Parag Milk Foods Q4 FY26 Earnings Call Transcript Released
Parag Milk Foods reported FY26 revenue of over INR 3,800 crores with double-digit growth. The new age business (Avvatar, Pride of Cows) grew 91% and now contributes 10% of revenue. Gross margins improved to 28% in Q4 FY26 despite rising milk prices. The company targets 20-25% revenue from the new age business in 3-5 years and aims for double-digit EBITDA margins.
The transcript provides detailed insights into the company's financial performance, strategic initiatives, and future outlook, which is crucial for investors and analysts to assess the company's trajectory.
The announcement is a transcript release of an earnings call, which is primarily informational. While the company discusses positive performance metrics, the tone remains factual and does not express overly optimistic or pessimistic views.
Parag Milk Foods Limited has released the transcript of its earnings conference call held on May 8, 2026, to discuss the financial and operational performance for the quarter and financial year ended March 31, 2026. The company reported crossing INR 3,800 crores in annual revenue for FY26, with a double-digit growth and a 5% volume growth. Core categories saw an 8% volume increase, while the new age business (Avvatar and Pride of Cows) grew by 91%, contributing 10% to the overall business. Gross margins expanded to 28% in Q4 FY26 from 25.9% in Q3 FY26, despite a 15% year-on-year increase in milk prices to INR 42 per litre. The company aims for the new age business to contribute 20-25% of overall revenues in the next 3-5 years. Capacity expansion for cheese manufacturing from 60 to 80 metric tons is in progress. Employee expenses saw an increase due to appraisals, changes in directors' remuneration, and ESOP programs. The company expects to maintain gross margins around 27-28% and aims to achieve double-digit EBITDA margins in the coming years. Efforts are underway to expand market share in North and South India for core categories like Ghee and Cheese.
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Parag Milk Foods Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Parag Milk Foods Limited. Read the original for the full detail.