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16 அறிவிப்புகள் பொருந்தும் தாக்கம் 5+ Symbol: PARAGMILK
நேர்மறை தாக்கம் 7/10 நிதி முடிவுகள்

Parag Milk Foods Q2 Concall: Revenue Hits ₹1,241 Cr (+23% YoY); Approves ₹205 Cr Capex

Parag Milk Foods reported record quarterly revenue of ₹1,241 crore, up 23% YoY, backed by 12% volume growth and stronger pricing. EBITDA grew 37% YoY to ₹101 crore with margins expanding to 8.1%, while PAT climbed 42% YoY to ₹42 crore. The company's board approved a ₹205 crore capex plan to quadruple paneer capacity (to 80 MT/day) and double cheese capacity (to 120 MT/day), which will also double in-house whey protein raw materials. However, net debt increased from ₹484 crore in March 2026 to ₹678 crore by September 2026 due to working capital and inventory inflation.

நேர்மறை தாக்கம் 7/10 நிதி முடிவுகள்

Parag Milk Q2 Revenue Up 23% to ₹1,241 Cr; Approves 4x Paneer Expansion and Dairy Merger

Parag Milk Foods reported its highest-ever Q2 consolidated revenue of ₹1,241 crore, up 23.1% YoY, driven by 12% volume growth and a 71% surge in its New Age business (Avvatar and Pride of Cows). Normalized EBITDA rose 37.2% YoY to ₹101 crore, with margins expanding to 8.1% from 7.3% last year. Normalized PAT grew 41.5% YoY to ₹42 crore, although reported PAT fell 7.9% YoY to ₹42 crore due to base-year FCCB MTM gains and higher current tax charges. Strategically, the Board approved a 4x paneer capacity expansion from 20 MT to 80 MT per day and the amalgamation of Bhagyalaxmi Dairy Farms.

நடுநிலை தாக்கம் 6/10 M&A

Parag Milk Foods Approves Merger of Wholly Owned Subsidiary Bhagyalaxmi Dairy Farms

Parag Milk Foods has approved the scheme of amalgamation to merge its wholly owned subsidiary, Bhagyalaxmi Dairy Farms Private Limited, into itself. Bhagyalaxmi Dairy Farms reported a turnover of ₹107.25 crore and total assets of ₹315.21 crore for the half-year ended September 30, 2026. Because Bhagyalaxmi is a 100% subsidiary, no shares or cash consideration will be issued, leaving Parag Milk's equity share capital and shareholding pattern completely unchanged. The merger aims to simplify the corporate structure, optimize capital, and drive operational synergies across the 'Pride of Cows' brand.

நேர்மறை தாக்கம் 6/10 மற்றவை

Parag Milk Foods Pre-pays Entire Rs 71.83 Cr IFC Debentures Ahead of 2029 Maturity

Parag Milk Foods Limited has completed the early redemption of its remaining outstanding unlisted Non-Convertible Debentures (NCDs) amounting to Rs 71.83 crore. These NCDs were originally issued to the International Finance Corporation (IFC) in May 2021 for an aggregate sum of Rs 150 crore and were scheduled to mature on June 15, 2029. With this repayment, there is zero outstanding principal remaining on these debentures. Relative to the company's total debt of Rs 499 crore, this redemption cuts debt by approximately 14.4%, leading to lower interest obligations.

நேர்மறை தாக்கம் 7/10 விரிவாக்கம்

₹100 Cr Capex: Parag Milk Foods to Quadruple Paneer Capacity to 80 MT/Day

Parag Milk Foods has announced a ₹100 crore expansion to quadruple its paneer manufacturing capacity from 20 MT/day to 80 MT/day. The existing 20 MT/day capacity is running close to full utilisation, driven by a 28% growth in paneer sales over the last two years. The proposed brownfield and greenfield additions across Manchar (Maharashtra) and Palamaner (Andhra Pradesh) are slated for commissioning by June 2027 (FY28). The investment represents approximately 7.7% of net worth (₹1,291 crore) and will be funded through a mix of internal accruals, borrowings, and lease arrangements.

