Parag Milk Foods Limited has informed the Exchange about Presentation
PARAGMILK · price
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Parag Milk Foods reported Q4FY26 revenue of ₹945 crore (3% YoY) and full-year FY26 revenue of ₹3,818 crore (11% YoY), its highest ever. Q4 PAT grew 23% to ₹32 crore and FY26 PAT before exceptional items grew 19% to ₹141 crore. Despite milk price inflation of 15% YoY (averaging ₹42/litre in Q4), the company improved Q4 gross margin by ~130 bps to 28.0% through better product portfolio mix and calibrated pricing. The New Age Business segment (Pride of Cows and Avvatar) surged 109% YoY in Q4 to ₹100 crore revenue, contributing 11% of overall turnover. Capital structure was strengthened via preferential warrants issuance and FCCB conversion into equity. Net debt reduced to ₹484 crore with Net Debt/Equity at 0.4x.
The company demonstrated margin resilience in a high-inflation milk environment, with the strategic shift toward premium core categories and fast-growing New Age Business supporting profitability. The balance sheet is now optically leveraged, which should support re-rating.