Press Release on Audited Financial Results for the quarter and year ended March 31, 2026
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 08 May 2026, 12:33 AM IST · BSE ID: 7cf31f1a-46de-4558-ad9c-19f9927ad3f7
View Original BSE Filing (PDF)
💡
In Simple Terms
The dairy company announced its full-year revenue of INR 3,818 Cr and profit of INR 135 Cr, showing growth over the last year.
🤖 AI Summary
- Parag Milk Foods reported FY26 consolidated revenue of INR 3,818 Cr, an 11% YoY increase.
- FY26 consolidated Profit After Tax (PAT) stood at INR 135 Cr, reflecting 14% YoY growth.
- Q4 FY26 consolidated revenue reached INR 945 Cr, with PAT at INR 32 Cr, up 23% YoY.
- New Age Business segment recorded 91% YoY growth in FY26, contributing 10% to total turnover.
- Gross Profit Margin for Q4 FY26 was 28.0% compared to 26.7% in the prior year quarter.
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY26 Consolidated Revenue
INR 3,818 Cr
11%
FY26 Consolidated PAT
INR 135 Cr
14%
Q4 FY26 Consolidated Revenue
INR 945 Cr
3%
Q4 FY26 Consolidated PAT
INR 32 Cr
23%
FY26 New Age Business Growth
91%
🏢 How This Affects the Company
FY26 revenue growth of 11% YoY, supported by 5% volume growth, indicates an expansion in the company's market presence. The New Age Business, with 91% YoY growth, increased its contribution to overall turnover from 6% to 10%, diversifying revenue streams.
FY26 PAT grew 14% YoY to INR 135 Cr, with Gross Profit increasing 8% YoY to Rs. 1,020 Cr. EBITDA also rose 6% to Rs. 310 Cr, demonstrating improved profitability despite raw material price inflation.
The company managed a 15% YoY inflation in average milk prices during FY26, while still strengthening gross margin sequentially in Q4 FY26 to 28.0% through measured price increases and a favorable product mix. Marketing efforts across core and new age brands were maintained.
Ongoing volatility in raw material prices, with milk prices increasing 16% YoY in FY26, presents a continuous cost management challenge. The company's ability to pass on costs and manage product mix mitigates this risk to some extent.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this press release.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, with FY26 PAT at INR 135 Cr demonstrating overall profitability for the year.
🔍
Management Signal
The management's focus is on portfolio premiumisation, calibrated pricing, and cost discipline, alongside expanding the New Age Business and protein-based offerings.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next quarterly results — observe revenue and volume growth trends.
Updates on raw material prices — assess impact on margins.
Progress on New Age Business expansion — monitor revenue contribution.
MEDIUM RISK
Persistent volatility in raw material prices poses an ongoing challenge to profitability and margin management.
💡 Investor Takeaway
Parag Milk Foods reported FY26 consolidated revenue of INR 3,818 Cr, up 11% YoY, with PAT at INR 135 Cr, a 14% YoY increase. Q4 FY26 revenue was INR 945 Cr, with PAT rising 23% YoY to INR 32 Cr. New Age Business grew 91% in FY26.
⚖️ Strengths & Concerns
✅ Positives
- FY26 Consolidated Revenue increased 11% YoY to INR 3,818 Cr, driven by 5% volume growth across core categories.
- New Age Business segment demonstrated robust growth of 91% YoY in FY26, now contributing 10% to total turnover.
⚠️ Concerns
- Q4 FY26 revenue grew 3% YoY to INR 945 Cr, but was accompanied by a 5% volume decline in the quarter.
- Average milk prices witnessed 16% YoY inflation during FY26, impacting cost of goods sold and potentially margins.
📅 Company Track Record
Parag Milk Foods previously filed its audited financial results for FY26 on May 7, 2026, reporting standalone revenue of Rs. 3,742.03 Cr and profit of Rs. 150.88 Cr, along with a recommended dividend of Rs. 1.10/share. An investor presentation on the results was also filed the same day.
Based on publicly available historical data. For context only.