📊 கடந்த 7 நாட்கள் — உணர்வு அடிப்படையில் பகுப்பாய்வு செய்யப்பட்ட அறிவிப்புகள்

நேர்மறைஎதிர்மறைநடுநிலைகவனம்
நேர்மறை தாக்கம் 7/10 நிதி முடிவுகள்

Parag Milk to Double Cheese Capacity to 120 MT/day; Q1 Revenue Hits Record Rs 945 Cr

Parag Milk Foods reported its highest-ever Q1 revenue of Rs 945 crore, up 11% YoY, driven by a 59% surge in its 'New Age' business (Avvatar and Pride of Cows). The company announced a major capacity expansion, doubling cheese production from 60 MT/day to 120 MT/day over the next 18 months to support its high-margin whey protein segment. While EBITDA grew 6% to Rs 70 crore, PAT declined 20% YoY to approximately Rs 22 crore (implied) due to a higher tax impact. Raw milk costs rose 13% YoY to Rs 42/litre, which the company successfully passed through via calibrated price hikes.

நேர்மறை தாக்கம் 8/10 நிதி முடிவுகள்

₹945 Cr Q1 Revenue; Board Approves Doubling Cheese Capacity to 120 MT

Parag Milk Foods reported an 11% YoY revenue growth to ₹945 crore for Q1 FY27, driven by a 59% surge in its high-margin 'New Age' business (Avvatar and Pride of Cows). The board has approved a major strategic expansion to double cheese production capacity from 60 MT to 120 MT per day, targeting the high-growth whey protein segment. While EBITDA grew 6% to ₹70 crore, PAT declined 20% to ₹22 crore, primarily due to a higher tax impact. Milk procurement prices rose 13% YoY to ₹42/litre, which the company partially mitigated through pricing and product mix adjustments.

நேர்மறை தாக்கம் 8/10 நிதி முடிவுகள்

Parag Milk Foods FY26 Revenue Hits ₹3,800 Cr; New Age Business Grows 91%

Parag Milk Foods reported a strong FY26 with annual revenue crossing ₹3,800 crores and a 5% overall volume growth. The company's New Age business, comprising Avvatar and Pride of Cows, saw a massive 91% growth, now contributing 10% to total revenue. Despite a 15% YoY increase in milk prices to ₹42/litre, Q4 gross margins improved to 28% through better product mix and pricing discipline. Management aims for the New Age segment to reach 20-25% of total revenue within the next 3-5 years.

நேர்மறை தாக்கம் 7/10 விரிவாக்கம்

Parag Milk Foods Launches Avvatar Protein Cold Coffee; New-Age Segment Grew 91% YoY in FY26

Parag Milk Foods has entered the high-growth ready-to-drink (RTD) protein segment through a strategic partnership with Tetra Pak. The company launched Avvatar Protein Cold Coffee, priced at ₹120, offering 15g of protein per 250ml pack with no added sugar. This launch follows a strong performance in FY26, where the company's new-age business segment, including the Avvatar brand, recorded a 91% year-on-year growth. The product aims to address the 73% protein deficiency in India by integrating nutrition into a familiar daily beverage format.

நேர்மறை தாக்கம் 8/10 நிதி முடிவுகள்

Parag Milk Foods FY26 PAT Rises 19% to ₹141 Cr; New Age Business Grows 91%

Parag Milk Foods reported a strong FY26 with record revenue of ₹3,818 crore, up 11% YoY, and a 19% increase in PAT (before exceptional items) to ₹141 crore. Despite a 15% YoY surge in milk procurement prices to ₹42/litre in Q4, the company expanded its gross margins to 28% through a premium product mix and calibrated price hikes. The high-margin 'New Age' segment (Avvatar and Pride of Cows) showed exceptional momentum, growing 91% during the year and now contributing 10% to total turnover. The company also strengthened its balance sheet through equity infusion via warrants and FCCB conversions.

நேர்மறை தாக்கம் 8/10 நிதி முடிவுகள்

Parag Milk Foods FY26 Revenue at ₹3,742 Cr; Recommends ₹1.10 Dividend and Allots 10L ESOP Shares

Parag Milk Foods reported a total revenue of ₹3,742.03 crores for FY26, with Q4 revenue standing at ₹946.17 crores. The Board recommended a final dividend of ₹1.10 per share (11% of face value) for the fiscal year, subject to shareholder approval. To support employee incentives, 1,000,000 equity shares were allotted to the ESOP Trust, increasing the total paid-up capital to ₹126.11 crores. The company also moved a promoter group entity with zero holding to the public category, streamlining its shareholding structure.

