Parag Milk Foods LimitedPARAGMILKCorporate

Food - Processing - Indian Latest results: Mar 2026 13 quarters of data

₹276.30

MCap ₹3,495 Cr · P/E 23.2

Parag Milk Foods Limited — Stock analysis & AI research Parag Milk Foods Limited — Multibagger AI analysis Parag Milk Foods Limited — Seasonality — best & worst months Parag Milk Foods Limited — Technical indicators & charts Parag Milk Foods Limited — Technical setup — score, trend, support & resistance Parag Milk Foods Limited — Live exchange announcements

📋 High Profit Growth Stocks 📈 MACD Bearish Crossover 📈 Strong Trend Stocks (ADX > 25)📈 Volume Dry-Up Stocks 📈 Accumulation (OBV Rising) 🏭 FMCG sector

AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹946 Cr

Sales · Mar 2026

+5.3% YoY

₹58 Cr

Operating Profit · Mar 2026

-5.8% YoY

6.2%

OPM % · Mar 2026

-10.1% YoY

₹28 Cr

Net Profit · Mar 2026

-12.8% YoY

₹2.26

EPS · Mar 2026

-16.9% YoY

📝 Parag Milk Foods Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Parag Milk Foods Limited reported revenue of ₹946 crore for the quarter ended March 2026 (Q4 FY26), up 5.3% from ₹899 crore in the same quarter last year, and down 3.9% sequentially over the December 2025 quarter.

Net profit fell 12.8% year-on-year to ₹28 crore, from ₹32 crore. Earnings per share (EPS) came in at ₹2.26.

Operating profit stood at ₹58 crore — an operating margin (OPM) of 6.2%, compared with 6.9% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Parag Milk Foods Limited posted revenue of ₹3,742 crore, a growth of 11.1% over FY25, with a net profit of ₹151 crore (up 22.1% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹3,742 crore with a net profit of ₹151 crore.

Valuation snapshot

At the current price of ₹276.30, PARAGMILK has a market capitalisation of ₹3,495 crore and a trailing P/E of about 23.2.

Within the Food - Processing - Indian industry, it is the 7th-largest of the 40 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 40.49%, foreign institutional investors (FIIs) 7.59%, domestic institutional investors (DIIs) 2.87%, public shareholders 48.67% of Parag Milk Foods Limited.

Promoter holding slipped from 40.65% to 40.49% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹3,495 Cr

Current Price ?

₹276.3

P/E ?

23.17below ind

Industry P/E ?

24.80

P/B ?

2.71

P/S ?

0.93

P/FCF ?

64.73

Enterprise Value ?

₹3,994 Cr

EV/EBITDA ?

15.28

PEG ?

0.72

Earnings Yield ?

5.0%

Dividend Yield ?

0.36%

Profitability & Returns

Sales (TTM) ?

₹3,742 Cr

OPM ?

7.0%

Profit after tax (TTM) ?

₹151 Cr

EPS (TTM) ?

₹11.93

ROCE ?

14.0%

ROE ?

11.7%

ROA ?

6.9%

Growth

Sales — latest qtr ?

₹946 Cr

PAT — latest qtr ?

₹28 Cr

YoY qtr sales growth ?

5.3%

YoY qtr profit growth ?

-12.8%

Sales growth (3y) ?

Sales growth (5y) ?

16%

Profit growth (3y) ?

32%

Profit growth (5y) ?

55%

Financial Health

Debt ?

₹499 Cr

Debt to Equity ?

0.39

Interest Coverage ?

2.8

Current Ratio ?

N/A

Ownership

Promoter holding ?

40.49%

Change in promoter holding ?

-2.12%

Pledged percentage ?

N/A

Market

Return 3 months ?

23.5%

Return 6 months ?

