Parag Milk Foods Reports Strong Q2 FY26 Results with 16% Revenue Growth; Crosses ₹1,000 Cr Quarterly Revenue
Parag Milk Foods reported strong Q2 FY26 results with ₹1008 Cr revenue, up 16% YoY, and PAT up 56%. Gross margins improved, and net debt reduced, showcasing robust financial and operational performance.
The announcement covers comprehensive financial results for Q2 and H1 FY26, including strong growth in key metrics, improved margins, and debt reduction. It also details business highlights and strategic priorities, which are highly relevant for investor decision-making and reflect the company's positive trajectory.
The company reported strong financial performance with significant year-on-year growth in revenue (16%), EBITDA (16%), and PAT (56%) for Q2 FY26. Gross and PAT margins improved, and net debt was substantially reduced, indicating healthy operational efficiency and financial stability.
* Parag Milk Foods Limited announced its Investor Presentation for the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. * A Post Earnings Conference Call with Analysts/Investors is scheduled for November 12, 2025. * Q2 FY26 Performance Highlights: * Highest ever quarterly revenue at ₹1008 Cr, up 16% year-on-year (YoY). * Volume growth stood at 10% YoY, with core categories (Ghee, Cheese, Paneer) achieving 23% value growth and 14% volume growth. * EBITDA increased to ₹89 Cr, with an EBITDA margin of 8.9% (vs 8.8% last year). * Gross margin grew to ₹260 Cr, with a gross margin percentage of 25.8% (vs 23.6% last year). * Profit After Tax (PAT) was ₹46 Cr, a 56% YoY increase, with a PAT margin of 4.5% (vs 3.4% last year). * H1 FY26 Performance Highlights: * Revenue reached ₹1859 Cr, up 14% YoY. * EBITDA was ₹155 Cr, with an EBITDA margin of 8.3% (vs 8.5% last year). * PAT stood at ₹73 Cr, a 30% YoY increase, with a PAT margin of 3.9% (vs 3.5% last year). * Cash flow generated from operations was ₹99 Cr. * Net debt reduced by ₹125 Cr during H1 FY26, improving consolidated Net Debt to EBITDA to 1.4 times and Net Debt to Equity to 0.4 times. * Core categories contributed 59% of total revenue, and the New Age business (Pride of Cows and Avvatar) contributed 9% to overall H1 FY26 business, growing 68% YoY. * The company highlighted its strategic priorities including strengthening core categories (market leader in branded cow ghee with 22% share and #2 in cheese with 35% share), brand building & innovation, evolving route to market, strengthening new age business, and driving financial growth. * The company aims to transform into a health and nutrition company providing innovative protein solutions across the spectrum, leveraging its infrastructure and farmer network.
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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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