| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 945 | 852 | +10.9% |
| EBITDA | 68.3 | 57.9 | +17.9% |
| EBITDA margin | 7.2% | 6.8% | +0.4 pts |
| Profit before tax | 29.3 | 29.2 | +0.4% |
| Net profit | 22.1 | 27.6 | −20.1% |
| EPS | ₹1.76 | ₹2.31 | −23.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,062 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 3.3 | 3.3 | 11.9 | 10.6 | 13.8 | ||
| 540 | 540 | 615 | 612 | 589 | ||
| 3,599 | — | — | — | — | ||
| 3,911 | 3,818 | 3,432 | 3,139 | 2,893 | ||
| — | +11.2% | +9.4% | +8.5% | — | ||
| 267 | 257 | 253 | 197 | 133 | ||
| 6.8% | 6.7% | 7.4% | 6.3% | 4.6% | ||
| 194 | 186 | 185 | 137 | 75.6 | ||
| 130 | 135 | 119 | 90.6 | 53.3 | ||
| 3.3% | 3.5% | 3.5% | 2.9% | 1.8% | ||
| ₹10.36 | ₹10.80 | ₹9.50 | ₹7.25 | ₹4.26 | ||
| — | +13.7% | +31.1% | +70.1% | — | ||
| — | 149 | 212 | 99.1 | −194 | ||
| — | −109 | −126 | −61.2 | −60.9 | ||
| 40.2 | 40.2 | 86.5 | 37.9 | −255 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 3,062.1 | |
| - Cash, Equiv & ST Investments | 13.8 | 10.6 | 11.9 | 3.3 | 3.3 | |
| + Total Debt | 589.4 | 611.8 | 615.5 | 540.4 | 540.4 | |
| Enterprise Value | — | — | — | — | 3,599.3 | |
| Revenue | 2,892.6 | 3,138.7 | 3,432.2 | 3,817.5 | 3,910.6 | |
| Growth %, YoY | — | +8.5 | +9.4 | +11.2 | — | |
| EBITDA | 132.9 | 197.1 | 252.7 | 256.8 | 267.1 | |
| Margin % | 4.59 | 6.28 | 7.36 | 6.73 | 6.83 | |
| EBIT | 75.6 | 136.9 | 185.5 | 186.0 | 194.3 | |
| Net Income | 53.3 | 90.6 | 118.8 | 135.1 | 129.5 | |
| Margin % | 1.84 | 2.89 | 3.46 | 3.54 | 3.31 | |
| EPS, Adj (current shares) | 4.26 | 7.25 | 9.50 | 10.80 | 10.36 | |
| Growth %, YoY | — | +70.1 | +31.1 | +13.7 | — | |
| Cash from Operations | -194.0 | 99.1 | 212.0 | 149.5 | — | |
| Capital Expenditures | -60.9 | -61.2 | -125.5 | -109.3 | — | |
| Free Cash Flow | -255.0 | 37.9 | 86.5 | 40.2 | 40.2 | |
Prices at the previous close · figures from the company's filings with NSE
Parag Milk Foods (NSE: PARAGMILK) had a market capitalisation of ₹3,062 crore at the previous close (₹244.95 a share), a PE ratio of 23.6 on the last four quarters' profit and a price-to-book ratio of 2.43. In FY26 its consolidated net profit was ₹135 crore on revenue of ₹3,818 crore; in Q1 FY27 (April–June 2026) it was ₹22.1 crore, down 20.1% year on year. Its debt-to-equity ratio was 0.43 on 31 March 2026. Promoters held 40.49% of the shares on 30 September 2026.
Parag Milk Foods' PE ratio is 23.6 at the previous close (₹244.95 a share): a market capitalisation of ₹3,062 crore divided by consolidated net profit of ₹130 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹135 crore) it is 22.7.
Parag Milk Foods' debt-to-equity ratio was 0.43 on 31 March 2026: borrowings of ₹540 crore against total equity of ₹1,259 crore. A year earlier, on 31 March 2025, it was 0.60.
Parag Milk Foods' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,259 crore on 31 March 2026, up 23.0% from ₹1,023 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,062 crore at the previous close.
Parag Milk Foods' price-to-book (PB) ratio is 2.43 at the previous close: a market capitalisation of ₹3,062 crore divided by shareholders' equity (book value) of ₹1,259 crore on 31 March 2026. That is a book value of ₹100.68 per share against a share price of ₹244.95.
In FY26, Parag Milk Foods' return on equity (ROE) was 11.8% and its return on capital employed (ROCE) was 13.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 12.3% and ROCE 14.8%.
Parag Milk Foods' book value per share was ₹100.68 on 31 March 2026: shareholders' equity of ₹1,259 crore divided by the 12.5 crore shares in issue, up 17.3% from ₹85.86 a year earlier. The share price at the previous close was ₹244.95.
Parag Milk Foods' market capitalisation was ₹3,062 crore at the previous close: 12.5 crore shares at ₹244.95 each.
Parag Milk Foods' basic earnings per share (EPS) were ₹11.06 in FY26, against ₹9.97 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹10.54.
In 2026, Parag Milk Foods has declared one dividend: ₹1.10 with record date 22 September 2026.
No. Parag Milk Foods had borrowings of ₹540 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.43. Its cash and current investments were ₹18.3 crore, so its net debt was ₹522 crore.
Parag Milk Foods' dividend yield is 0.45% at the previous close: dividends of ₹1.10 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹244.95. They were ₹1.10 on 22 September 2026.
Promoters held 40.49% of Parag Milk Foods on 30 September 2026, unchanged from the previous quarter and down 2.12 percentage points from 42.61% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Parag Milk Foods' shares were held by promoters 40.49%, foreign portfolio investors (FII/FPI) 7.59%, domestic institutions (DII) 2.87% (including mutual funds at 0.00%) and retail and other non-institutional investors 48.67%. Over the year, FII holding was down 2.32 percentage points from 9.91% and DII holding was down 3.75 percentage points from 6.62%.
In FY26 (April 2025–March 2026), Parag Milk Foods' consolidated net profit was ₹135 crore, up 13.7% from ₹119 crore in FY25, on revenue from operations of ₹3,818 crore (up 11.2%). Over three years, from FY23, net profit was up 153.6%.
On FY26 consolidated figures, against Vadilal Industries, Dodla Dairy and Kwality Wall's: Parag Milk Foods' operating margin of 4.9% is the third highest of the four (Vadilal Industries 13.3%, Dodla Dairy 5.5%, Kwality Wall's −12.6%; peer average 2.1%); its return on equity of 11.8% is the third highest of the four (Vadilal Industries 22.0%, Dodla Dairy 17.3%, Kwality Wall's −54.9%; peer average −5.2%).
In FY26, Parag Milk Foods generated ₹149 crore of cash from operations and spent ₹109 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹40.2 crore. In FY25 it was ₹86.5 crore.
Parag Milk Foods' latest results are for Q1 FY27 (April–June 2026): consolidated net profit ₹22.1 crore, down 20.1% from ₹27.6 crore in Q1 FY26; revenue from operations ₹945 crore, up 10.9% year on year.
In FY26, Parag Milk Foods earned net profit of ₹135 crore on revenue of ₹3,818 crore, against ₹170 crore on ₹1,503 crore for Vadilal Industries. Parag Milk Foods' operating margin was 4.9% (Vadilal Industries 13.3%) and its return on equity 11.8% (Vadilal Industries 22.0%).
Parag Milk Foods will announce its Q2 FY27 results (July–September 2026) on Tuesday, 3 November 2026, the date of the board meeting it has notified to the exchanges.
From Parag Milk Foods' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.