Parag Milk Foods Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 4, 2026, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Standalone Financial Performance

The company demonstrated robust growth in its standalone operations during the third quarter. Revenue from operations increased significantly compared to the previous year, while maintaining healthy profit margins despite operational challenges.

EBITDA Performance Analysis

The company's EBITDA performance showed a decline during the third quarter, reflecting margin pressures despite revenue growth. EBITDA for Q3 stood at ₹68.00 crores compared to ₹73.70 crores in the corresponding quarter of the previous year, marking a year-on-year decrease.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, Parag Milk Foods maintained strong momentum across key financial metrics. The company's revenue growth trajectory continued with substantial improvements in operational efficiency.

Consolidated Financial Results

The consolidated financial results, which include subsidiary Bhagyalaxmi Dairy Farms Private Limited, showed mixed performance with strong revenue growth offset by profit decline. The consolidated revenue from operations reached ₹1,012.69 crores for Q3FY26 compared to ₹884.72 crores in Q3FY25, representing a growth of 14.50%.

Exceptional Item Impact

The company recognized an exceptional item of ₹5.39 crores in standalone results and ₹5.72 crores in consolidated results during Q3FY26. This one-time charge relates to the implementation of new Labour Codes notified by the Government of India on November 21, 2025, which resulted in increased provision for employee benefits.

Earnings Conference Call Recording Available

Following the announcement of Q3FY26 results, Parag Milk Foods has made available the audio recording of its earnings conference call held on February 5, 2026. The call discussed the company's financial and operational performance for the quarter and nine months ended December 31, 2025, with investors and analysts.

The recording can be accessed through the company's official website at paragmilkfoods.com under the investor relations section. This initiative demonstrates the company's commitment to transparency and maintaining open communication with its stakeholders regarding financial performance and strategic developments.

Board Meeting and Regulatory Compliance

The Board meeting commenced at 6:00 PM IST and concluded at 9:10 PM IST on February 4, 2026. The directors also approved amendments to the company's policy on Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). The financial results have been reviewed by statutory auditors Sharp & Tannan, who issued unmodified review conclusions for both standalone and consolidated results.

Sixth Sense India Opportunities-III, a scheme of Sixth Sense Ventures Trust, has significantly reduced its stake in Parag Milk Foods Limited through a series of share sales. The fund, which is registered as a Category II Alternative Investment Fund with SEBI, disposed of a total of 21,47,587 equity shares in the open market.

Details of the Transaction

The share sales occurred in two phases:

1. 20,29,830 equity shares sold between September 15 and September 23
2. 1,17,757 equity shares sold on November 14

This disposal has triggered a 2% change in shareholding since the last disclosure made on July 30.

Impact on Shareholding

The transaction has resulted in a substantial decrease in Sixth Sense India Opportunities-III's ownership of Parag Milk Foods Limited. Here's a breakdown of the changes:

Additional Information

• The total share capital of Parag Milk Foods Limited remains unchanged at INR 1,25,10,95,540.
• The diluted share capital of the company as of September 30 was INR 1,34,68,85,390.
• Sixth Sense India Opportunities-III is not part of the promoter or promoter group of Parag Milk Foods Limited.

This transaction was reported under Regulation 29(2) read with Regulation 29(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The sale represents a significant reduction in Sixth Sense India Opportunities-III's stake in Parag Milk Foods Limited. Investors and market analysts may want to monitor any further changes in the ownership structure of Parag Milk Foods Limited.