Latest news about Parag Milk Foods
Parag Milk Foods
213.22
-0.81(-0.38%)
Company Performance:
View Company Insights1D-0.38%
1M-4.24%
6M-40.67%
1Y-2.60%
5Y+47.92%
More news about Parag Milk Foods
09May 26
Parag Milk Foods Confirms No Deviation in Warrant Fund Utilisation for Q4FY26
Parag Milk Foods Limited filed its Monitoring Agency Report for the quarter ended March 31, 2026, confirming no deviation in the utilisation of INR 40.30 Crore raised through a preferential issue of 90,00,000 Convertible Share Warrants at INR 179.10 per warrant. As of March 31, 2026, INR 40.00 Crore had been utilised across four objects — Debt Reduction (INR 17.50 Crore), Working Capital (INR 7.80 Crore), Capital Expenditure (INR 5.00 Crore), and General Corporate Purpose (INR 9.70 Crore) — with INR 0.30 Crore remaining unutilised. India Ratings & Research Private Limited, the Monitoring Agency, confirmed full compliance with the offer document disclosures, with no adverse comments from the Audit Committee or Board of Directors.
05May 26
Parag Milk Foods Receives Promoter Group Reclassification Request from Vitalia Tradeglob
Parag Milk Foods Limited received a request dated May 3, 2026, from Vitalia Tradeglob Private Limited, a promoter group member with Nil shareholding, seeking reclassification to the public category under Regulation 31A of SEBI LODR Regulations. The request is subject to Board of Directors' approval and no-objection from stock exchanges, with the intimation filed on May 4, 2026.
10Apr 26
Parag Milk Foods Submits SEBI Compliance Certificate for Q4 FY26
Parag Milk Foods Limited filed its SEBI compliance certificate for Q4 FY26, confirming no dematerialization or rematerialization requests were received during the quarter ended March 31, 2026. The certificate, prepared by KFin Technologies Limited and submitted by Company Secretary Virendra Varma, fulfills regulatory requirements under SEBI Regulation 74(5) and was filed with both stock exchanges and depositories.
05Feb 26
Parag Milk Foods Confirms No Deviation in Fund Utilization for Q3 FY26
Parag Milk Foods has filed its no deviation statement for Q3 FY26, confirming complete compliance in utilizing ₹40.00 crores from its preferential issue of convertible warrants. The funds were deployed exactly as planned across debt reduction (₹17.50 crores), working capital (₹7.80 crores), capital expenditure (₹5.00 crores), and general corporate purposes (₹9.70 crores), with monitoring agency India Ratings & Research confirming no material deviations from stated objects.
05Feb 26
Parag Milk Foods Makes Q3FY26 Earnings Call Recording Available for Investors
Parag Milk Foods delivered strong revenue growth in Q3FY26 with consolidated revenue increasing 14.50% to ₹1,012.69 crores, while standalone revenue grew 13.30% to ₹984.19 crores. However, profitability faced pressure with consolidated net profit declining 18.00% to ₹29.57 crores and EBITDA margin dropping to 6.71%. The company has made its Q3FY26 earnings conference call recording available on its website for stakeholder transparency.
19Nov 25
Sixth Sense India Opportunities-III Reduces Stake in Parag Milk Foods
Sixth Sense India Opportunities-III has significantly reduced its stake in Parag Milk Foods Limited through open market sales. The fund sold a total of 21,47,587 equity shares in two phases, reducing its ownership from 7.10% to 5.06% of the total share capital. The transaction was conducted in compliance with SEBI regulations.
17Nov 25
Parag Milk Foods Achieves Milestone: Quarterly Revenue Surpasses INR 1,000 Crore
Parag Milk Foods Limited achieved a milestone in Q2 FY26, surpassing INR 1,000 crore quarterly revenue for the first time. The company reported INR 1,008.00 crores in revenue, marking a 16% year-on-year growth with 10% volume growth. Core categories saw 14% volume growth, contributing 59% of total revenue. New age business, including Pride of Cows and Avvatar brands, grew 79% year-on-year. EBITDA stood at INR 89.00 crores with an 8.9% margin. The company reduced consolidated net debt by INR 125.00 crores to INR 436.00 crores, improving financial ratios. Strategic initiatives included product innovation, geographical expansion, and enhanced digital presence.
13Nov 25
Parag Milk Foods Reports No Deviation in Preferential Issue Fund Utilization for September Quarter
Parag Milk Foods Limited's monitoring agency report for Q3 2025 shows no deviation in the utilization of funds raised through preferential issue of convertible share warrants. The company issued 90,00,000 warrants at INR 179.10 each, raising INR 40.30 crores as upfront consideration. Funds were allocated for debt reduction (INR 17.50 crores), working capital (INR 7.80 crores), capital expenditure (INR 5.30 crores), and general corporate purposes (INR 9.70 crores). INR 35 crores have been utilized, with the remaining INR 5.30 crores invested in fixed deposits and bank balance. The monitoring agency confirmed compliance with stated objectives and regulatory requirements.
12Nov 25
Parag Milk Foods Reports Q2 FY26 Results: Revenue Crosses ₹1,000 Crore Mark
Parag Milk Foods Limited reported its highest-ever quarterly revenue of ₹1,008.00 crore in Q2 FY26, marking a 16% year-over-year growth. The company saw a 56% increase in Profit After Tax to ₹46.00 crore. EBITDA grew by 16% to ₹89.00 crore, maintaining a margin of 8.9%. The company reduced its consolidated net debt to ₹436.00 crore, improving its debt to EBITDA ratio to 1.4 times. Core categories showed strong performance, with new age businesses growing 79% year-over-year. Despite dairy market inflation, PMFL maintained its EBITDA margin while passing on costs.