நேர்மறை தாக்கம் 7/10 ஒழுங்குமுறை

Parag Milk Foods Credit Rating Upgraded to IND BBB+; Outlook Stable

India Ratings and Research has upgraded Parag Milk Foods' credit rating for bank facilities and Non-Convertible Debentures (NCDs) to 'IND BBB+' from 'IND BBB'. The short-term rating has also seen an upgrade to 'IND A2' from 'IND A3+', indicating improved liquidity and creditworthiness. The rating action covers bank facilities worth INR 6,000 million and NCDs worth INR 810 million. This upgrade suggests a strengthening financial profile and potentially lower future borrowing costs for the dairy major.

நேர்மறை தாக்கம் 8/10 நிதி முடிவுகள்

Parag Milk Foods Q3 FY26: Revenue Crosses ₹1,000 Cr; New Age Business Surges 123% YoY

Parag Milk Foods reported its highest-ever quarterly revenue of over INR 1,000 crores, marking a 14% YoY growth driven by an 8% increase in volumes. The high-margin New Age segment, including Avvatar and Pride of Cows, crossed the INR 100 crore quarterly milestone for the first time with a massive 123% YoY growth. While milk inflation of 20% YoY pressured gross margins to 25.9%, the company maintained sequential margins through calibrated price hikes and an improved product mix. For the 9-month period, PAT before exceptional items grew by 17% to INR 109 crores, showcasing underlying operational resilience.

நேர்மறை தாக்கம் 8/10 நிதி முடிவுகள்

Parag Milk Foods Q3 FY26: Revenue Hits Record ₹1,013 Cr; New-Age Biz Crosses ₹100 Cr Mark

Parag Milk Foods reported its highest-ever quarterly revenue of ₹1,013 crore, marking a 14% YoY growth driven by strong performance in core categories and a 123% surge in its new-age business. While volumes grew by 8%, EBITDA margins contracted to 7.6% from 9.0% due to a 20% YoY spike in milk procurement prices. The New Age segment, comprising Avvatar and Pride of Cows, now contributes 9% to total revenue, crossing the ₹100 crore quarterly milestone for the first time. Despite inflationary pressures, the company maintained sequential gross margins through calibrated pricing and an improved product mix.

நடுநிலை தாக்கம் 8/10 நிதி முடிவுகள்

Parag Milk Foods Q3 FY26: Revenue Crosses INR 1,000 Cr Mark, Up 14% YoY; PAT Down 18%

Parag Milk Foods reported its highest-ever quarterly revenue of INR 1,013 crore, representing a 14% YoY growth driven by strong performance in core categories and a 123% surge in its New Age Business. However, profitability was pressured by a 20% YoY increase in raw milk prices, leading to a 140 bps contraction in EBITDA margins to 7.6%. While reported PAT fell 18% to INR 30 crore, the adjusted PAT (before exceptional items) remained relatively stable at INR 35 crore. The company successfully maintained sequential gross margins at 25.9% despite rising input costs through pricing strategies and a better product mix.

நடுநிலை தாக்கம் 8/10 நிதி முடிவுகள்

Parag Milk Foods Q3 FY26 Revenue Up 13% YoY to ₹984 Cr; PAT Flat at ₹34.6 Cr

Parag Milk Foods reported a 13.3% YoY growth in standalone revenue for Q3 FY26, reaching ₹984.19 crore. Net profit remained nearly stagnant at ₹34.55 crore compared to ₹34.18 crore in the previous year, largely due to a one-time exceptional charge of ₹5.39 crore for labor code provisions. While the 9-month performance remains strong with a 34.6% PAT growth, the sequential (QoQ) profit saw a sharp 38% decline from ₹55.70 crore in Q2 FY26. Rising material costs, which grew from ₹600 crore to ₹705 crore YoY, continue to pressure quarterly margins.

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