Parag Milk Foods Ltd
Parag Milk Foods Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
New age business (Avvatar and Pride of Cows) currently contributes 9-10% of overall revenue, targeted to double to 20% in 2-3 years. Parag Milk Foods aims to double the share of its new age business (Avvatar and Pride of Cows) from 9-10% to around 20% of overall turnover in 2-3 years.
From Parag Milk Foods Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- New age business (Avvatar and Pride of Cows) currently contributes 9-10% of overall revenue, targeted to double to 20% in 2-3 years.
- Ambitious growth seen historically: 6x to 8x growth in new age portfolio; aiming to continue this trajectory though a 10x jump from INR100 crore to INR1,000 crore in 2 years is considered optimistic.
- Overall volume growth target is around 12% annually for existing and core categories.
- New age business expected to grow at 15-20% per year.
- Company expects to maintain net working capital at ~60-65 days with stable inventory levels despite growth.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Parag Milk Foods Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Parag Milk Foods has ongoing machinery-related capital expenditure funded partly through certain debt.
- The company has commissioned a new plant, the Thorandale plant at Manchar, requiring additional staffing.
- Capital expenditure programs are currently being funded through in-house accruals, with the company generating strong cash flows.
- No specific future capex amount detailed, but emphasis on continuing growth and scaling the new age business.
2 more points management made on capital expenditure plans
Top-ranked in Food Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Parag Milk Foods Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points management made on order book & pipeline
Parag Milk Foods Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹945 Cr, net profit ₹32 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Parag Milk Foods's management said in earlier quarters
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Frequently Asked Questions
What were Parag Milk Foods Ltd Q3 FY26 results?
New age business (Avvatar and Pride of Cows) currently contributes 9-10% of overall revenue, targeted to double to 20% in 2-3 years. Parag Milk Foods aims to double the share of its new age business (Avvatar and Pride of Cows) from 9-10% to around 20% of overall turnover in 2-3 years.
What is Parag Milk Foods Ltd share price analysis?
Parag Milk Foods Ltd currently shows a neutral. The stock trades at a P/E of 19.7 with a market cap of ₹2,648 Cr. Investors should review the full earnings analysis for detailed insights.
Is Parag Milk Foods Ltd planning capital expenditure?
Parag Milk Foods has ongoing machinery-related capital expenditure funded partly through certain debt.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.