24.1%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	YoY %	QoQ %
Sales	796	738	787	789	776	744	856	869	899	831	981	984	946	+5.3%	-3.9%
Operating Profit	51	40	53	64	37	56	69	74	62	59	73	71	58	-5.8%	-17.2%
Other Income	2	5	2	1	1	1	2	2	13	5	19	4	8	-41.3%	+101.3%
Interest	14	15	17	18	14	17	21	24	24	18	18	19	18	-22.3%	-1.8%
Depreciation	17	14	15	14	13	14	17	14	15	14	16	16	15	-0.1%	-7.1%
Profit Before Tax	23	16	24	32	11	26	34	38	37	33	59	35	33	-10.1%	-4.1%
Net Profit	28	18	27	33	13	27	30	34	32	32	56	35	28	-12.8%	-18.1%
EPS	2.38	1.56	2.29	2.85	1.14	2.27	2.51	2.87	2.72	2.71	4.67	2.77	2.26	-16.9%	-18.4%
OPM %	6.4%	5.4%	6.8%	8.1%	4.8%	7.5%	8.1%	8.5%	6.9%	7.2%	7.5%	7.2%	6.2%	-10.1%	-13.9%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹3,367 Cr	₹3,742 Cr	₹3,742 Cr	+11.1%
Operating Profit	₹261 Cr	₹261 Cr	₹261 Cr	+0.2%
OPM %	7.75%	6.99%	6.99%	-9.8%
NPM %	3.67%	4.03%	4.03%	+9.8%
Other Income	₹18 Cr	₹35 Cr	₹35 Cr	+95.6%
Depreciation	₹60 Cr	₹60 Cr	₹60 Cr	+1.2%
Interest	₹85 Cr	₹72 Cr	₹72 Cr	-14.5%
EBIT	₹201 Cr	₹201 Cr	₹201 Cr	-0.1%
PBT	₹135 Cr	₹159 Cr	₹159 Cr	+17.8%
Tax	₹11 Cr	₹8 Cr	₹8 Cr	-30.0%
Net Profit	₹124 Cr	₹151 Cr	₹151 Cr	+22.1%
EPS	₹10.37	₹12.41	₹12.41	+19.7%
Material Cost	₹2,493 Cr	₹2,931 Cr	₹2,931 Cr	+17.6%
Employee Cost	₹134 Cr	₹165 Cr	₹165 Cr	+22.8%
Extraordinary Items	—	₹5 Cr	₹5 Cr	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	117	119	119	125	+5.0%
Reserves	701	805	921	1,166	+26.6%
Borrowings	541	554	579	499	-13.8%
Other Liabilities	223	288	307	397	+29.3%
Total Liabilities	1,583	1,766	1,925	2,187	+13.6%
Fixed Assets	311	309	340	391	+15.0%
CWIP	9	10	12	26	+116.7%
Investments	67	109	109	109	+0.0%
Other Assets	1,196	1,339	1,464	1,661	+13.5%
Total Assets	1,583	1,766	1,925	2,187	+13.6%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	-179	73	187	132	-29.4%
Cash from Investing Activity	-82	-25	-130	-98	+24.6%
Cash from Financing Activity	196	-51	-56	-43	+23.2%
Net Cash Flow	-66	-3	2	-9	-550.0%
Free Cash Flow	-199	41	85	54	-36.5%
CFO/OP	-127%	42%	79%	57%	-27.8%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	20	28	27	23	-14.8%
Inventory Days	98	102	85	93	+9.4%
Days Payable	23	32	34	31	-8.8%
Cash Conversion Cycle	95	98	78	85	+9.0%
Working Capital Days	71	74	74	61	-17.6%
ROCE %	10%	11%	14%	14%	+0.0%

👥 Shareholding (latest 5 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Sep 2026	% Chg
Promoters	42.61%	42.61%	40.65%	40.65%	40.49%	-0.4%
FIIs	9.24%	9.92%	9.26%	8.77%	7.59%	-13.5%
DIIs	6.87%	6.62%	6.16%	5.25%	2.87%	-45.3%
Public	41.16%	40.72%	43.84%	45.25%	48.67%	+7.6%
Others	0.14%	0.14%	0.09%	0.08%	—	—
No. of Shareholders	1,02,552	88,012	86,569	88,588	89,477	+1.0%

