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Companies›Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products
NSE:PARAGMILK

PARAG MILK FOODS LTD.

Fast Moving Consumer Goods › Food Products
₹238.75
at close · 28 Oct 2026
▼ 3.15 (-1.30%)
ThemesQuick Commerce & E-commerce· mention

Latest filings

Next results: Tue, 3 Nov · Financial Results
  1. Board to approve September 2026 quarterly and half-year results · Results
  2. Reg 74(5) compliance certificate filed for Q2 FY27 · Compliance
  3. All 6 resolutions passed at Parag Milk Foods 34th AGM; Rs 1.10 dividend approved · Board & Shareholder Meetings
All filings ↓
Ask Nexa about PARAG MILK FOODS LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Processes and markets dairy and dairy-based products in India, with a growing protein and nutrition platform under the Avvatar and Pride of Cows brands. The core business spans cheese, ghee, paneer and other traditional dairy products, while the 'New Age' business — Avvatar (sports nutrition/protein drinks) and Pride of Cows — is being built as a separate growth engine. In FY26, revenue crossed ₹3,800 crores with overall volume growth of 5% and core category volume growth of 8%, while the New Age business grew 91% year-on-year and contributed 10% of total revenue. Cheese manufacturing capacity is being expanded from 60 MT to 80 MT via brownfield, with FY27 capex guided at ₹60-70 crores. Raw milk is the primary input — milk procurement was at ₹42/litre in Q4 FY26, up 15% YoY — and materials account for 76.9% of revenue. Distribution is being widened into UP, Tamil Nadu, Karnataka and Kerala, while a Dubai subsidiary is on hold for 2-3 months due to geopolitical uncertainty.

Operating scale
FY26 revenue
₹3,817.5 crFY26
Cheese capacity (post brownfield expansion)
80 MTNear-term
New Age business quarterly run-rate
₹100 cr/quarterQ4 FY26
Milk procurement price
₹42/litre (+15% YoY)Q4 FY26
Core category volume growth
8%FY26
Q4 FY26 gross margin
28%Q4 FY26
Who pays it
Indian retail consumers for branded dairy and protein products, plus institutional and export channels.
Biggest cost
Raw milk (procurement at ₹42/litre, up 15% YoY in Q4 FY26), with materials making up 76.9% of revenue.
Kind of business
Branded dairy FMCG with a commodity input cost base and a growing value-added protein/nutrition segment.
Where it sits
NSE/BSE-listed Indian dairy company in the organised dairy segment; New Age business currently at 10% of revenue with a stated 20-25% contribution target in 3-5 years.
Market Cap
₹2,985 Cr
P / E (TTM)
22.6×
EV / EBITDA
11.4×
Div Yield
0.40%
Growth
15.7%▲
Revenue 5y CAGR
PAT +45.5% · EBITDA +17.1%
Quality
13.6%▲
ROCE (5y median)
ROE 9.9% (5y median) · margin 8.0%
Leverage
0.43·
Debt / Equity · low
Net debt ₹537 Cr
Revenue FY21→FY26
2.1×▲
Margin +2.4 pts
₹1,842 Cr → ₹3,818 Cr
Moves on a normal day
1.62%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 12 Dairy Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#4/9
P/B#4/11
ROCE#7/13
ROE#6/11
Debt / Equity#7/11
EBITDA margin#5/11
Revenue growth#8/11
Profit growth#8/10

Scorecard

Measured from the filed financials, judged against its Dairy Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 16% a year over 5 years
Profit compounding 46% a year over 5 years
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

PARAGMILK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from PARAG MILK FOODS LTD.'s filed financials and exchange disclosures

What does PARAG MILK FOODS LTD. do?

PARAG MILK FOODS LTD. is a Food Products company listed on NSE and BSE, trading under the symbol PARAGMILK.

Is PARAG MILK FOODS LTD. profitable?

Yes. Over the trailing twelve months PARAG MILK FOODS LTD. reported a net profit of ₹130 Cr on revenue of ₹3,911 Cr.

Does PARAG MILK FOODS LTD. pay a dividend?

Yes. The dividend yield is 0.40% at the current price. It paid out 9% of its profit as dividend in FY26.

Is PARAG MILK FOODS LTD. debt-free?

No. It reported borrowings of ₹540 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹537 Cr after cash. Debt stands at 0.43× equity. That is higher than 60% of its 11 Dairy Products peers.

Is PARAG MILK FOODS LTD. expensive compared with its peers?

On trailing P/E, PARAG MILK FOODS LTD. ranks 4 of 9 in Dairy Products — cheaper than 63% of them, against an industry median of 23.6×. This is a position, not a valuation judgement.

How much does the PARAG MILK FOODS LTD. share price move in a day?

On a typical session PARAG MILK FOODS LTD. moves 1.62% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are PARAG MILK FOODS LTD.'s next results?

Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track PARAG MILK FOODS LTD.'s announcements?

Every NSE and BSE filing by PARAG MILK FOODS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.