Press Release on Audited Financial Results for the quarter and year ended March 31, 2026
PARAGMILK · price
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Parag Milk Foods reported FY26 revenue of Rs. 3,818 crore, up 11% YoY with 5% volume growth. Q4 FY26 revenue was Rs. 945 crore, up 3% YoY despite a 5% volume decline. PAT before exceptional items grew 19% YoY to Rs. 141 crore for FY26, while Q4 PAT grew 23% YoY to Rs. 32 crore. EBITDA margin compressed slightly from 8.5% to 8.1% YoY due to 15-16% inflation in raw milk prices, though the company managed to pass on costs through price increases and premium product mix. The New Age Business segment (Pride of Cows, Avvatar) delivered exceptional 91% growth in FY26 and now contributes 10% of total turnover, up from 6% last year.
The company demonstrated resilience against commodity inflation with strong PAT growth and expanding new age business contribution, though margin compression signals ongoing cost pressure that investors should monitor.