Parag Milk Foods reports US$514,482 profit in Q2 2026

INDIA – Parag Milk Foods Ltd reported 56.28 per cent surge in consolidated net profit to US$514,482 (Rs 45.65 crore) for the second quarter of the 2025-26 fiscal on higher sales.

Parag Milk’s revenue rose 15.7% year-on-year to US$11.37 million (₹1,007.9 crore) from US$9.83 million (₹871.3 crore), while net profit jumped 56.3% year-on-year to ₹45.7 crore from ₹29.2 crore.

EBITDA increased 18% to US$803,136 (₹71.2 crore) compared to $681,312 (₹60.4 crore) a year earlier. Margins expanded slightly to 7.1% from 6.9% in the same period. Gross margins expanded to 25.8% from 23.6% a year ago.

The company reported 10% year-on-year volume growth, led by strong performance in its core categories of ghee, cheese, and paneer, which saw 23% value growth and 14% volume growth.

Core categories contributed 59% to overall revenue. Premium brands such as Pride of Cows and Avvatar accounted for 9% of the total business, while new-age business revenue jumped 79% year-on-year, reflecting continued traction in value-added and premium segments.

Parag Milk shares are now trading 13.52% higher at US$4.03 (₹356.95). On a year-to-date basis, the stock has jumped 90%.

Ms. Akshali Shah, Executive Director, PMFL said: “Q2FY26 has been a stupendous quarter, surpassing the ₹1000 Cr quarterly revenue milestone creating a history for the company. This is a moment of pride for all our stakeholders and reinforces our business fundamentals and consumer trust.  

“We celebrated festivities amidst a backdrop of record-breaking performance and festive cheer. The business sentiments are extremely positive with consumer’s willingness to spend on branded consumer products and maintaining a quality lifestyle.“

Parag Milk Foods reports US$98.52M revenue growth in Q1 2026

Additionally, the company reported that the revenue from operation rose by 12.34% year-over-year (YoY) to Rs 851.52 crore (US$98.52 million) during Q1 2026, driven by strong volume growth in its dairy portfolio.

Net profit grew by 1.02% to Rs 27.58 crore (US$3.19 million) in Q1 FY26 from Rs 27.30 crore (US$3.16 million) posted in Q1 FY25.

Profit before tax in Q1 FY26 stood at Rs 29.18 crore (US$3.38 million), up by 8.83% from Rs 26.81 crore (US$3.10 million) posted in Q1 FY25.

Earnings before interest, tax, depreciation, and amortization (EBITDA) grew 6% year-on-year to Rs 66 crore (US$7.64 million) in Q1 FY26, up from Rs 62 crore (US$7.17 million) in Q1 FY25. However, the EBITDA margin declined slightly to 7.7% in Q1 FY26 from 8.1% in the same quarter of the previous year.

The company highlighted that the business achieved 5% volume growth YoY in Q1, driven by robust performance in core categories like ghee, cheese, and paneer, which together witnessed a 9% volume growth

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