Parag Milk Foods doubles cheese capacity, names new CFO, posts Q1 results
PARAGMILK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.5 pts less than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved brownfield expansion of cheese capacity from 60 MT/day to 120 MT/day at about Rs 105 Crore by FY 2027-28. Existing capacity is nearly fully utilised, funded via internal accruals, borrowings or lease. Mr. Rakesh Kothari appointed CFO from August 7, 2026; MD Pritam Shah relieved of interim CFO role. Q1 FY27 standalone revenue grew 10.8% YoY to Rs 920.47 Cr but profit fell to Rs 25.43 Cr from Rs 28.28 Cr.
Capacity doubling supports long-term growth, but Q1 profit decline despite revenue rise may temper sentiment.