Parag Milk Foods will participate in the Emkay Conference on August 12, 2026, engaging with analysts and investors through physical one-on-one and group meetings in Mumbai. The disclosure, filed under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, informs shareholders of the upcoming engagement schedule. The company emphasized that no unpublished price-sensitive information will be discussed during the event.

The meeting is scheduled to take place at a venue in Mumbai, though the specific location details were not provided in the filing. Parag Milk Foods noted that the schedule is subject to change due to exigencies involving the analysts, investors, or the company itself. Virendra Varma, Company Secretary and Compliance Officer, signed the intimation dated August 7, 2026.

Event Details

Compliance and Disclosure

The company submitted the schedule to both the BSE Limited and the National Stock Exchange of India Ltd. as part of its continuous disclosure obligations. The filing serves to ensure transparency regarding management’s interactions with market intermediaries. Investors are advised to monitor official communications for any updates regarding the schedule or venue changes.

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.