PARAGMILKNSEParag Milk Foods LimitedMediumNeutral
Announced Mon, 21 Jul · 22:12 IST

Parag Milk Foods Limited has informed the Exchange about Investor Presentation for Earnings Call (Group Conference Call) for quarter ended June 30, 2025

Mgmt Guided Margin PressureInvestor Communications View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Parag Milk Foods reported its highest-ever Q1 revenue of ₹852 Cr, up 12% year-on-year, supported by 5% volume growth. Core categories (Ghee, Cheese, Paneer) led with 14% value growth and 9% volume growth, now contributing 57% of total revenue. EBITDA rose to ₹66 Cr (up 6% YoY), but margin contracted to 7.7% from 8.1% last year due to higher advertising spends. PAT grew marginally to ₹28 Cr. The New Age business (Pride of Cows and Avvatar) surged 57% YoY, now 9% of revenue. Milk procurement prices were up 18% YoY. The company remains #1 in branded cow ghee (22% share) and #2 in cheese (35% share).

Likely market impact

Strong top-line growth and premium category expansion are positive, but slight EBITDA margin compression and modest PAT growth suggest near-term cost pressure from rising milk prices and higher marketing investments. Balance sheet improved with Net Debt/Equity at 0.5x and ROCE at 14.3%, signaling financial discipline.