Parag Milk

Parag Milk Foods Ltd reported 56.28 per cent surge in consolidated net profit to Rs 45.65 crore for the second quarter of the 2025-26 fiscal on higher sales. The company had clocked a net profit of Rs 29.21 crore in the same quarter previous fiscal, according to a regulatory filing. Total income rose 15.58 per cent to Rs 1,025.98 crore in the July-September quarter of the 2025-26 fiscal, from Rs 887.61 crore in the year-ago. Expenses remained higher at Rs 975.49 crore as against Rs 852.04 crore in the said period. The Pune-based dairy sells milk and milk-related products in the brand name such as Gowardhan, Go, Pride of Cows. Its subsidiary firm in Dubai incorporated during 2024-25 fiscal is yet to commence operation.

Parag Milk Foods Ltd on Friday posted 5.59 per cent increase in consolidated net profit at Rs 36.07 crore for third quarter of 2024-25 on higher sales. The company had logged a net profit of Rs 34.16 crore in the year-ago period. Total income rose to Rs 890.75 crore from Rs 806.69 crore in the year-ago period. Expenses remained higher at Rs 853.09 crore as against Rs 773.93 crore. Parag Milk Foods Chairman Devendra Shah said, "Our highest-ever delivery in Q3 leveraging strong festive demand is a testimonial to the increasing preference for premium dairy offerings and our ability to meet evolving consumer needs." The company is focused on strengthening the supply chain, expanding reach through new-age distribution channels, and driving product innovation to offer superior nutrition solutions, he said.

Rahul Kumar Srivastava's presence is poised to be instrumental in Parag Milk Foods' journey toward a new era of leadership and growth, said the company in a BSE filing

Parag MIlk foods follows Mother Dairy and Amul; hikes milk prices of Gowardhan brand by Rs 2 per litre

Dairy stocks: Analysts see the benefits of price hikes to begin accruing from the March quarter onwards, while the financial year 2023-24 (FY24) will be a steady year for the industry's margins

Parag Milk Foods, through the PLI application on June 15, 2021, had received an approval for sales-based incentive for mozzarella cheese product for the period 2021-27

Parag was established in 1992 and is one of India's largest dairy companies

The slew of regulatory changes has kept the mutual fund industry and officials of Association of Mutual Funds in India (Amfi) on their toes over the past few weeks

The dairy firm Rs 760-crore IPO, was extended by three days, and was oversubscribed by 1.83 times on the final day of the offer

Company received 1.15 times subscription in qualified institutional buyer segment