Parag Milk Foods quarterly results and financials

Parag Milk Foods (PARAGMILK)₹324.64+0.24%(9 Nov 2026 close)Dairy Products

Key facts

In the Jun 2026 quarter (consolidated), Parag Milk Foods reported sales of ₹947 Cr, up 11.0% from Jun 2025, and net profit of ₹21.96 Cr, down 21.4% year on year. For the year to Mar 2026, sales were ₹3,829 Cr and net profit ₹135 Cr.

Sales (Jun 2026): ₹947 Cr
Net profit (Jun 2026): ₹21.96 Cr
Sales (FY Mar 2026): ₹3,829 Cr
Net profit (FY Mar 2026): ₹135 Cr
EPS (Jun 2026): ₹1.75
Borrowings (Mar 2026): ₹605 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Parag Milk Foods quarterly results

₹ crore unless stated; each column is a quarter.

Parag Milk Foods Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	800	803	791	759	872	887	920	853	1,010	1,015	948	947
Expenses	741	733	750	700	799	808	853	791	934	941	883	873
Operating Profit	56.02	65.02	37.03	56.10	69.09	74.05	62.02	58.10	71.12	68.05	59.08	68.04
OPM %	7.0%	8.0%	4.7%	7.0%	8.0%	8.0%	7.0%	7.0%	7.0%	7.0%	6.0%	7.0%
Other Income	6.02	6.02	8.02	6.02	7.02	5.01	13.04	8.02	18.05	3.01	19.05	1.01
Interest	21.04	22.06	16.04	19.04	23.05	26.07	25.05	20.06	20.03	21.06	21.06	22.06
Depreciation	14.95	14.95	14.94	15.94	17.96	15.94	16.95	15.95	18.94	17.95	17.94	17.95
Profit before tax	24.05	33.06	14.03	27.06	36.06	38.05	33.07	29.04	50.07	33.05	40.08	29.06
Tax %	−3.0%	−4.0%	27.0%	−2.0%	18.0%	4.0%	19.0%	5.0%	10.0%	9.0%	20.0%	25.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−5.17	0.00	0.00
Net Profit	24.95	33.95	9.99	26.96	28.94	35.95	25.98	27.95	45.92	29.95	31.95	21.96
EPS (Rs)	2.14	2.90	0.81	2.28	2.44	3.01	2.19	2.30	3.64	2.35	2.57	1.75

Parag Milk Foods profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Parag Milk Foods Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,650	1,734	1,959	2,399	2,443	1,847	2,077	2,898	3,144	3,441	3,829	3,920
Expenses	1,488	1,633	1,751	2,161	2,217	1,708	2,499	2,762	2,922	3,168	3,548	3,631
Operating Profit	151	92.12	197	225	213	126	−437	120	202	254	257	266
OPM %	9.0%	5.0%	10.0%	9.0%	9.0%	7.0%	−21.0%	4.2%	6.0%	7.0%	7.0%	6.8%
Other Income	−2.01	−11.03	9.02	9.02	6.02	12.04	20.06	45.17	23.07	39.11	48.13	41.12
Interest	50.14	33.06	36.06	36.11	38.09	46.10	52.15	57.14	79.20	93.17	81.24	84.21
Depreciation	32.89	48.88	50.85	49.87	53.87	51.84	53.87	56.78	59.78	66.80	70.76	72.78
Profit before tax	67.13	−1.01	119	148	127	41.12	−523	51.13	86.16	133	152	152
Tax %	29.0%	−524.0%	27.0%	18.0%	26.0%	49.0%	2.0%	−4.0%	−6.0%	10.0%	11.0%	—
Exceptional items	−1.99	29.89	−1.99	−0.99	−0.99	−0.99	−0.99	0.00	−1.99	−0.99	−4.99	−5.17
Net Profit	46.96	4.99	86.92	121	93.91	20.97	−531	52.96	90.88	119	135	130
EPS (Rs)	6.71	0.56	10.34	14.34	11.13	2.45	−55.72	4.53	7.58	9.93	10.77	10.31
Dividend payout %	0.0%	88.1%	7.0%	7.0%	4.0%	20.1%	0.0%	0.0%	7.0%	10.1%	10.1%	—

Parag Milk Foods balance sheet

₹ crore, at each year end.