⚖️ Peer comparison

Industry: Food - Processing - Indian · top 25 of 40 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	MANORAMA Manorama Industries	₹1,932.20	12,197	43.7	1,472	264	27.0%	17.9%	76.1%	108.1%	39.5%	61.3%
2	KRBL KRBL	₹393.95	9,017	11.9	6,009	758	16.5%	12.6%	9.0%	36.2%	-5.6%	73.2%
3	BECTORFOOD Mrs. Bectors	₹226.63	6,951	46.8	2,119	148	12.8%	7.0%	9.0%	-1.9%	16.0%	25.0%
4	DODLA Dodla Dairy	₹1,063.60	6,416	26.2	4,316	246	6.7%	5.7%	10.9%	3.1%	19.0%	-35.5%
5	VADILALIND Vadilal Industries	₹7,486.00	5,381	24.6	1,675	219	18.7%	13.1%	21.2%	-4.0%	34.4%	145.3%
6	HERITGFOOD Heritage Foods	₹420.55	3,903	33.8	4,934	115	5.1%	2.3%	9.5%	-20.1%	18.6%	-39.5%
7	PARAGMILK Parag Milk	₹271.10	3,430	24.8	3,818	135	8.9%	3.5%	11.2%	14.0%	3.0%	23.0%
8	GOPAL Gopal Snacks	₹254.60	3,174	37.8	1,609	84	7.3%	5.2%	2.8%	304.4%	31.2%	328.2%
9	ADFFOODS ADF Foods	₹270.15	2,968	32.3	718	91	19.0%	12.7%	16.1%	28.2%	25.9%	13.4%
10	DIAMONDYD Prataap Snacks	₹1,102.20	2,638	—	—	—	—	—	18.3%	553.3%	-5.1%	313.1%
11	TASTYBITE Tasty Bite	₹8,718.00	2,237	62.2	583	36	10.4%	6.2%	-1.0%	37.9%	28.6%	7.9%
12	GRMOVER GRM Overseas	₹84.31	1,750	45.1	1,868	77	5.5%	4.1%	31.2%	22.9%	30.5%	10.2%
13	CLSEL Chaman Lal	₹298.25	1,483	11.8	1,478	125	11.6%	8.4%	-3.7%	11.3%	12.6%	47.8%
14	KCK Kck Industries	₹214.00	1,361	n/m	29	0	0.1%	1.5%	—	—	3.2%	-21.6%
15	AVTNPL AVT Natural	₹88.11	1,342	16.0	821	83	13.9%	10.1%	28.1%	32.9%	82.2%	156.7%
16	HMAAGRO HMA Agro	₹24.65	1,234	5.8	7,904	215	2.1%	2.7%	34.7%	88.4%	88.0%	8361.3%
17	SKMEGGPROD SKM Egg	₹209.79	1,106	9.9	777	112	21.0%	14.4%	54.3%	200.8%	4.9%	46.3%
18	KRISHIVAL Krishival Foods	₹419.00	1,074	40.7	332	23	10.0%	7.0%	44.7%	64.0%	79.6%	27.3%
19	MUKKA Mukka Proteins	₹27.00	810	11.0	1,768	74	8.4%	4.2%	44.0%	21.3%	186.7%	1072.7%
20	SCPL Sheetal Cool	₹653.90	687	33.1	386	21	11.6%	5.4%	33.3%	34.3%	19.0%	9.6%
21	EIFFL Euro India	₹270.10	670	123.9	157	5	10.5%	3.4%	5.8%	-11.1%	15.7%	124.2%
22	TBI TBI Corn	₹314.85	572	31.1	304	18	11.3%	5.9%	—	—	41.5%	33.3%
23	SARVESHWAR Sarveshwar Foods	₹3.74	461	39.8	671	11	3.3%	1.6%	19.5%	18.6%	4.2%	7.7%
24	FOODSIN Foods & Inns	₹51.98	382	15.9	789	24	12.1%	3.0%	-13.5%	-35.9%	-33.3%	-46.0%
25	MEGASTAR Megastar Foods	₹286.00	323	32.5	558	10	6.4%	1.8%	49.7%	153.2%	23.5%	41.4%

❓ Frequently asked questions

What was Parag Milk Foods Limited's revenue in Q4 FY26?

What was Parag Milk Foods Limited's net profit in Q4 FY26?