Parag Milk Foods Allocates ₹400 Cr for New-Age Dairy Growth
Parag Milk Foods has announced a strategic capital infusion of ₹400 crore over the next 3–4 years to accelerate expansion across its new-age brands—Avvatar (vegetarian whey protein) and Pride of Cows (premium farm-to-home dairy) . The company aims to grow these brands’ share of total revenue from 4.7% to 20%, positioning them as growth engines for […]
Parag Milk Food Net Sales up by 10.47% in Q3 FY 25
Reported Consolidated quarterly numbers for Parag Milk Foods are: Net Sales at Rs 884.72 crore in December 2024 up 10.47% from Rs. 800.84 crore in December 2023. Quarterly Net Profit at Rs. 36.07 crore in December 2024 up 5.58% from Rs. 34.17 crore in December 2023. EBITDA stands at Rs. 79.50 crore in December 2024 […]
Madison wins media mandate for Parag Milk Foods
Madison has won the media mandate for Parag Milk Foods. The dairy-based product maker had issued a Request for Proposal (RFP) in April this year for its media planning and buying account. Madison will manage the media duties for all the sub-brands. According to sources, the account size is approximately INR 100 to 120 crore. […]
Parag Milk Foods and Heritage Foods Shine in Q1 FY 25
Parag Milk Foods Parag Milk Foods has shown a steady increase in performance in June 2024. Net sales for the quarter reached Rs. 757.93 crore, marking a 1.11% rise from Rs. 749.59 crore in June 2023. The company’s quarterly net profit saw a significant increase, climbing 27.47% to Rs. 27.30 crore from Rs. 21.42 crore […]
Parag Milk Foods consolidated revenue up 8.8% at ₹800.84cr in Q3
Parag Milk Foods Ltd (PMFL) has reported a 268.8 per cent increase in profit after tax at ₹34.16 crore in the third quarter of fiscal year 2024. The consolidated Q3 FY24 revenue stood at ₹800.84 crore, an 8.8 per cent YoY growth, while gross profit stood at ₹210.75 crore, with a gross profit margin of 26.3 per cent. […]
Parag Milk Foods revenue grows 20% in Q2 FY24
Parag Milk Foods Limited (PMFL), a leading manufacturer and marketer of dairy-based branded products i announced its unaudited financial result for the quarter and half year that ended September 30, 2023, reporting the total revenue for the quarter at ₹7,981.6 million registering a growth of 20.1 per cent y-o-y. Despite the high festive base of last […]
Parag shares surge after partnering with Boston Consulting Group
Parag Milk Foods Limited (PMFL) announced a partnership with Boston Consulting Group (BCG). This collaboration aims to drive growth and implement cost-effective practices across the organization. PMFL recognizes the need to enhance operational efficiency and growth strategies in response to evolving industry dynamics. BCG brings industry knowledge and expertise to the partnership. Together, PMFL and BCG […]
Parag Milk Foods appoints former Amul MD Rahul Kumar as COO
Parag Milk Foods Limited, a manufacturer and marketer of dairy-FMCG products, has announced the appointment of Rahul Kumar Srivastava as the Chief Operating Officer of the organization. He served as the Managing Director of Lactalis India, a division of the world’s largest dairy conglomerate, for over a decade. Additionally, he held the position of Managing […]
Unorganised Sector Dominates 80% Of Indian Dairy Market
In an insightful conversation with Akshali Shah, Executive Director of Parag Milk Foods, we delve into the journey of Parag Milk Foods’ evolution, innovation, and its commitment to quality. Akshali shares her remarkable transition within the company, witnessing its growth from its early stages to its present standing. With a keen eye on market trends […]
Parag Milk Food June 2023 Net Sales at Rs 738.05 crore
Reported Standalone quarterly numbers for Parag Milk Foods are: Net Sales at Rs 738.05 crore in June 2023 up 8.41% from Rs. 680.80 crore in June 2022. Quarterly Net Profit at Rs. 18.30 crore in June 2023 up 66.11% from Rs. 11.02 crore in June 2022. EBITDA stands at Rs. 44.68 crore in June 2023 […]