Parag Milk Foods Q1FY27 Revenue at ₹945 Cr (+11% YoY); EBITDA ₹70 Cr (+6% YoY)
Parag Milk Foods reported Q1 FY27 revenue of ₹945 Cr, up 11% YoY, with EBITDA at ₹70 Cr (+6% YoY). PAT declined 20% YoY due to tax impact. The New Age business grew 59%. The company approved doubling cheese production capacity to 120 MT. Rakesh Kothari was appointed CFO.
The record revenue, significant capacity expansion in cheese production, and strong growth in the 'New Age' business segment are material developments that are likely to have a substantial impact on the company's future performance and market position.
The company reported record revenue and growth in its 'New Age' business, alongside a significant capacity expansion plan, indicating positive business momentum despite a PAT dip due to tax changes.
Parag Milk Foods Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a highest-ever Q1 revenue of ₹945 Crore, marking an 11% year-on-year increase in value, with a 3% year-on-year growth in volume. EBITDA for the quarter stood at ₹70 Crore, a 6% increase year-on-year, with an EBITDA margin of 7.4% compared to 7.7% in the previous year. Profit Before Tax (PBT) remained flat year-on-year, while Profit After Tax (PAT) declined by 20% year-on-year, primarily attributed to the current tax impact from FY27.
The 'New Age' business segment, which includes brands like Pride of Cows and Avvatar, showed robust growth, increasing by 59% and now contributing 13% to the overall turnover. This segment's growth was bolstered by initiatives such as Avvatar's partnership with 'India's Got Latent Season 2'.
In a significant strategic move, the company's board approved the doubling of its cheese production capacity from 60 MT to 120 MT, with a parallel expansion planned for Whey Protein generation. Additionally, Parag Milk Foods announced the elevation of Mr. Rakesh Kothari to the position of Chief Financial Officer and Key Management Personnel.
The investor presentation, detailing these results, was made available on the company's website and was used for a post-earnings conference call with analysts and investors scheduled for August 7, 2026.
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