Parag Milk Foods Q2 FY27: PAT ₹56 & Rev ₹945 Cr

Metric	Value
Revenue	₹945 Cr
Net Profit (PAT)	₹56

📢 Key Event
Parag Milk Foods reported Q1 FY27 revenue of INR945 crores, up 11% YoY, with new-age brands contributing 13% of sales.

🔄 What Changed
New-age business revenue share increased from 9% to 13% YoY; cheese capacity expansion to 120 MT/day by March 2028; gross profit rose to INR258 crores.

🔮 What's Next
Target new-age revenue of INR620-650 crores in FY26; capacity expansion to 120 MT/day by March 2028; modest milk price inflation expected.

💡 Investor Takeaway
Growth in high-margin new-age products is accelerating, but PAT declined due to tax impacts despite stable core profitability.

Parag Milk Foods reported INR945 crores revenue in Q1 FY27, up 11% YoY, driven by 11% growth in flagship dairy categories contributing 61% of sales. Gross profit rose to INR258 crores, though PAT declined 20% due to tax impacts. The company expanded cheese capacity to 120 MT/day by March 2028 and grew new-age brands to 13% of revenue (up from 9% YoY), with Avvatar surging 59% YoY. Distribution bottlenecks for new products are being addressed through expansion to 1.5 million outlets. Gross margins remain stable at 27.3% despite milk price increases, supported by pricing discipline and premiumization.

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About Parag Milk Foods Limited (PARAGMILK)

Fast Moving Consumer Goods · FMCG · Listed on NSE

Market Cap: ₹3,378.9 Cr P/E: 25.5 ROE: 12.8% ROCE: 14.5% Div Yield: 0.41%

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🔥 Also filed on 13 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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