Parag Milk Foods Achieves Record Quarterly Revenue Of ₹1,241 Crore In Q2 FY27, Sales Jump 23% But Net Profit Drops 8% To ₹42 Crore Despite Strong Topline Growth
Mumbai: Parag Milk Foods Limited reported an 8 per cent year-on-year decline in consolidated profit after tax (PAT) to ₹42 crore for the quarter ended September 30, 2026 (Q2 FY27), even as revenue increased 23 per cent to a record ₹1,241 crore. The dairy FMCG company's reported profit was affected by a high base in the previous year, which included a ₹16 crore one-time gain from the reversal of…
Parag Milk Foods reported an impressive 23% jump in sales during Q2 FY27, reaching a record ₹1,241 crore. However, the company's net profit fell 8% to ₹42 crore for the same period. The decline in net profit was attributed to a high base from the previous year, which included a ₹16 crore one-time gain from reversing mark-to-market adjustments on foreign currency convertible bonds.
Despite the lower profit, Parag Milk Foods saw a significant improvement in its EBITDA, increasing by 37% year-on-year to ₹101 crore. The EBITDA margin also improved to 8.1%, compared to 7.3% in the previous quarter. Gross profit rose by 24% to ₹323 crore, with the gross profit margin improving to 26%.
The company's flagship dairy categories, including ghee, cheese, paneer, and curd, drove 63% of total revenue, generating ₹778 crore during Q2 FY27. These categories experienced a 20% value growth and a 7% volume growth. The company achieved its highest-ever quarterly paneer volumes, while cheese sales improved sequentially.
For the H1 FY27, Parag Milk Foods reported a 18% year-on-year increase in revenue, reaching ₹2,185 crore. The EBITDA for the six-month period stood at ₹170 crore, up 23% on an adjusted basis. Net profit for the first half of the year declined 13% to ₹64 crore, although adjusted net profit increased by 12%.
The company's New Age Business, comprising Pride of Cows and Avatar, witnessed a 71% year-on-year increase in revenue, reaching ₹154 crore. Its contribution to overall revenue grew to 12% from 9% a year earlier.
Parag Milk Foods approved ₹100 crore for increasing its paneer manufacturing capacity from 20 tonnes per day to 80 tonnes per day. Additionally, the company allocated ₹105 crore to double its cheese capacity to 120 tonnes per day. The board also proposed the amalgamation of Bhagyalaxmi Dairy Farm Private Limited with the company, subject to necessary approvals.
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