Parag Milk Foods Limited — PPTs, 04-02-2026: Investor Presentation

Here's a concise, retail-friendly summary based on the investor presentation:

**1. Business Performance:**

Parag Milk Foods hit a new high with Q3 FY26 revenue of ₹1,013 Cr, a solid 14% jump YoY, fueled by 8% volume growth. Core dairy categories like Ghee, Cheese, and Paneer saw strong momentum with 21% value growth. Q3 EBITDA was ₹77 Cr (7.6% margin), and PAT came in at ₹35 Cr. For the first nine months (9M FY26), revenue climbed to ₹2,872 Cr, with EBITDA at ₹232 Cr (8.1% margin) and PAT at ₹109 Cr. Despite a 20% YoY surge in milk prices, gross margins held up, growing 9% in absolute terms.

**2. Growth Drivers or Strategy:**

The company is focused on boosting its core categories, which drive 61% of sales, while expanding its premium 'New Age Business' (Pride of Cows & Avvatar Sports Nutrition). This segment, now 9% of total business, surged 86% in 9M FY26 and crossed the ₹100 Cr quarterly revenue mark for the first time, signaling a strong shift towards higher-value products.

**3. Recent Developments:**

Key initiatives include strategic brand building through celebrity endorsements with Janhvi Kapoor and impactful digital/TV campaigns, like the KBC association. They also launched new products like a 20 ml ghee sachet and a Tiramisu flavor, alongside strengthening their market reach across B2B and B2C channels.

**4. Key Financial Metrics:** (Included in Business Performance for conciseness)

**5. Management Commentary / Outlook:**

Management is strategically pivoting to become a comprehensive health and nutrition company, aiming to offer innovative protein solutions by leveraging its robust infrastructure and extensive farmer network.