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Parag Milk Foods reports robust FY26 results, total income climbs to Rs 3,777 crore
Net profit rises 22 per cent, dividend of 11 per cent proposed for FY26 shareholders
MUMBAI: In a performance that was anything but “cheesy,” the Board of Directors of Parag Milk Foods Limited gathered on 7 May 2026 to digest a set of financial results that would make any investor’s mouth water. The company has recommended a refreshing final dividend of 11 per cent per equity share (amounting to Rs. 1.10 per share) for the financial year ending 31 March 2026, pending shareholder approval at the upcoming Annual General Meeting.
The company’s standalone performance for the full year has truly risen to the top. Total income reached a robust Rs. 3,777.46 Crores, up from Rs. 3,394.00 Crores in the previous year. This growth translated into a standalone net profit after tax of Rs. 150.88 Crores, a healthy 22.1 per cent increase compared to the Rs. 123.54 Crores recorded the prior year.
The quarter ending 31 March 2026 remained steady, with revenue from operations hitting Rs. 946.17 Crores. Despite total expenses for the year climbing to Rs. 3,613.28 Crores, driven largely by material costs of Rs. 2,931.28 Crores, the company successfully managed a profit before tax of Rs. 158.79 Crores.
To keep its workforce motivated, the Board approved the allotment of 1,000,000 equity shares (face value Rs. 10 each) to the Parag Milk Foods Employee Stock Option Trust. This move has bumped the company’s total paid-up equity share capital to Rs. 126,10,95,540, now divided into 12,61,09,554 fully paid-up shares.
In a bit of corporate housekeeping, the firm also re-classified Vitalia Tradeglob Private Limited, which currently holds zero shares, from the “promoter group” to the “public” category.
The company’s financial health looks as solid as a block of cheddar:
Total assets: Grown to Rs. 2,186.83 Crores, up from Rs. 1,925.09 Crores last year.
Total equity: Stands at Rs. 1,290.78 Crores.
Earnings per share (EPS): Increased to Rs. 12.36, a significant jump from Rs. 10.36 in the previous period.
Cash flow: Generated Rs. 132.42 Crores from operating activities, despite heavy investments of Rs. 89.78 Crores in property, plant, and equipment.
With its Dubai-based subsidiary, Parag Foods Middle East FZE, currently incorporated and awaiting the start of operations, the company is clearly looking to spread its wings, and its butter, further afield. Shareholders can now look forward to the AGM for their 11 per cent dividend payout, concluding a year of “udderly” impressive growth.
