Synopsis: The shares of this FMCG company were in the news today as it skyrocketed more than 15 percent following the company’s announcement of  its Q2 result which highlighted the company’s Net profit growth at 56 percent along with growth in multiple areas.

The shares of this company, which is involved in the development and promotion of 100 percent fresh cow’s milk and milk products under international brand names with a diverse portfolio in over 10 product categories, were in the spotlight today as the company declared its robust Q2 results. 

With a market cap of Rs 4,491 crore, the shares of  Parag Milk Foods Ltd soared more than 15 percent in today’s trading session and reached a high of Rs 363 when compared to its previous day closing price of Rs 314.15, the shares have given a return of 226  percent over the last 3 years. 

Q2 FY26 Result highlights.

The Revenue from operation for the company stood at Rs 1,008 crore when compared to Rs 871.31 crore in Q2 FY25 , growing by about 16 percent YoY basis and on QoQ basis increasing by 18 percent from Rs 851.52 crore in Q1 FY26.

The PAT  grew by about 56 percent YoY basis when you compare the Q2 FY26 profit at Rs 45.65 crore to Rs 29.21 crore in Q2 FY25 and on QoQ basis has increased 65 percent from Rs 27.58 crore in Q1 FY26. 

The gross profit margin rose to 25.8 percent from 23.6 percent last year, highlighting stronger profitability. EBITDA grew 16 percent to Rs 89 crore, with the margin inching up to 8.9 percent from 8.8 percent last year , reflecting the company’s consistent focus on cost control and value-driven growth.

Commenting on the performance, Ms. Akshali Shah, Executive Director, PMFL said

“In Q2 FY26, Parag Milk Foods achieved a milestone by crossing the Rs 1,000 crore quarterly revenue mark, marking a proud moment for the company and its stakeholders. The quarter was driven by strong festive demand and positive consumer sentiment toward branded dairy products.

Despite inflation in dairy commodities, the company noted that it supports farmer welfare while maintaining income stability. The management also welcomed the GST 2.0 reform, expecting it to boost affordability, demand, and overall growth in the organized dairy sector.

Looking ahead, Parag Milk Foods plans to continue its growth journey through distribution expansion, new product launches, and stronger brand-building initiatives.”

About the company and others.

Parag Milk Foods Limited, founded in 1992, is one of India’s leading dairy FMCG companies with a nationwide presence. With modern plants in Maharashtra and Andhra Pradesh, it produces 100 percent cow’s milk products known for quality and nutrition.

Its popular brands include Gowardhan for traditional dairy, and offers products like cheese, milkshakes and more with the brand name “Go” . “Pride of Cows” which is a flagship brand of the company, works on the concept that brings fresh milk straight from the farm to homes. The company also offers Avvatar, India’s first 100 percent vegetarian whey protein.

Parag Milk Foods showcased a well-balanced and evolving business mix , the company’s core dairy categories include  favorites like ghee, paneer, and cheese which remained its backbone by contributing 59 percent of total product composition . 

The liquid milk segment made up 10 percent, while the new age portfolio, featuring premium and value-added brands like Pride of Cows and Avvatar contributed another 9 percent, reflecting growing consumer preference for healthier and innovative products. Meanwhile, ingredients and SMP formed 13 percent, and other dairy products accounted for 9 percent, highlighting the company’s strength across both traditional and emerging dairy segments.

Written by Leon Mendonca.

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