Parag Milk Foods earnings calls.
Consumer · 2 quarters tracked · source-linked performance, management guidance and promise context.
Latest revenue
₹945 Cr
verified financial record
Quarters tracked
2
source records in the directory
Delivery assessment
0
Across 1 tracked commitments: 0 delivered, 1 missed.
Call date
2026-05-15
latest available source date
Signal trajectory
1 actual quarterCurrent read
0/100
Across 1 tracked commitments: 0 delivered, 1 missed.
Latest source read
What changed this quarter?
Parag Milk Foods reported FY26 annual revenue of ₹3,800 crore, with double-digit growth and 5% volume growth. Core categories grew 8% in volume, while the new-age business (Avataar, Pride of Cows) surged 91% YoY, reaching ₹100 crore quarterly revenue for the second consecutive quarter, now contributing 10% of total revenue. Gross margins expanded to 28% in Q4 (vs 26.7% last year) despite 15% milk price inflation, driven by portfolio mix and pricing discipline. However, Q4 core category volumes declined 3% due to lower institutional/export sales. Management targets double-digit EBITDA margins and expects new-age business to reach 20-25% of revenue in 3-5 years. Capex guidance for FY27 is ₹60-70 crore. Risk: Employee costs surged due to ESOP and director remuneration changes, pressuring near-term profitability.
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Signal
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Revenue
₹945 Cr
Source date
2026-05-15
Across the record
Quarter history.
History modules