Parag Milk Foods FY26 Revenue ₹3,818 Cr, PAT bei Up 19%

Parag Milk Foods reported audited FY26 results with revenue of ₹3,818 Cr, up 11% YoY, and PAT bei of ₹141 Cr, up 19% YoY.
New Age business (Pride of Cows & Avvatar) grew 91% YoY, contributing 10% to total turnover, while core categories grew 16% in value.
The company strengthened its capital structure via preferential warrant issuance and FCCB conversion, reducing net debt to ₹484 Cr.
Gross margin improved to 28.0% in Q4 despite 15% YoY milk inflation, driven by calibrated pricing and improved product mix.