Key takeaway: In the investor presentation dated August 7, 2026, Parag Milk Foods Limited reported its unaudited financial results for the quarter ended June 30, 2026. The company achieved its highest-ever Q1 revenue of ₹945 crore, reflecting an 11% year-on-year value growth and a 3% volume growth. EBITDA increased by 6% year-on-year to ₹70 crore, while profit before tax (PBT) remained flat, and profit after tax (PAT) declined by 20% primarily due to current tax impacts. The new age business segment, including Pride of Cows and Avvatar, grew by 59%, contributing 13% to overall turnover. The company announced plans to double its cheese production capacity and appointed a new Chief Financial Officer. The presentation emphasized consistent revenue growth over the past five quarters and outlined strategic priorities for strengthening flagship categories and expanding the new age business.

Key takeaway: During the Q4 FY26 earnings conference call, management reported that Parag Milk Foods achieved annual revenue of over INR 3,800 crores, reflecting double-digit growth and a 5% increase in volume. The core categories saw an 8% volume growth, while the new age business, including Avvatar and Pride of Cows, grew by 91%. Management highlighted an improvement in gross margins to 28% in Q4, attributed to better product mix and disciplined pricing strategies despite inflationary pressures. The company aims for the new age business to contribute 20-25% of overall revenues in the next 3-5 years. Management also discussed challenges in core category volume growth, citing a decline due to reduced institutional and export sales. They emphasized ongoing efforts to expand distribution, particularly in northern and southern India, and expressed confidence in achieving sustainable growth and profitability.

Key takeaway: The investor presentation by Parag Milk Foods Limited detailed the company's audited financial results for the quarter and year ended March 31, 2026. For Q4 FY26, the company reported revenue of ₹945 crore, reflecting a 3% value growth despite a 5% decline in volume, attributed to lower institutional and export sales. The New Age business, including Pride of Cows and Avvatar, grew by 109%, contributing 11% to overall turnover. For FY26, total revenue reached ₹3,818 crore, with a 5% volume growth and 11% value growth year-on-year. The presentation highlighted a 23% increase in consolidated PAT, driven by improved gross margins and a favorable product mix. Management emphasized strategic priorities such as strengthening core categories and enhancing brand innovation. The document also noted the impact of rising milk prices on gross margins, which improved to 28% in Q4 FY26. Overall, the presentation conveyed a strong financial performance and growth trajectory.

Key takeaway: During the Q3 FY26 earnings conference call held on February 5, 2026, management reported a record revenue exceeding INR 1,000 crores for the second consecutive quarter, marking a 14% year-on-year increase driven by 8% volume growth. The new age business, including Pride of Cows and Avvatar, achieved a significant 123% year-on-year growth, contributing 9% to overall revenue. Despite facing a 20% year-on-year inflation in milk prices, the company maintained a gross margin of 25.9%. EBITDA for the quarter was reported at 7.6%, down from 9% the previous year, attributed to increased employee costs and inflationary pressures. Management emphasized ongoing brand-building initiatives and strategic pricing adjustments to navigate the inflationary environment. They set a goal for the new age business to reach 20% of total revenue in the next 2-3 years, while also focusing on improving distribution and operational efficiency.

Key takeaway: Parag Milk Foods Limited reported its unaudited financial results for the quarter and nine months ended December 31, 2025, highlighting a record quarterly revenue of INR 1,013 crore, reflecting a 14% year-over-year increase. Volume growth was noted at 8% year-over-year, with core categories such as Ghee, Cheese, and Paneer achieving 21% value growth and 12% volume growth. The company's EBITDA margin decreased to 7.6% from 9.0% in the previous year, with gross profit reported at INR 262 crore and a gross margin of 25.9%. Despite a 20% year-over-year increase in milk prices, the company maintained stable gross margins through strategic pricing and improved product mix. The new-age business segment, which includes brands like Pride of Cows and Avvatar, contributed 9% to overall revenue, growing 123% year-over-year. The presentation outlined strategic priorities focused on strengthening core categories and enhancing brand innovation.