| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.0K | 0.5% | 14.5% |
| Total Income | 1.0K | 0.4% | 14.7% |
| Expenditure | 983.33 | 0.8% | 15.3% |
| PBT | 32.57 | 35.5% | 13.5% |
| Net Profit | 29.57 | 35.2% | 18.0% |
| OPM | 6.18% | 0.89pp | 7.33pp |
| NPM | 2.89% | 1.56pp | 1.16pp |
| EPS | 2.37 | 38.1% | 21.8% |
Parag Milk Foods Q3 FY26: Highest Ever Quarterly Revenue of Rs. 1013 Cr, 14% YoY Growth
04 Feb 2026 · 4 Feb, 11:12 pm
Summary
Parag Milk Foods Limited announced its financial results for the quarter ended December 31, 2025 with the highest-ever quarterly revenue of Rs. 1013 Cr, a 14% YoY growth. The core categories of mainly Ghee, Cheese and Paneer have witnessed a stupendous 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 has been able to navigate the cost push with pricing and promotion strategy together improved portfolio mix.
Key Highlights
- 1
Highest Ever Quarterly Revenue of Rs. 1013 Cr
- 2
14% YoY Growth
- 3
8% Volume growth and 14% Value Growth
- 4
Core Categories vol. growth 12%
- 5
New Age Business growth 123%
- 6
Robust volume growth across core categories
- 7
New age business crossed Rs. 100 Cr quarterly revenues for the first time
- 8
Avvatar has grown 6x over the past three years
- 9
Response to newly launched protein wafer bar has been promising and encouraging
- 10
Volatility in raw material prices with 20% YOY and 6.5% sequentially during Q3FY26
- 11
Brand building initiatives through a series of impactful marketing and visibility campaigns
Management Comments
Ms. Akshali Shah
Executive Director, PMFL
Q3 FY26 yet again creates a landmark quarter of more than 1,000 crores with highest ever quarterly revenue. This is a testimony to the trust that consumers continues to place in our brands. This performance underscores our agility in responding to shifting market dynamics and continued belief of our stakeholders across the value chain. Our value-added dairy engine continues to power ahead, reaffirming our dominance in core categories. At the same time, the acceleration of our New Age Business comprising of Pride of Cows and Awatar, signals the emergence of Parag as a truly modern, consumer-centric FMCG brands driving premiumization with superior product offerings. The headwinds of commodity inflation are likely to continue in the foreseeable future. The company is well poised to navigate through these challenging times with the power of its brands, superior offerings and improved product mix. As part of our strategic priorities, the company remain focused on continuous new product development and disciplined distribution expansion to drive long-term, sustainable profitable growth.
Informational and educational content only. Not investment advice.