Parag Milk Foods Q2 FY26 Earnings Call Transcript
Parag Milk Foods Q2 FY26 revenue reached ₹1,008 crore, up 16% YoY. EBITDA grew 16% to ₹89 crore, PAT increased 56%. Consolidated net debt reduced by ₹125 crore.
The financial results indicate positive growth and improved financial health for the company.
The announcement highlights strong financial performance, including revenue growth, EBITDA growth, and debt reduction.
* Parag Milk Foods held an earnings conference call on November 12, 2025, to discuss the financial and operational performance for the quarter and half-year ended September 30, 2025. * Q2 FY26 revenue reached ₹1,008 crore, a 16% year-on-year growth, with a 10% volume growth. * H1 FY26 revenue stood at ₹1,859 crore, a 14% increase year-on-year. * Core categories (ghee, cheese, and paneer) grew by 14% in volume and contribute to 59% of total revenue. * New age business (Pride of Cows and Avvatar) grew by 79% year-on-year and contributes to 9% of total turnover. * Launched Avvatar Protein Wafer Bar, entering the protein snacking segment. * EBITDA grew by 16% year-on-year to ₹89 crore with margins at 8.9%. * PAT grew by 56% year-on-year during the quarter. * Consolidated net debt reduced by ₹125 crore, from ₹561 crore as of March 2025 to ₹436 crore as of September 2025. * Akshali Shah, Executive Director, mentioned that Q2 FY26 was a milestone quarter with revenues crossing ₹1,000 crore, debt reduction of ₹125 crore, and a PAT growth of 56%. * The company's vision is to evolve from a dairy FMCG business into a health and nutrition company.
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