| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 945.34 | 6.7% | 3.0% |
| Total Income | 964.20 | 5.6% | 3.5% |
| Expenditure | 924.06 | 6.0% | 2.8% |
| PBT | 40.14 | 23.2% | 23.3% |
| Net Profit | 32.24 | 9.0% | 23.0% |
| OPM | 6.28% | 0.10pp | 0.47pp |
| NPM | 3.34% | 0.45pp | 0.53pp |
| EPS | 2.58 | 8.9% | 17.3% |
Parag Milk Foods FY26 PAT up 19% to ₹141 Cr
08 May 2026 · 8 May, 7:31 am
Summary
Parag Milk Foods Limited announced its financial results for the quarter and year ended March 31, 2026, reporting a consolidated revenue of ₹3,818 crore for FY26, an 11% increase year-on-year. Q4 FY26 saw revenue reach ₹945 crore, up 3% from the prior year, despite a 5% volume decline. Profit After Tax for FY26 grew by 14% to ₹135 crore, with Q4 FY26 PAT increasing by 23% to ₹32 crore. A key highlight was the New Age Business segment, which delivered exceptional performance by crossing ₹100 crore in quarterly revenue for Q4 FY26 and growing 91% for FY26. Executive Director Ms. Akshali Shah attributed the performance to focused execution, portfolio premiumisation, calibrated pricing, and cost discipline, while effectively combating hyper inflation in commodity prices.
Key Highlights
- 1
Parag Milk Foods Limited reported an 11% year-on-year increase in FY26 consolidated revenue, reaching ₹3,818 crore, which was accompanied by a 5% volume growth.
- 2
For Q4 FY26, consolidated revenue grew by 3% year-on-year to ₹945 crore, despite a 5% volume decline.
- 3
The company's Profit After Tax (PAT) for FY26 increased by 14% year-on-year to ₹135 crore, while PAT before exceptional items rose 19% to ₹141 crore.
- 4
In Q4 FY26, Profit After Tax (PAT) demonstrated a strong 23% year-on-year growth, reaching ₹32 crore.
- 5
The New Age Business segment achieved a significant milestone by crossing ₹100 crore in quarterly revenue for Q4 FY26, showcasing a remarkable 109% year-on-year growth and contributing 10% to the overall business for FY26.
- 6
The Gross Profit Margin for Q4 FY26 strengthened to 28.0%, compared to 26.7% in the previous year, achieved despite a 15% year-on-year inflation in raw material prices.
Management Comments
Akshali Shah
FY26 has been a meaningful year for Parag Milk Foods with overall topline growth of 11% and bottom line growth of 19% before exceptional items. The year also unfolded New age business growth 91% with quarterly revenues inching up to 100 Cr. Our core categories ghee, cheese and paneer continued to provide stability and scale backed by consumer trust and product quality. Our performance reflects the benefits of focused execution across portfolio premiumisation, calibrated pricing, and cost discipline, while combating hyper inflation in commodity prices. In the coming years, we are foc
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