Parag Milk Foods Limited announced its Q1 financial results, reporting a record revenue of ₹852.00 crore, up 12% year-on-year. The company saw a 5% increase in overall volume, with core categories growing 9%. EBITDA increased by 6% to ₹66.00 crore, while PAT grew by 1% to ₹28.00 crore. The company maintains strong market positions in branded cow ghee (22%) and cheese (35%). New age business, including Pride of Cows and Avvatar brands, showed 57% year-on-year growth. The company is focusing on brand building and market expansion strategies as it prepares for the upcoming festive season.
Parag Milk Foods has approved a ₹161 crore capital raise through preferential issue of convertible warrants to optimize debt and fund growth. The company also expanded its product portfolio across brands, introducing high-protein and nutrient-rich offerings including new yogurts, paneer, buttermilk, and protein bars. The expansion aims to meet growing consumer demand for health-focused nutrition products.