Parag Milk Foods LimitedQ1 FY27 Results & Financial Update
Parag Milk Foods Limited: Q1 FY27 consolidated results and company financials – revenue ₹944.57 Cr, PAT ₹22.05 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Parag Milk Foods Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the first quarter of fiscal year 2027, ended June 30, 2026, Parag Milk Foods recorded consolidated revenue from operations of INR 944.57 crore alongside total income of INR 945.98 crore.
Profit before tax for the quarter stood at INR 29.29 crore, while net profit after tax reached INR 22.05 crore, delivering an earnings per share of INR 1.76 for the period.
Finance costs for the quarter were reported at INR 21.90 crore, reflecting debt servicing requirements associated with ongoing operations and capital structures.
Depreciation and amortisation expenses amounted to INR 18.47 crore, capturing the wear and tear and usage of the company's manufacturing plants and processing equipment.
Tax expenses for the quarter were recorded at INR 7.24 crore, resulting in a positive bottom-line realization of INR 22.05 crore.
Other income contributed a modest INR 1.41 crore to the overall income pool, supporting the consolidated financial position for the quarter.
Parag Milk Foods Limited released its consolidated financial results for the first quarter of fiscal year 2027, covering the period ended 30 June 2026, as submitted through official regulatory filings. During the quarter, the company recorded total revenue from operations of INR 944.57 crore, alongside other income of INR 1.41 crore, bringing total income for the period to INR 945.98 crore.
The company's profitability for the quarter stood at INR 29.29 crore in terms of profit before tax (PBT), while profit after tax (PAT) reached INR 22.05 crore after accounting for tax expenses of INR 7.24 crore. Basic and diluted earnings per share (EPS) for the three-month period were reported at INR 1.76.
01 · Business model
What does Parag Milk Foods do?
Parag Milk Foods Limited is an established dairy products and consumer goods company operating on a consolidated basis in India. The company processes and distributes a wide variety of milk, value-added dairy derivatives and consumer food products.
Its operational model spans milk procurement from farmers, large-scale processing across manufacturing facilities, and distribution through multiple channels reaching institutional and retail consumers.
Revenue is primarily driven by consumer brands in categories such as cheese, ghee, paneer, whey proteins and specialized milk formulations.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹944.57 Cr |
| Total income | ₹945.98 Cr |
| Profit before tax | ₹29.29 Cr |
| Profit after tax | ₹22.05 Cr |
| EPS | ₹1.76 |
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
The primary revenue stream of INR 944.57 crore was driven by consolidated operations encompassing dairy processing, value-added consumer dairy brands, and institutional sales.
The primary revenue stream comprises sales of branded consumer dairy products, including liquid milk, ghee, paneer, cheese, and whey protein, distributed across retail and institutional channels.
Revenue from operations for Q1 FY27 reached INR 944.57 crore, underpinned by core dairy product sales across consumer and institutional segments.
Total income reached INR 945.98 crore, which includes INR 1.41 crore of other income complementing core operating revenues.
Reported consolidated revenue from operations of INR 944.57 crore for Q1 FY27.
Generated INR 1.41 crore in other income, bringing total consolidated income to INR 945.98 crore for the quarter.
What drove margins
Finance costs of INR 21.90 crore and depreciation of INR 18.47 crore formed significant ongoing operational expenses alongside raw material and processing overheads.
Profit margins for the quarter were shaped by significant capital charges, including finance costs of INR 21.90 crore and depreciation of INR 18.47 crore, alongside an overall tax expense of INR 7.24 crore against a PBT of INR 29.29 crore.
Depreciation and amortisation expenses stood at INR 18.47 crore for the quarter.
Tax expenses for the period were accounted at INR 7.24 crore against a profit before tax of INR 29.29 crore.
Incurred finance costs of INR 21.90 crore during the quarter, impacting bottom-line profitability.
Recorded depreciation and amortization expense of INR 18.47 crore for Q1 FY27.
Tax outgo for the quarter was established at INR 7.24 crore against a PBT of INR 29.29 crore.
04 · Reported developments
What changed operationally
Delivered positive net profit after tax of INR 22.05 crore for the quarter ended 30 June 2026.
05 · Beyond the numbers
What changed beyond the numbers
Reported update
Consolidated Filing Submission
The company submitted its quarterly consolidated financial results via official exchange XBRL filings on August 6, 2026.
06 · Key Q&A
The quarter, answered directly
What does Parag Milk Foods do?
Parag Milk Foods Limited is an established dairy products and consumer goods company operating on a consolidated basis in India. The company processes and distributes a wide variety of milk, value-added dairy derivatives and consumer food products.
What is the clearest takeaway from Q1 FY27?
During the first quarter of fiscal year 2027, ended June 30, 2026, Parag Milk Foods recorded consolidated revenue from operations of INR 944.57 crore alongside total income of INR 945.98 crore.
What drove revenue or demand?
The primary revenue stream of INR 944.57 crore was driven by consolidated operations encompassing dairy processing, value-added consumer dairy brands, and institutional sales.
What mattered most for margins or profitability?
Finance costs of INR 21.90 crore and depreciation of INR 18.47 crore formed significant ongoing operational expenses alongside raw material and processing overheads.
What changed operationally beyond the headline numbers?
The company submitted its quarterly consolidated financial results via official exchange XBRL filings on August 6, 2026.
What should the next disclosure help confirm?
Monitor upcoming quarterly financial filings to evaluate sequential revenue trends, margin progression and debt servicing costs.
07 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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08 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Quarter Performance: Monitor upcoming quarterly financial filings to evaluate sequential revenue trends, margin progression and debt servicing costs.
- 02
Subsequent Financial Disclosures: Monitor upcoming quarterly disclosures and financial statements for comparative performance tracking and sequential margin evolution.
- 03
Finance Cost and Debt Servicing: Observe the trajectory of finance costs (INR 21.90 crore in Q1 FY27) relative to operating earnings.
- 04
Subsequent Financial Disclosures: Track upcoming quarterly financial disclosures to evaluate operational trends and margin developments in subsequent periods.
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