Parag Milk Foods Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Food Products | Market Cap: ₹2.8K Cr
Parag Milk Foods expects to achieve sales growth of more than 10% in the fiscal year 2027, breaking the previous 10% growth benchmark. Parag Milk Foods expects sales growth to exceed 10% in FY27, breaking past their usual 10% growth band.
From Parag Milk Foods's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹246
Market Cap
₹2.8K Cr
P/E Ratio
21.0
Revenue Rank
Margin Rank
How does Parag Milk Foods rank in Food Products?
Compare Parag Milk Foods against every Food Products company this quarter on revenue, margins and earnings-call signals.
Parag Milk Foods — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹945 Cr, net profit ₹32 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →Parag Milk Foods expects to achieve sales growth of more than 10% in the fiscal year 2027, breaking the previous 10% growth benchmark. (Page 6)
- →Q1 FY27 saw 11% year-on-year value growth and 3% volume growth, indicating a positive trajectory. (Page 4)
- →Flagship categories (ghee, cheese, paneer, dahi) declined 2% in volume mainly due to transient B2B slowdown but B2C within flagship categories showed robust growth. (Page 4)
- →New age business (Pride of Cows, Avvatar) grew 59% YoY and now contributes around 13% of total revenue, up from 9% last year; this segment is expected to continue strong growth. (Page 4, 15)
- →Distribution expansion in new and existing markets is underway, particularly aimed at improving B2C growth and volume expansions. (Page 9)
- →Company aims for higher volume growth in B2C, with an aspiration to move from high single-digit to double-digit volume growth in flagship categories. (Page 11)
- →Capacity expansion in cheese production (doubling to 120 MT/day by March 2028) will support higher volumes and revenue growth. (Page 15)
📈 Profitability & Margins
Rank 3- →Parag Milk Foods expects sales growth to exceed 10% in FY27, breaking past their usual 10% growth band. (Page 5)
- →EBITDA margin remained stable at 7.4% in Q1 FY27 despite cost pressures. (Page 3)
- →The company is executing calibrated price increases and improving product mix to maintain stable gross margins. (Pages 3, 9)
- →The new age business (Pride of Cows and Avvatar) contributed around 13% of revenue in Q1 FY27, growing 59% YoY, supporting improved profitability. (Pages 3, 10)
- →Doubling of cheese production capacity expected to drive higher whey protein generation and tap health & nutrition markets, supporting long-term growth. (Page 3)
- →Focus on brand building and disciplined capital allocation to sustain profitability and improve operating earnings over time. (Page 12, 4)
- →Transient volume declines in flagship categories expected to be addressed with distribution expansion and focus on B2C growth. (Pages 9, 13)
- →Earnings are affected by factors like tax impact and one-offs but overall management expects better growth with improved margins going forward. (Page 3, 18)
🏗️ Capital Expenditure Plans
Yes- →Parag Milk Foods is doubling its cheese production capacity from 60 metric tons per day to 120 metric tons per day, expected to be completed by March 2028 (Page 16).
- →This capacity expansion will also drive a parallel increase in whey protein generation, tapping into growth opportunities in both cheese and whey categories (Page 16).
- →The company is working on solar power projects across various sites, including collaboration with Tata Solar Power and biogas-based energy generation from its cattle farms (Page 14).
- →Investments in renewable energy, such as solar and biogas, are ongoing to reduce costs and increase sustainability (Page 14).
- →No specific future capex amounts or new strategic investments beyond these have been disclosed in the transcript.
💰 Fundraising & Capital Structure
No information📋 Order Book & Pipeline
No informationKey Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Parag Milk Foods Q1 FY27 results?
Parag Milk Foods expects to achieve sales growth of more than 10% in the fiscal year 2027, breaking the previous 10% growth benchmark. Parag Milk Foods expects sales growth to exceed 10% in FY27, breaking past their usual 10% growth band.
What is Parag Milk Foods share price analysis?
Parag Milk Foods currently shows a below-average growth signal. The stock trades at a P/E of 21.0 with a market cap of ₹2,832 Cr. Investors should review the full earnings analysis for detailed insights.
Is Parag Milk Foods planning capital expenditure?
Parag Milk Foods is doubling its cheese production capacity from 60 metric tons per day to 120 metric tons per day, expected to be completed by March 2028 (Page 16).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.