Parag Milk Foods Q3 FY26: Highest Ever Quarterly Revenue of Rs. 1013 Cr, 14% YoY Growth

Parag Milk Foods Limited (PMFL) announced its financial results for the quarter ended December 31, 2025, reporting its highest-ever quarterly revenue. The consolidated revenue stood at Rs. 1,013 Cr, representing an 8% volume growth and 14% value growth YoY. The gross profit was Rs. 262 Cr with a 9% growth YoY, and the EBITDA was Rs. 77 Cr, down 3% YoY. The PAT (before exceptional items) was INR 35 Cr, down 2% YoY. The core categories of mainly Ghee, Cheese and Paneer witnessed a volume growth of 12% and value growth of 21% YoY. The new age business (Pride of Cows and Avvatar) continued its momentum and recorded robust 123% growth YoY. The company managed to navigate the cost push with pricing and promotion strategy together with improved portfolio mix.