increase and a 3% volume growth. While consolidated EBITDA rose 6% to ₹68.30 crore, net profit declined 20% to ₹22.05 crore primarily due to current tax impacts in FY27. This performance underscores the company’s ability to navigate commodity inflation through disciplined pricing strategies despite a 13% year-on-year rise in milk procurement prices.

Financial Performance Overview

The company’s consolidated EBITDA margin stood at 7.23%, compared to 6.80% in the corresponding previous quarter, although the investor presentation cites a margin of 7.4% versus 7.7% last year, reflecting slight variations in reporting metrics. Gross margin contracted slightly quarter-on-quarter by 70 basis points to 27.3%, attributed to higher costs offsetting benefits from measured price increases and favorable product mix. On a standalone basis, revenue from operations reached ₹920.47 crore, up from ₹830.52 crore in Q1FY26. Standalone net profit was ₹25.43 crore, down from ₹32.35 crore in the prior year period.

Segment Growth Dynamics

The "New Age" business portfolio, comprising Pride of Cows and Avvatar, emerged as a key growth driver, recording robust revenue of ₹118 crore, a 59% surge year-on-year. Its contribution to overall turnover rose to 13% from 9% in the previous year. Avvatar strengthened its market position through product innovations like protein wafer bars and ready-to-drink protein coffee, which accounted for 7% of the brand’s revenue. Additionally, Avvatar partnered with India’s Got Latent Season 2, hosted by Samay Raina, which garnered over 64 million views on YouTube. The flagship categories—Ghee, Cheese, Paneer, and Dahi—contributed 61% of total revenue, delivering 10% value growth despite a 2% decline in volumes due to transient channel slowdowns.

Strategic Initiatives and Leadership

The Board of Directors approved a ₹105 crore brownfield expansion to double cheese manufacturing capacity from 60 MT/day to 120 MT/day, targeted for completion by FY28. This expansion also aims to drive parallel growth in whey protein generation. In leadership changes, Rakesh Kothari was elevated to Chief Financial Officer and Key Managerial Personnel with effect from August 7, 2026. Kothari brings over 25 years of experience from Citibank and Sadhana Nitro Chem. Statutory auditors Sharp & Tannan issued unmodified review conclusions on the results. The company also highlighted its strong balance sheet, with net debt reduced to ₹484 crore and a Net Debt/Equity ratio of 0.4x in FY26.

Parag Milk Foods will host an earnings conference call on August 7, 2026, to discuss its financial and operational performance for the quarter ended June 30, 2026 (Q1 FY27). The event is scheduled for 4:00 PM IST and aims to provide investors and analysts with insights into the company's latest results. This disclosure ensures transparency regarding the company's recent operational metrics ahead of detailed market analysis.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Parag Milk Foods Limited submitted the schedule to both the BSE Limited and the National Stock Exchange of India Ltd. The filing confirms that no unpublished price-sensitive information will be shared during the call. Virendra Varma, Company Secretary & Compliance Officer, signed the intimation on August 4, 2026.

Conference Call Details

Investors can participate in the group conference call using the dial-in details provided below. The company has listed access numbers for domestic participants as well as international toll-free numbers for various regions.

Participants are requested to register via the Diamond Pass registration link provided in the official notice. Changes to the schedule may occur due to exigencies on the part of the participants or the company.

Investor Relations

For further inquiries or RSVPs, investors may contact Brian Dpenha, Head-Investor Relations, at investors@parag.com . The company’s corporate office is located at the 10th Floor, Nirmal Building, Nariman Point, Mumbai, while the registered office remains in Pune, Maharashtra.