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Parag Milk Foods Q3 FY26 results (Oct–Dec 2025) and concall

Fast Moving Consumer Goods · Concall AI · Call held 11 Feb 2026

Parag Milk Foods delivered strong Q3 FY26 results with revenue exceeding ₹1,000 crores and robust volume growth, particularly in its new age business. Despite significant commodity inflation, the company maintained sequential gross margins through strategic pricing and portfolio mix. However, YoY EBITDA and PAT saw some compression, partly due to inflationary pressures and an exceptional employee benefit provision. The company continues to focus on distribution expansion and brand building.

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What they filed

Q3 FY26: revenue up 14.5%, net profit down 16.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue871 885 918 852 1,008 +16%1,013 +14%
EBITDA69 74 62 58 71 +3%68 −8%
Net profit29 36 26 28 46 +59%30 −17%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.