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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Parag Milk Foods Ltd

Parag Milk Foods Q2 FY27 Standalone Revenue Rs. 1,215.42 Crore, Profit Rs. 49.26 Crore

RESULTS ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 03 Nov 2026, 10:38 PM IST  ·  BSE ID: b2564026-fa7d-4d21-b8d0-b340c6dfed23
View Original BSE Filing (PDF)
💡
In Simple Terms
Parag Milk Foods reported higher quarterly sales but lower profit, and plans to merge with its subsidiary.
🤖 AI Summary
  • Parag Milk Foods reported Q2 FY27 standalone revenue from operations of Rs. 1,215.42 Crore.
  • Profit after tax for Q2 FY27 was Rs. 49.26 Crore.
  • The Board approved a Scheme of Amalgamation for Bhagyalaxmi Dairy Farms Private Limited, a wholly owned subsidiary.
  • Half Year ended 30th September 2026 revenue from operations reached Rs. 2,135.89 Crore.
  • Basic Earnings Per Share for the quarter ended 30th September 2026 was Rs. 3.94.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from operations (Q2 FY27)
1,215.42 Crore
23.87%
Profit for the period after tax (Q2 FY27)
49.26 Crore
-11.56%
Total Income (Q2 FY27)
1,218.13 Crore
21.81%
Basic Earnings Per Equity Share (Q2 FY27)
3.94 ₹
-15.70%
Revenue from operations (Half Year FY27)
2,135.89 Crore
17.90%
Profit for the period after tax (Half Year FY27)
74.69 Crore
-15.17%
🏢 How This Affects the Company
📈
Business Impact
The approval of the Scheme of Amalgamation of Bhagyalaxmi Dairy Farms Private Limited with Parag Milk Foods will integrate the subsidiary's operations directly into the parent company. This could streamline milk and milk product operations.
💰
Financial Impact
Q2 FY27 standalone revenue growth of 23.87% indicates increased sales, but a decline in profit after tax by 11.56% suggests pressure on profitability. Finance costs increased to Rs. 24.21 Crore from Rs. 17.58 Crore in the prior year.
⚙️
Operational Impact
The proposed amalgamation, once approved by NCLT and other authorities, will consolidate the operations of Bhagyalaxmi Dairy Farms, potentially improving operational efficiencies and resource allocation within the combined entity.
⚠️
Risk Impact
The Scheme of Amalgamation is subject to sanction by NCLT and approvals from shareholders, creditors, and other regulatory authorities, indicating execution risk until all clearances are obtained.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing, as the amalgamation is subject to various approvals.
👤
Who Is Affected
Shareholders will be affected by the financial performance of the company, with Q2 FY27 basic EPS at Rs. 3.94. The amalgamation scheme will require NCLT and shareholder approvals.
🔍
Management Signal
Management is focusing on revenue growth and operational consolidation through the proposed amalgamation of its wholly owned subsidiary Bhagyalaxmi Dairy Farms Private Limited.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
NCLT decision on the Scheme of Amalgamation of Bhagyalaxmi Dairy Farms Private Limited.
Shareholder and creditor approvals for the proposed amalgamation.
Q3 FY27 financial results — check for profit after tax trend.
MEDIUM RISK Profitability declined despite revenue growth, and the amalgamation carries regulatory approval risks.
💡 Investor Takeaway
Parag Milk Foods reported Q2 FY27 standalone revenue from operations of Rs. 1,215.42 Crore, a 23.87% increase year-on-year. However, profit after tax for the quarter declined by 11.56% to Rs. 49.26 Crore from Rs. 55.70 Crore in Q2 FY26. The Board also approved the amalgamation of its wholly owned subsidiary.
⚖️ Strengths & Concerns

✅ Positives

  • Revenue from operations grew by 23.87% to Rs. 1,215.42 Crore in Q2 FY27 compared to Rs. 981.15 Crore in Q2 FY26.
  • Half-year revenue from operations for FY27 increased by 17.90% to Rs. 2,135.89 Crore from Rs. 1,811.67 Crore in the prior half-year.

⚠️ Concerns

  • Profit after tax decreased by 11.56% to Rs. 49.26 Crore in Q2 FY27 from Rs. 55.70 Crore in Q2 FY26.
  • Basic Earnings Per Share declined to Rs. 3.94 in Q2 FY27 from Rs. 4.67 in Q2 FY26.
📅 Company Track Record
In Q1 FY27 (filed 2026-08-07), Parag Milk Foods reported revenue of ₹945 Crore (up 11% YoY) and PAT of ₹22 Crore (down 20% YoY). The company also announced plans for a ₹105 Crore cheese capacity expansion (filed 2026-08-06). FY26 standalone revenue was Rs. 3,742.03 Cr with profit of Rs. 150.88 Cr (filed 2026-05-07).

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Parag Milk Foods' standalone revenue from operations in Q2 FY27?
Parag Milk Foods reported standalone revenue from operations of Rs. 1,215.42 Crore for the quarter ended 30th September 2026 (Q2 FY27).
What was the profit after tax for Parag Milk Foods in Q2 FY27?
The profit after tax for Parag Milk Foods in Q2 FY27 was Rs. 49.26 Crore.
Did Parag Milk Foods approve any amalgamation in the Q2 FY27 board meeting?
Yes, the Board approved a Scheme of Amalgamation of Bhagyalaxmi Dairy Farms Private Limited, a wholly owned subsidiary, with Parag Milk Foods. This scheme is subject to NCLT and other regulatory approvals.
What was Parag Milk Foods' Basic Earnings Per Share in Q2 FY27?
Basic Earnings Per Equity Share for Parag Milk Foods in Q2 FY27 was Rs. 3.94.
What was the half-year revenue for Parag Milk Foods for the period ended 30th September 2026?
The half-year revenue from operations for Parag Milk Foods for the period ended 30th September 2026 was Rs. 2,135.89 Crore.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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