11Nov 25
Parag Milk Foods Reports Record Q2 Revenue of Rs 1,008 Cr, PAT Grows 56% YoY
Parag Milk Foods Limited (PMFL) reported strong Q2 FY24 results with consolidated revenue reaching Rs 1,008.00 crores, a 16% YoY growth. Profit After Tax (PAT) increased by 56% to Rs 46.00 crores. EBITDA grew 16% to Rs 89.00 crores with an 8.9% margin. Core categories saw 14% volume growth, while new age businesses grew 79%. The company reduced net debt by Rs 125.00 crores to Rs 436.00 crores. PMFL also converted Foreign Currency Convertible Bonds, allotting 87,38,713 equity shares at Rs 135.00 per share.
04Nov 25
Parag Milk Foods Faces Rs 6.14 Lakh Penalty from Food Safety Authority
Parag Milk Foods Limited has been penalized Rs 6.14 lakh by the Food Safety and Standards Authority of India (FSSAI) for alleged substandard products at two locations: Rs 1.14 lakh in Udaipur and Rs 5.00 lakh in Lunawada. The company maintains the products were fit for consumption and states there is no material impact on operations. Parag Milk Foods reserves the right to appeal the orders.
03Sept 25
Parag Milk Foods Proposes GST Removal on Paneer
Parag Milk Foods, a leading Indian dairy company, has proposed removing the Goods and Services Tax (GST) on paneer. This move could potentially reduce paneer prices, making it more accessible to consumers. The proposal may impact the entire dairy industry and is subject to review by the GST Council and government authorities. It could affect paneer consumption, market dynamics for dairy products, and tax revenues.
27Jul 25
Parag Milk Foods Achieves Record Q1 Revenue of ₹852 Crore, Up 12% YoY
Parag Milk Foods achieved its highest ever Q1 revenue of ₹852.00 crore, a 12% year-on-year growth. Core categories (cheese, ghee, paneer) grew 9% in volume and 14% in value, contributing 57% of total revenue. The company maintained market leadership with Gowardhan ghee at 22% and Go cheese at 35% market share. Despite an 18% increase in milk prices, EBITDA grew 6% with a 7.7% margin. New age business grew 57% year-on-year, now contributing 9% of total revenue. Daily milk procurement increased 10% to 16.5 lakh litres. The company targets ₹10,000.00 crore revenue in the next five years.
22Jul 25
Parag Milk Foods Reports Strong Q1 Performance with 12% Revenue Growth
Parag Milk Foods Limited (PMFL) announced robust Q1 financial results. Standalone revenue increased 12% to ₹898.69 crore, while profit after tax rose to ₹32.43 crore. The company maintained market leadership in key categories, with a 22% share in branded cow ghee and 35% in cheese. PMFL also approved amendments to its insider trading policy and reappointed Deloitte as internal auditor for the next two years.
21Jul 25
Parag Milk Foods Reports Record Q1 Revenue, Targets 39% CAGR in New Age Brands
Parag Milk Foods Limited (PMFL) announced its Q1 financial results, reporting a record revenue of ₹852.00 crore, up 12% year-on-year. The company saw 5% overall volume growth, with core categories experiencing 14% value growth and 9% volume growth. EBITDA was ₹66.00 crore with a 7.7% margin. PBT grew 9% to ₹29.00 crore. PMFL is strengthening its position in value-added dairy, with core categories contributing 57% of total revenue. New age brands now constitute 9% of overall business, up from 6% last year, with a 57% year-on-year revenue surge. The company aims for a 39% CAGR in new age brands and is focusing on expanding core categories, brand building, and strengthening D2C efforts.
21Jul 25
Parag Milk Foods Reports Strong Q1 Performance with 12% Revenue Growth
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.
05Jun 25
Parag Milk Foods May Be Impacted by Potential GST Rate Reduction on Food Products
The Indian government is considering lowering GST rates for various food products, which could affect companies in the food industry, including Parag Milk Foods Ltd. This potential change may impact pricing structures, consumer demand, and market competitiveness in the food sector. As a major dairy product manufacturer, Parag Milk Foods could see significant effects on its operations and financial outlook if the GST reduction is implemented.
05May 25
Parag Milk Foods Reports Robust Q4 Performance: Revenue Up 16.2%, Profit Surges 166.8%
Parag Milk Foods announced impressive Q4 FY2024-25 results, with revenue up 16.2% to ₹918.25 crore and profit after tax soaring 166.8% to ₹26.20 crore. EBITDA increased by 67.7% to ₹62.00 crore, with margin expanding to 6.80%. The company implemented a ₹2.00 per litre price hike from May 1, 2025, to offset rising costs. Earnings calls are scheduled for May 5, 2025, to discuss performance with investors and analysts.
03Apr 25
Parag Milk Foods Raises ₹161 Crore Through Preferential Issue, Expands Product Portfolio
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.
02Apr 25
Parag Milk Foods Expands Portfolio with High-Protein, Nutrient-Rich Offerings
Parag Milk Foods Ltd has introduced a range of high-protein and nutrient-rich products across its flagship brands Gowardhan, Go, Pride of Cows, and Avvatar. New offerings include crunchy chikki, fruit yogurt, low-fat paneer, Greek yogurt, mozzarella balls, and protein bars. The company aims to cater to the growing demand for healthier food options, with products available through various retail channels and e-commerce platforms. This expansion aligns with projected market growth in fruit yogurt, paneer, and premium protein bar segments in India.
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