Parag Milk Foods Q4FY26 Revenue ₹945 Cr, PAT ₹32 Cr; FY26 Revenue ₹3818 Cr, PAT ₹141 Cr
Parag Milk Foods reported Q4 FY26 revenue of ₹945 Cr (3% value growth) and PAT of ₹32 Cr (23% YoY growth). For FY26, revenue reached ₹3818 Cr (11% value growth) and PAT bei was ₹141 Cr (19% YoY growth). The New Age business grew 109% in Q4 and 91% in FY26. A post-earnings conference call is scheduled for May 8, 2026.
The announcement includes detailed financial results for the quarter and full year, along with growth drivers and strategic priorities, which are material information for investors.
The company reported strong revenue and PAT growth for both the quarter and the full fiscal year, with significant expansion in its New Age business and improved margins despite inflationary pressures.
Parag Milk Foods Limited has announced its audited financial results for the quarter and year ended March 31, 2026. For the fourth quarter of FY26, the company reported a revenue of ₹945 crore, a decrease of 5% in volume but an increase of 3% in value year-on-year. The core categories saw a 3% volume decline with a 7% value growth. The New Age business, encompassing Pride of Cows and Avvatar, demonstrated significant growth, increasing by 109% and contributing 11% to the overall turnover, maintaining a quarterly revenue of ₹100 crore.
Consolidated Profit After Tax (PAT) for Q4 FY26 grew by 23% to ₹32 crore, driven by an improvement in Gross Margin due to a better product portfolio composition and a calibrated pricing and promotion mix. EBITDA stood at ₹78 crore, with an EBITDA margin of 8.3%.
For the full fiscal year FY26, Parag Milk Foods achieved its highest ever revenue of ₹3,818 crore, an 11% increase in value with a 5% volume growth year-on-year. Core categories grew by 8% in volume and 16% in value, while the New Age business grew by 91%, contributing 10% to the total turnover. Consolidated PAT before exceptional items (PAT bei) grew by 19% to ₹141 crore, supported by an improved Gross Margin despite inflationary commodity cycles. The company also strengthened its capital structure through the issuance and conversion of preferential warrants and FCCBs into equity.
Standalone revenue for FY26 was ₹3,742 crore, with PAT bei growing by 27% to ₹156 crore. The company highlighted the strategic importance of its New Age business, which has become a strong growth pillar, increasing its portfolio share from 4% in FY23 to 10% in FY26. The company also noted the volatility in milk prices, which increased by 15% YoY in Q4 FY26, but managed to navigate this through pricing strategies and an improved portfolio mix, leading to a higher gross margin of 28.0% in Q4 FY26 compared to 26.7% YoY.
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Parag Milk Foods Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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