Parag Milk Foods Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16.02	70.07	83.96	84.01	84.00	84.05	83.94	95.08	117	119	119	125
Reserves	108	291	540	627	742	826	843	459	690	791	902	1,133
Borrowings	544	388	260	290	239	399	380	522	604	614	652	605
Other Liabilities	256	242	403	380	377	381	375	320	254	360	357	417
Total Liabilities	924	991	1,286	1,381	1,442	1,689	1,682	1,395	1,666	1,885	2,031	2,280
Fixed Assets	292	346	335	398	407	468	474	460	437	468	580	645
CWIP	28.02	28.02	21.03	20.03	29.03	7.01	3.01	10.01	45.04	69.13	19.01	37.04
Investments	0.00	0.00	0.00	0.99	0.99	0.99	0.99	0.00	4.99	4.99	4.99	4.99
Other Assets	603	617	931	962	1,005	1,215	1,203	925	1,179	1,344	1,428	1,593
Inventories	213	273	430	440	464	635	698	480	576	617	580	732
Trade receivables	171	236	175	252	280	304	159	125	168	244	260	245
Cash & equivalents	4.99	7.99	101	49.91	11.99	27.97	18.99	83.85	14.99	27.99	24.97	17.98
Total Assets	924	991	1,286	1,381	1,442	1,689	1,682	1,395	1,666	1,885	2,031	2,280

Parag Milk Foods cash flow

₹ crore, for each year.

Parag Milk Foods Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	88.03	58.99	−16.99	18.99	140	−66.03	99.92	−149	−190	102	212	149
Cash from investing activity	−29.02	−32.01	−87.07	−15.99	−72.99	−29.99	−47.02	−25.98	−88.06	−53.01	−132	−98.03
Cash from financing activity	−57.95	−25.98	140	−11.99	−90.94	111	−68.97	248	212	−53.01	−77.93	−59.93
Net cash flow	0.99	0.99	35.86	−9.96	−23.91	14.96	−14.95	72.81	−65.79	−2.99	0.99	−8.98
Capex	30.90	26.91	93.71	63.78	87.66	31.90	43.81	35.87	0.00	60.79	126	108
Free cash flow	58.02	31.01	−111	−45.02	51.98	−97.96	56.06	−185	−190	41.02	87.09	59.05
CFO / OP %	80.0%	47.9%	0.0%	15.9%	75.0%	−15.1%	96.0%	31.0%	−155.0%	56.0%	88.0%	65.0%

Parag Milk Foods ratios

Working-capital days and returns, by year.

Parag Milk Foods Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	43	52	37	47	42	45	32	22	21	28	28	23
Inventory days	73	83	136	131	113	127	186	91	100	103	87	95
Days payable	67	52	100	92	74	60	82	44	28	43	40	36
Cash conversion cycle	50	84	74	87	83	114	136	70	95	89	76	84
Working capital days	−19	25	32	48	54	64	90	43	65	66	65	50
ROCE %	13.1%	17.0%	7.0%	17.0%	18.0%	14.1%	7.0%	−39.0%	9.0%	11.0%	14.0%	14.0%

Parag Milk Foods: frequently asked questions

What are the latest quarterly results of Parag Milk Foods?

For the Jun 2026 quarter, Parag Milk Foods reported sales of ₹947 Cr, up 11.0% year on year and net profit of ₹21.96 Cr, down 21.4% year on year. The operating margin was 7.0%.

What is the annual revenue of Parag Milk Foods?

Parag Milk Foods' sales for the year to Mar 2026 were ₹3,829 Cr; over the last twelve months they were ₹3,920 Cr.

What is the net profit of Parag Milk Foods?

Net profit for the year to Mar 2026 was ₹135 Cr, and ₹130 Cr over the last twelve months. Earnings per share over the same trailing period were ₹10.31.

How much debt does Parag Milk Foods have?

Parag Milk Foods reported borrowings of ₹605 Cr at Mar 2026, against cash and equivalents of ₹17.98 Cr.

What is the free cash flow of Parag Milk Foods?

Cash from operations was ₹149 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹59.05 Cr.

Loading…