Parag Milk Foods Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Parag Milk Foods delivered strong Q2FY26 results: revenue crossed ₹1,008 Cr (up 16% YoY), PAT surged 56% to ₹46 Cr, and EBITDA grew 16% to ₹89 Cr. Gross margins improved to 25.8%. For H1FY26, revenue was ₹1,859 Cr (up 14% YoY), and PAT rose 30% to ₹73 Cr. Core categories like Ghee and Cheese drove 59% of revenue with 14% volume growth. The premium New Age business (Pride of Cows, Avvatar) grew 79% YoY. The company reduced net debt by ₹125 Cr in H1FY26, strengthening its balance sheet. Management emphasizes core brand innovation and expanding consumer reach.