Brands
Parag milk foods posts record Rs 1,013 cr revenue despite cost surge
MUMBAI: Parag milk foods limited has clocked its highest-ever quarterly revenue at Rs 1,013 cr in Q3 FY26, rising 14 per cent year-on-year, driven by robust demand across core dairy categories and a sharp surge in its new-age businesses.
Volume growth stood at 8 per cent, with ghee, cheese and paneer posting a combined 12 per cent rise, while value growth touched 21 per cent. The company’s premium verticals Pride of Cows and Avvatar delivered a striking 123 per cent jump in revenues, crossing Rs 100 cr in a quarter for the first time.
Gross profit increased 9 per cent to Rs 262 cr, though margins softened to 25.9 per cent as milk prices climbed nearly 20 per cent year-on-year. EBITDA slipped 3 per cent to Rs 77 cr, while adjusted profit after tax stood at Rs 35 cr.
For the nine months ended December FY26, revenue rose 14 per cent to Rs 2,872 cr, with adjusted PAT up 17 per cent to Rs 109 cr.
The company continued aggressive brand-building, expanding Gowardhan and Go through television and digital campaigns on Kaun Banega Crorepati season 25 and Super Dancer, targeting mass family audiences. To deepen household penetration, the company introduced Gowardhan cow ghee in a 20 ml sachet priced at Rs 20, aimed at first-time and value-conscious consumers across urban and rural markets.
Premium brand Pride of Cows strengthened its positioning through multi-platform campaigns focused on purity, traceability and quality. Meanwhile, Avvatar reinforced its sports nutrition credentials by onboarding Janhvi Kapoor as the face of its marketing initiatives to connect with younger, health-conscious consumers.
Parag milk foods executive director Akshali Shah, said the milestone quarter reflected strong consumer trust and the company’s ability to navigate inflation through pricing, portfolio mix and premiumisation.
Shah noted that commodity inflation is likely to persist in the near term, but said the company is well positioned to navigate the pressure through strong brands, superior offerings and a disciplined focus on innovation and distribution expansion to deliver long-term profitable growth.
Founded in 1992, Parag milk foods limited operates manufacturing facilities at Manchar in Maharashtra and Palamaner in Andhra Pradesh, with an integrated dairy farm, Bhagyalaxmi Dairy Farm Limited, housing over 5,000 cows. The company markets cow milk-based products under Gowardhan and Go brands, runs the premium farm-to-home brand Pride of Cows, and operates in sports nutrition through Avvatar, India’s first 100 per cent vegetarian whey protein brand.
Brands
Lululemon picks former Nike executive to be its next chief
Heidi O’Neill, who helped grow Nike into a $45 billion giant, will take the top job in September
CANADA: Lululemon has found its next chief executive, and she comes with serious credentials. The athleisure giant named Heidi O’Neill as its new CEO on Wednesday, ending a search that has left the company running on interim leadership since earlier this year. O’Neill will take charge on September 8, 2026, based out of Vancouver, and will join the board on the same day.
O’Neill brings more than three decades of experience across performance apparel, footwear and sport. The bulk of that time was spent at Nike, where she was a central figure in one of corporate sport’s great growth stories, helping take the company from a $9 billion business to a $45 billion global powerhouse. She oversaw product pipelines, brand strategy and consumer connections, and played a significant role in shaping how Nike spoke to athletes around the world. Earlier in her career, she worked in marketing for the Dockers brand at Levi Strauss. She also brings boardroom experience from Spotify Technology, Hyatt Hotels and Lithia and Driveway.
The board was unequivocal in its enthusiasm. “We selected Heidi because of the breadth of her experience, her demonstrated success delivering breakthrough ideas and initiatives at scale, and her ability to be a knowledgeable change and growth agent,” said Marti Morfitt, executive chair of Lululemon’s board.
O’Neill, for her part, was bullish. “Lululemon is an iconic brand with something rare: genuine guest love, a product ethos rooted in innovation, and a global platform still in the early stages of its potential,” she said. “My job will be to accelerate product breakthroughs, deepen the brand’s cultural relevance, and unlock growth in markets around the world.”
Until she arrives, Meghan Frank and André Maestrini will continue as interim co-CEOs, before returning to their previous senior leadership roles once O’Neill steps in.
Lululemon is betting that a Nike veteran who helped build one of the world’s most powerful sports brands can do something similar for an athleisure label that has genuine love from its customers but is still chasing its full global potential. O’Neill has done it before at scale. The question now is whether she can do it again.
